Interest-free loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them, in which the interest rate is provided free of charge by banks or paid by the government or corresponding institutions according to agreed conditions. Therefore, it is necessary for the local government to have an interest-free loan policy before applying for a loan.

Interest-free loans generally have a clear division of labor among various departments. The application is accepted by the labor department, then confirmed by the guarantee institution, and finally applied for a loan from the bank.

Application conditions:

The loan applicant must have certain repayment ability;

Having legal business procedures and breeding certificates;

Having fixed business premises, farms and certain self-owned funds;

The business project conforms to the national industrial policy;

Personal credit is good.