1. Loan application. Borrowers apply for loans from local credit cooperatives. In addition to applying for small loans in rural areas, relevant information is required when applying for other types of loans. (1) Basic information of the borrower and guarantor; The financial report of the previous year approved by the financial department or accounting (auditing) firm, and the financial report of the previous period of applying for a loan; (3) Rectification of original unreasonable loans; (4) List of mortgaged property and pledged property, proof that the person who has the right to dispose of it agrees to mortgage and pledge, and relevant proof that the guarantor agrees to guarantee intention; 5] Project proposal and feasibility report; (6) Other relevant information deemed necessary by the credit cooperatives.
Second, credit rating evaluation. Credit cooperatives evaluate the credit rating of borrowers.
Third, the loan survey. Credit cooperatives investigate the legitimacy, safety and profitability of borrowers.
Fourth, loan approval. Credit cooperatives carry out loan approval in accordance with the loan management system of loan separation and grading approval.
5. sign a contract. Credit cooperatives sign loan contracts with borrowers.
6. Loan issuance. Credit cooperatives issue loans on schedule according to the loan contract.
7. Post-loan inspection. The credit cooperatives shall conduct follow-up investigation and inspection on the borrower's performance of the loan contract and operation.
8. Loan repayment. When the loan expires, the borrower shall repay the loan principal and interest in full and on time. If it is necessary to extend the loan, an application for loan extension shall be submitted to the agency before the loan expires, and the extension matters shall be decided by the agency.