From June 5438 to 10 last year, Mr. Tang wanted to set up a small processing factory in his hometown. The factory has been built, but he still needs financial support of about 654.38 million yuan. He borrowed 654.38 million yuan from rural credit cooperatives. Now that the processing plant has entered the normal operation period, Mr. Tang said that thanks to the loans provided by rural credit cooperatives, it is very suitable for individual economic households like him. Next, I will give you a concrete analysis of the advantages of rural credit cooperatives loans compared with other loans.
As the name implies, rural credit cooperative loans are loans issued by rural credit cooperatives, with rural credit as the main business.
Then why do many people give up loans from other financial institutions and choose this kind of loans instead? As we all know, attractive things must have their bright spots.
Like commercial bank loans, credit cooperative loans have similar regulations and application methods, which are also strongly binding on borrowers. However, because the nature, status and role of credit cooperatives are different from those of banks, they have some more prominent characteristics in loan management.
Feature 1: the universality of the loan object
The loan targets can be contracted business households, specialized households and rural cooperative business units engaged in agriculture, forestry, animal husbandry and fishery, rural scientific research institutions such as culture, education and health with guaranteed operating income and repayment, or individual economic households engaged in rural transportation, service industry and handicrafts. In short, if you meet the conditions of credit union loans, you can apply for such loans!
Feature 2: Relative independence
The second feature is relative independence. Rural credit cooperatives mainly operate their own credit business according to the principle of proportional operation, so as to induce the rational flow of rural funds. This flexibility is mainly manifested in the following three aspects:
1. Flexibility of loan scope and use
Credit cooperatives can issue loans under the premise of ensuring the funds needed for agricultural production according to the national industrial policy, and determine the "order of using funds" according to their own financial strength. That is to say, if their own financial strength is possible, credit cooperatives can provide loan support as long as the projects allowed by national policies and decrees can ensure the expected economic benefits and repay the loans.
2. The proportion of self-owned funds and the loan period can be appropriately flexible.
When issuing loans, credit cooperatives may appropriately relax the proportion of self-owned funds of loan customers under the conditions of complying with national policies, decrees and loan principles, ensuring economic benefits and timely recovery. For working capital loans, according to the fixed current assets of enterprises, the proportion of self-owned working capital shall not be less than 30%; Fixed capital loans, calculated according to the total investment of the project, the proportion of self-owned funds is not less than 50%.
3. Appropriate and flexible loan procedures.
Mr. Li, if you want to apply for a loan, you can do it according to the regulations of the local credit union.
Feature 3: regional loan investment.
Because credit cooperatives are cooperative financial organizations established by farmers and rural collective economic organizations in a certain region voluntarily, it is determined that their service scope must ensure the capital demand of farmers' production and life in this region and support the economic development in this region. Therefore, the loan funds of credit cooperatives have obvious regional characteristics.
These are the characteristics and advantages of loans from rural credit cooperatives. See if the loan of rural credit cooperatives meets your own needs and conditions. If necessary, you can continue to visit the platform of Baidu Financial Mall to check other information of rural credit cooperative loans.