But what if poor rural households like this don't even pay the principal by then? What measures will the bank take? For these two problems, the bank will deal with them according to the specific situation of poor rural households and why there is no principal repayment. There are generally three situations.
First, poor households are really completely unable to repay.
These rural poverty alleviation policies are supported by institutions in various regions, so if poor rural households do not invest this money for some special reasons, there is nothing at home and there is no repayment ability at all. After investigation and confirmation by institutions, perhaps this debt needs to be handled through consultation between local institutions and banks.
It is also possible that this 50,000 yuan will be repaid by the organization, or the organization will help the poor households to repay the debts of this bank slowly, and negotiate with the bank to continue interest-free and slowly repay in installments.
Second, poor rural households deliberately delay.
If the bank gives 50,000 yuan to poor rural households to avoid three-year interest, and farmers make money through venture capital, or farmers have the repayment ability to deliberately delay repayment, in this case, the bank will definitely take certain measures to make farmers pay back the money.
For example, the bank will notify the repayment by phone or SMS, but it still doesn't pay back, so it can only be packaged and handed over to the dunning company, or this situation can be reported to the institution to solve the debt through the institution. The worst plan is to appeal to the bank, ask farmers to repay through legal channels, and take compulsory repayment measures.
Third, farmers' loans and entrepreneurship are subject to irresistible risk losses.
Farmers use this money to start businesses, because local disasters, such as earthquakes, floods and other natural disasters have caused losses, and farmers can't pay back this money for the time being.
In this case, the general organization will evaluate the losses of farmers according to natural disasters. If they really suffer serious losses, the organization will negotiate with the bank to either complete the repayment or repay in installments, and the organization may also help farmers solve the debt problem through natural disaster subsidies.
In a word, interest-free bank loans to poor households are poverty alleviation projects in rural areas of China. Farmers will not deal with the money reasonably according to different situations, and what measures to take depends on the situation.
Can poor households get 50 thousand in three years if their credit information is not good
If there are requirements for credit reporting, it depends on the degree of badness.
202 1 Latest Policy on Microfinance for Poverty Alleviation
1. Support the population to get rid of poverty by setting up a file and establishing a card, and issue loans from house to house. Marginal poor households can refer to the implementation.
2. The loan amount is within 50,000 yuan (inclusive) in principle.
3. The loan term is within 3 years (including 3 years).
4. Loan interest rate: Banking institutions are encouraged to issue loans according to the loan market quotation (LPR), which can fluctuate according to the borrower's credit rating, repayment ability and loan cost. The loan interest rate below 1 year (inclusive) shall not exceed 1 year LPR, and the loan interest rate from 1 year to 3 years (inclusive) shall not exceed 5 years LPR. The loan interest rate remains unchanged during the loan contract period.
5. The guarantee method is free of guarantee and mortgage.
6. The loan shall be used for the development, production and operation of the loan households, and shall not be used for non-productive expenses such as marriage, building, wealth management, purchase of household items, or handed over to enterprises or other organizations in the form of dividends, loans and index exchange.
7. Loan conditions
(7. 1) The loan applicant must abide by the law, be honest and trustworthy, have no major bad credit record, and have full capacity for civil conduct;
(7.2) Credit must be granted through bank rating, with loan willingness, necessary labor production skills and certain repayment ability;
(7.3) Loan funds must be used for industries and projects that do not violate laws and regulations and have certain market prospects;
(7.4) In principle, the age of the borrower should be between 18 years old (inclusive) and 65 years old (inclusive).
It is true that poor households borrow 50 thousand yuan for three years without interest;
On the question of "whether a rural hukou can borrow 50,000 yuan for three years without interest", we have to start with the rural hukou loan policy. Some areas do have a policy of 50,000 interest-free rural hukou for three years, but not everyone can get such a loan qualification, and certain conditions need to be met, as follows:
1. Interest-free loans are for people who want to get a small interest-free loan of 50,000 yuan for three years. Lenders need to be poor rural households who have set up a file and set up a card, poor college students who have graduated from school or are ready to start a business, or unemployed demobilized rural poor soldiers. His age needs to be 18 to 45 years old, with full capacity for civil conduct.
