Generally, the loan will be released within 7 working days.

The arrival time of rural credit loans is related to many factors, such as loan products, whether the borrower's application materials are complete, bank review system, loan purpose inspection, holidays, etc. Under normal circumstances, if the rural credit cooperative's review is relatively relaxed, the account can be received in about 7 working days if everything is complete.

After receiving the application, the rural credit cooperative will evaluate the applicant's credit rating and issue a "Loan Certificate", and then apply to the rural credit cooperative for loan business, and then review the purpose and related materials. , and then the loan will be granted to all those who meet the conditions.

Extended information

Rural Credit Cooperative Loan Conditions

1. The borrower is a citizen of the People’s Republic of China with full capacity for civil conduct; the purpose of the loan is clear It is legal; the loan application amount, term and currency are reasonable; the borrower has the willingness and ability to repay.

2. The borrower has good credit status, good moral character, abides by laws and regulations, and has no major bad credit record; has stable economic income and the ability to repay the principal and interest of the loan on time; opens a current account in a rural credit cooperative The deposit account can provide effective guarantees and mortgage (pledge) guarantees recognized by rural credit cooperatives; other conditions required by the lender.

3. Personal production and operation loans, unless meeting the above conditions, may not be used for the following purposes: production and operation activities that do not comply with national industry and environmental protection policies; customers who have been included in the restricted or eliminated categories of our bank operations; capital market investment; repayment of non-performing financial debts.

Baidu Encyclopedia-Yunnan Rural Credit Cooperatives