Lending rate of rural credit cooperatives

For some enterprises and individuals in the designated areas of rural credit cooperatives, it is naturally much more convenient to go to rural credit cooperatives to make loans than other banks, and the procedure process is much faster, especially for some farmers or private small enterprises with less loans. Rural credit cooperative loans can not only shorten the time required for loans but also improve the success rate of their loans. So, what is the loan interest of rural credit cooperatives and what are the loan conditions? The following editor will answer for you.

Loan line of rural credit cooperatives

The loan amount of rural credit cooperatives will vary according to local loan policies and loan methods, but generally the loan amount of rural credit cooperatives is not very high. For small loans of rural credit cooperatives, the amount generally can not exceed 50,000 yuan. If it is a mortgage loan, it may be a little easier to handle, and the amount will be slightly higher, but if it is to deal with a credit line without mortgage, it will not be so high, usually about 20,000 yuan.

Lending rate of rural credit cooperatives

The loan interest rate of credit cooperatives is floating, that is, within the floating range approved by the people's Bank of China, the credit cooperatives shall, in accordance with the principle of capital preservation and small profit, determine whether or not to float and how much to float according to the object of the loan, the type of loan, the size of the economic benefit, the length of the term and the quality of the credit. The lower limit of the loan interest rate of rural credit cooperatives is 0.9 times of the benchmark interest rate, and the maximum floating coefficient is 2.3 times of the benchmark loan interest rate.

Benchmark interest rate for RMB loans

1. Short-term loans: 5.35% within six months (including six months) and 5.35% from six months to one year (including one year).

2. Medium-and long-term loans: 5.75% for one to three years (including three years), 5.75% for three to five years (including five years), and 5.90% for more than five years.

3. Provident fund loans: 3.50% for less than five years (including five years) and 4.00% for more than five years.

Loan conditions of rural credit cooperatives

1. The ability to repay principal and interest on schedule. The interest on the original loan payable and the loan due have been basically repaid, and if there is no repayment, a repayment plan approved by the lender has been made.

2. Except for natural persons and enterprise legal persons that do not need to be approved and registered by the industry and commerce department, they shall go through the annual inspection formalities through the industry and commerce department

3. A basic account or a general deposit account has been opened in the loan agency, and a certain amount of payment deposit is retained in the account, and is voluntarily subject to the supervision and inspection of credit and settlement of the loan agency, it can be guaranteed to submit business plans and related business and financial statements to the loan agency on a regular basis.

4. The applicant for guarantee or mortgage must have loan guarantor, loan collateral or pledge in accordance with the regulations, and the loan guarantor must be an enterprise or economic entity that opens a deposit account in rural credit cooperatives and has good economic benefits and creditworthiness. The loan collateral must comply with the provisions of the guarantee Law of the people's Republic of China and relevant laws and regulations, and in principle it should be based on real estate (such as housing and land). Must be commercial and easy to realize.

5. The asset-liability ratio of the borrower shall not be higher than 70%.

6. for those who apply for loans for projects such as fixed assets and real estate, the owner's rights and interests and the proportion of self-raised funds of the borrower must meet the requirements set by the State Council, and at the same time, complete, standardized and effective documents must be submitted in accordance with the requirements of project management.

7. Except as prescribed by the State Council, the cumulative amount of equity investment in foreign equity of a limited liability company and a joint stock limited company shall not exceed 50% of its net assets.

8. The borrower must apply for a loan card in accordance with the provisions of the people's Bank of China and go through the annual inspection procedures as required.