How to get a small loan in Xiangyang?

Take the small loan from the Agricultural Bank of China in Xiangyang as an example:

Conditions for the small loan from the Agricultural Bank of China

1. Age between 18 and 65 years old;

2. Have a fixed residence and be in good health;

3. Be able to provide your valid identity document;

4. Have good personal credit;

5 , be able to repay the loan in full and on time;

6. Engage in business activities in compliance with national regulations;

7. Other conditions required by the Agricultural Bank of China.

Loan methods: In addition to meeting the above conditions, lenders can apply for small loans through guarantees, mortgages, etc.

Use of funds: Depending on the method of using funds, small loans applied by lenders are divided into self-service recyclable methods and general methods. Under the self-service recyclable mode, within the approved maximum amount and period, the borrower can borrow at any time and repay at any time, and withdraw and repay through the self-service borrowing method; while under the general method, the Agricultural Bank of China implements a one-time loan to the borrower, one time Or withdraw it in installments. The specific method of payment shall be determined through negotiation between the borrower and Agricultural Bank of China.

Loan interest: In the self-service recyclable mode, farmers' small loans are calculated based on the actual number of days the loan is used, which can minimize the borrower's interest expenses.

The loan process of Agricultural Bank of China’s small loans

Submit a loan application and submit relevant loan materials - bank acceptance and approval - after approval, sign a loan contract with the borrower - Loan repayment

The issuance procedure of Agricultural Bank of China's small loans:

The loan rules for farmers' joint guarantee loans are "first to agree, then to apply, and then to issue the loan."

1. After the farmers’ joint guarantee agreement is first reached independently by the joint guarantee farmers, the minimum term of the joint guarantee agreement shall not be less than 6 months and the longest shall not be more than 3 years. The joint guarantee team shall fill in a unified standard joint guarantee agreement. Each member shall provide three 1-inch photos, and the team leader shall submit a written joint guarantee agreement to the Agricultural Bank of China.

2. After receiving the joint guarantee agreement, the Agricultural Bank of China will first review whether the required content of the joint guarantee agreement is complete. After review, the loan officer of the branch will conduct a review for each farmer household under the joint guarantee agreement based on the content specified in the agreement. Conduct an investigation; during the investigation process, the loan limit must be consistent with the opinions of all joint guarantee members, and the work must be completed within ten working days.

3. Determine the loan amount for joint guarantee farmers. The Agricultural Bank of China determines the maximum borrowing amount for each joint guarantee member in the joint guarantee agreement through a survey of joint guarantee farmers. In principle, the maximum borrowing limit of each joint guarantee member shall not exceed the local maximum limit approved by the joint association. Co-guaranteed loans to farmers are not allowed to be jointly guaranteed in equal amounts. The difference between the maximum and minimum loan limit approved by the joint guarantee members shall not exceed 10,000 yuan.

4. When farmers who hold a farmer's joint guarantee loan card receive a loan, they only need to present the farmer's joint guarantee loan card and ID card. After being verified by the loan officer (counter staff), they fill in the application form and sign the loan. Contract, fill out the contract and go through the fund withdrawal procedures.

5. The Agricultural Bank of China will conduct post-loan inspections on all members of the joint guarantee team at any time and at any time.