2. Lenders need to have certain repayment ability. As far as the lender is concerned, in addition to meeting the loan application conditions, it also needs to have a certain repayment ability, and issue a certain valuation report and collateral for the mortgaged items, which can be real estate mortgage, certificate of deposit mortgage, securities or third-party guarantee.
There are many preferential policies for loans without other small guarantees. For applicants who want to enjoy 50,000 interest-free for three years, their demand is that they have never enjoyed other preferential policies for small-sum secured loans, and poor households can only borrow 50,000 at most a year.
4. Applicants for small interest-free loans with no illegal acts and bad records must be talents with good credit and no illegal acts and bad records. It is reported that people with three or more bad credit records will not apply for small interest-free loans.
Is it true that poor households borrow 50 thousand yuan for three years without interest?
On the question of "whether rural hukou can borrow 50 thousand yuan for three years without interest", we have to start with the rural hukou loan policy. Some areas have a three-year interest-free policy of 50,000 yuan, but not everyone can get it.
This loan qualification needs to meet certain conditions, as follows:
1. Require interest-free loan target.
In order to obtain a three-year interest-free small loan of 50,000 yuan, the lender needs to be a poor rural household with a card, a poor college student who is at school or ready to start a business after graduation, or an unemployed demobilized rural poor soldier, aged between 18 and 45 years old, with full civil capacity.
2. Lenders must have certain repayment ability.
As far as the lender is concerned, in addition to meeting the loan application conditions, it also needs to have a certain repayment ability, and issue a certain valuation report and collateral for the mortgaged items, which can be real estate mortgage, certificate of deposit mortgage, securities or third-party guarantee.
3. Did not enjoy other preferential policies for small loan guarantee.
At present, the country has many policies to benefit farmers. For applicants who want to enjoy 50,000 interest-free for three years, their demand is that they have not enjoyed other preferential loan policies with small guarantees, and poor households can only borrow 50,000 at most a year.
4. No illegal acts and bad records.
Extended data
202 1 Latest Policy on Microfinance for Poverty Alleviation
1. Supported objects
Set up a file to get rid of poverty and issue loans to households. Marginal poor households can refer to the implementation.
2. Loan amount
In principle, it is less than 50,000 yuan (inclusive).
3. Term of the loan
Within 3 years (inclusive).
4. Loan interest rate
Encourage banking institutions to issue loans according to the loan market quotation (LPR), which may fluctuate appropriately according to factors such as the lender's credit rating, repayment ability and loan cost. The loan interest rate below 1 year (inclusive) shall not exceed 1 year LPR, and the loan interest rate from 1 year to 3 years (inclusive) shall not exceed 5 years LPR. The loan interest rate remains unchanged during the loan contract period.
5. Guarantee method
No guarantee, no mortgage.
6. The purpose of the loan
Adhere to household borrowing, household use and household return, and accurately use them for the development of production and operation of loan households. It cannot be used for non-productive expenses such as marriage, building, wealth management, and purchasing household items, nor can it be used by enterprises or other organizations in the form of dividends, loans, and exchange of indicators.
7. Loan conditions
(7. 1) The loan applicant must abide by the law, be honest and trustworthy, have no major bad credit record, and have full capacity for civil conduct;
(7.2) Credit must be granted through bank rating, with loan willingness, necessary labor production skills and certain repayment ability;
(7.3) Loan funds must be used for industries and projects that do not violate laws and regulations and have certain market prospects;
(7.4) In principle, the age of the borrower should be between 18 years old (inclusive) and 65 years old (inclusive).
Poor households can borrow 50,000 yuan without interest for three years. Is prepayment interest-free?
Interest-free According to relevant public information, a three-year interest-free loan of 50,000 yuan for poor households has a contract and can be repaid in advance, which is also 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. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.