Agricultural Bank loans must meet the following conditions:

1. Has a permanent residence in the town or a valid residence status.

2 have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan.

3. There is a purchase contract or agreement.

4. Be able to pay a down payment of not less than 20% of the total purchase price.

5. Agree to use the purchased house as collateral, or provide assets recognized by the handling bank as collateral or pledge, or a unit or individual with sufficient compensatory capacity as a guarantor to repay the principal and interest of the loan and bear joint and several liabilities.

Extended data:

Loan process:

Loan application.

Borrowers apply for loans from local banks. In addition to applying for rural loans, other types of loans should also provide relevant information.

Credit rating evaluation.

The bank evaluates the borrower's credit rating.

Loan survey.

Banks investigate the legitimacy, safety and profitability of borrowers.

Loan approval.

Banks should examine and approve loans in accordance with the loan management system of separation of examination and loan and grading examination and approval.

Sign the contract.

The bank signs a loan contract with the borrower.

Loan issuance.

The bank issues loans on schedule according to the loan contract.

Post-loan inspection.

The bank conducts follow-up investigation and inspection on the borrower's performance of the loan contract and operation.

Loan repayment.

When the loan expires, the borrower shall repay the loan principal and interest in full and on time. If extension is needed, an application for extension should be submitted to the bank before the loan expires, and the bank will decide whether to extend it.