Requirements for loan conditions of rural credit cooperatives

1, with the ability to repay the principal and interest on schedule and a stable source of income.

2. Have a stable address and work or mortgage loans such as shops and cars, and have a legal loan guarantor.

3. Without a bad credit record, the loan cannot be used for stock trading, loan repayment, multi-head loan, etc.

4. The asset-liability ratio of rural borrowers shall not be higher than 70%.

5, can provide proof of address, housing lease contract, utilities, property management and other related certificates, proof of income sources, bank statements, labor contracts, etc.

Extended data:

Steps for determining farmers' credit rating and loan amount:

Step 1: Farmers apply for loans from credit cooperatives.

Step 2: The loan officer investigates the applicant's capital demand and family income, grasps the borrower's credit status, puts forward preliminary opinions and plans, and submits them to the bank evaluation team for review.

Step 3: The credit rating team of the bank determines the loan amount and issues the loan certificate according to the information provided by the credit personnel and the applicant.

References:

Baidu Encyclopedia-Rural Credit Cooperative Loan?