How to repay the housing loan for immigrants in Gulang County?

One month before repayment, the agent supervision banks and towns should take effective measures to remind farmers to prepare repayment funds and repay the loan principal and interest on schedule.

For those who fail to repay the loan and interest on schedule, the township that approved the loan will collect it at home, and if necessary, credit investigation and judicial procedures will be taken to collect it. For towns and villages where the repayment rate of due loans can not meet the requirements, the county commission for discipline inspection and the organization department of the county party Committee should hold the township party and government leaders accountable.

According to the Allocation and Use Plan of Housing Loans for Immigrants' Relocation in Gulang County's Poverty-stricken Village Infrastructure Construction Project, the housing loans for infrastructure immigrants in poverty-stricken villages were 1.887 households, 1.4706 billion yuan. The loan term is 15 years (including three-year grace period), and the annual benchmark interest rate for interest execution is 4.9%. The principal and interest of the loan are mainly the relocated farmers who enjoy the loan. During the grace period, the interest shall be borne by the county finance. Starting from the fourth year, the relocated farmers will repay the loan principal and interest year by year. Farmers' loan interest will fall by 20% according to the annual benchmark interest rate, and this 20% interest will be borne by the county finance.