When many people need funds, the first thing they think of is to apply for loans through banks, such as CCB and ABC. For farmers, whether they are handling deposits or loans, the first consideration is the rural credit cooperatives. Rural credit cooperatives are different from the familiar commercial banks. They are financial institutions that support rural economic development. So how to apply for a loan in the rural credit cooperatives?

Although rural credit cooperatives are different from commercial banks, their loan conditions are relatively strict, and only users who meet the requirements of rural credit cooperatives have the opportunity to apply for loans. First of all, the applicant needs to be a natural person who has reached the age of 18 and has full capacity for civil conduct. The applicant hopes that his personal credit information will be spotless. If there is a bad credit record, then the loan is basically hopeless. Users who meet these two conditions need to establish farmers' economic files in local rural credit cooperatives, and the credit cooperatives will verify the applicant's work and income. If the applicant does not have a stable job, he needs to submit some property certificates to prove his repayment ability. In fact, the loan requirements of credit cooperatives are mainly to examine the personal qualifications, credit and repayment ability of borrowers. As long as there is no problem in this respect, it will be easier to apply for a loan.

Generally speaking, it is necessary to pay loan interest when handling loans, but some rural credit cooperatives in some areas also provide interest-free loans. Interest-free loan of rural credit cooperatives is an economic policy launched by the state to help the disadvantaged groups. The borrower himself does not need to pay the loan interest, which is subsidized by the state. The interest-free loan products of rural credit cooperatives mainly include student loans and entrepreneurial loans.

Student loan: Full-time junior college students, undergraduates and graduate students with financial difficulties can apply for student loans from credit cooperatives, and loan students are required to provide information such as university admission notice, student ID card and identity certificates of both borrowers and borrowers.

Entrepreneurial loans: For those who have registered for unemployment, veterans, graduates and other personnel, all profitable entrepreneurial projects need start-up funds, so they can apply for interest-free loans from local rural credit cooperatives to start businesses, and they need to provide relevant information required by the credit cooperatives, such as ID cards, unemployment certificates or graduation certificates.

What conditions and certificates do rural credit cooperatives need for interest-free loans?

Conditions for bank interest-free loans:

1, age 18 to 45 years old, China citizen with full capacity for civil conduct.

2. Proof of fixed residence and business premises. The certificate of fixed residence can be the real estate license (or the real estate license of parents' names), and the certificate of business place should hold the business license issued by the administrative department for industry and commerce and the business license of related industries, indicating that it is engaged in normal production and business activities.

3. Proof of funds. The loan applicant's investment project requires that he already has some self-owned funds. This is an important condition for banks to measure whether to lend, because the amount of venture loans generally does not exceed 70% of the total amount of funds needed by lenders for normal production and business activities and for purchasing (installing or repairing) small equipment and franchising.

4. Settlement account. The loan applicant must open a settlement account with the loan bank, and the operating income must be settled by the bank. Moreover, the purpose of the loan conforms to the provisions of relevant national laws and bank credit policies, and shall not be used for other speculative investment projects such as equity.

5. loan guarantee. Loan applicants need to provide certain guarantees, including real estate mortgage, certificate of deposit pledge, third-party guarantee, etc. In addition, they should also provide banks with some information about their credit status, repayment ability and loan investment as much as possible, which will increase the credibility of loans and help them get loans smoothly.

6, good reputation, no bad records.

7. The project conforms to the national industrial policy and regional economic development, and has good economic and social benefits. Entrepreneurs can consult the local labor department if they want to apply. At present, whether individuals pay interest first, then financial subsidies, or financial discount in advance, the relevant scheme has not yet been determined, but financial discount is certain.

Extended data

interest rate

"Zero interest rate" is a loan contract reached between banks and individuals or organizations through mutual trust.

General international private commercial banks give interest-free loans.

Including consumption, shopping or further study and other bank loans.

A handling fee of about 1% will be charged, which is the income of a bank.

At least offset the administrative expenses, and then the bank will cooperate with the request to join credit cards or various members or open a trading account when the loan is interest-free. This is a wonderful way to expand customers.

process

Small secured loans have a clear division of labor, and the labor department accepts the application, then the guarantee institution confirms the guarantee, and finally the bank applies for the loan. Entrepreneurs can consult the local labor department if they want to apply. At present, whether individuals pay interest first, then financial subsidies, or financial discount in advance, the relevant scheme has not yet been determined, but financial discount is certain.