Loan process of rural commercial bank 1, the borrower applies for a loan from the bank, fills in the loan application form, and submits relevant information stipulated by the bank; 2. Bank staff investigate and review the relevant information submitted; 3. The data is approved, the investigation is passed, and the approval is passed; 4. The bank signs a loan contract with the borrower, and implements the loan granting conditions and loan mortgage procedures; 5. Open a bank account and the bank issues loans; 6. The borrower shall repay the principal and interest of the loan on schedule according to the regulations of the bank, and this contract shall be terminated after the loan is paid off.
Twenty-first medium-and long-term loans (with a term of more than one year) are subject to a one-year fixed interest rate. The loan (including all the funds that should be allocated by installments within one year from the effective date of the loan contract) bears interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract, and the interest rate for the next year is determined according to the legal loan interest rate of the corresponding grade at that time one year later (the first loan is paid by installments). Medium and long-term loans are settled quarterly, and the 20th of the last month of each quarter is the settlement date. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly according to the contract interest rate, and after loans overdue, it shall be compounded at the default interest rate.