Procedures for applying for interest-free loans from poor households

Will loans be granted to poor households in 2023?

Yes, the state has subsidized loans for poverty alleviation, and each household can borrow 50 thousand. If they borrowed this kind of loan before, if they want to use it for other purposes, they can go to the rural commercial bank to postpone the loan.

Third, what should I do if the loans of poor households are not repaid?

Legal analysis: the consequences of poor households not repaying loans: 1. Repayment period or installment repayment is really insolvent; 2. If the lending institution fails to perform within the performance period after winning the case; When accepting the execution, the effective judgment that the lender refuses to perform due to the lack of executable property under the lender's name will be inquired according to law.

Legal basis: "People's Republic of China (PRC) Civil Procedure Law" tells people to fulfill the obligations specified in legal documents, and people have the right to detain and withdraw the expenses necessary for the person subjected to execution to perform the life of the person subjected to execution and his dependent family. When people detain or withdraw income, they shall make a written ruling and issue a notice of assistance in execution, which must be handled by the unit where the person subjected to execution works, banks, credit cooperatives and other units with savings business.

Fourth, how do poor households get loans?

When poor households apply for loans, they can go directly to the local bank to understand the relevant policies, and they can submit materials after they meet the conditions. Loans for poor households generally need to be signed by government departments and lenders, and loans can only be used for projects such as planting, breeding and agricultural products processing for poor households.

Loan conditions for poor households: 1. The lender must be between 18 and 60 years old, have legal and valid identification, have a fixed residence and have full capacity for civil conduct; 2. The lender has no bad credit record, and the bank with bad credit will refuse the loan. 3. The activities that poor households engage in with loans comply with national laws and regulations and industrial policies; 4. Other requirements stipulated by the bank.

When applying for a loan, you can evaluate your repayment ability. If the monthly repayment exceeds your personal affordability, you'd better give up such a loan, otherwise it will have a great impact on your life. Poor households should also evaluate the projects they operate and how much risk they have to bear when making loans.

After submitting the materials, banks generally need about 20 days to review. If the audit fails, the bank will notify the lender through the reserved contact information, and if other materials need to be supplemented, the bank will also notify it in time; After the loan is approved, the bank will directly debit the lender's bank card.