Can rural credit cooperatives lend money?

yes.

The application conditions for personal loans of rural credit cooperatives are as follows:

1. The borrower is a citizen of the People's Republic of China with full civil capacity;

2. The purpose of the loan is clear and legal;

3. The loan application amount, term and currency are reasonable;

4. The borrower has the willingness and ability to repay;

5. The borrower has good credit status, good moral quality, law-abiding and no major bad credit record;

6. Have a stable economic income and the ability to repay the loan principal and interest on schedule;

7. Opening a current deposit account in rural credit cooperatives can provide effective guarantee and mortgage (pledge) guarantee recognized by rural credit cooperatives;

8. Other conditions required by the lender.

expanding information

loan risk

1. Rural credit cooperatives did not carefully examine the basic situation of the parties when collecting loans through litigation, and some parties no longer have the qualification as subjects, which increased the risk of loan recovery.

2. Lenders are lax in examining loans, and some borrowers sign loan contracts or guarantee contracts with financial institutions under the guise of others, resulting in loans that cannot be recovered in the end.

3. The post-loan supervision mechanism of financial institutions is not perfect, and the post-loan management is neglected, or even collection is not allowed. Only when the limitation period expires or is critical, it is discovered that the borrower even guarantees that the whereabouts of each person are unknown, and there is no hope for loan recovery, resulting in non-performing loans.

resources Baidu encyclopedia-personal loans

resources Baidu encyclopedia-loans from rural credit cooperatives.