What is the personal loan interest rate of rural credit cooperatives?

1. What is the personal loan interest rate of rural credit cooperatives?

The annual interest rate is about 4%- 10%.

Rural credit cooperatives will raise or lower the loan interest rate according to the borrower's situation. 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 interest rate. The latest benchmark annual interest rate of the central bank is 4.35%.

Second, the rural credit cooperatives personal loan interest

The loan interest rate of rural credit cooperatives will fluctuate on the loan benchmark: the benchmark loan interest rate is 1, and the loan interest rate within one year is 4.35%; 2. The loan interest rate for one to five years is 4.75%; 3. The interest rate for loans over five years is 4.90%. The benchmark interest rate of central bank loans is the guiding interest rate of rural credit cooperatives, and credit cooperatives have the right to raise or lower the loan interest rate according to the borrower's situation. 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 interest rate. Extended data:

RuralCreditCooperatives (rural credit cooperatives in English) refers to a rural cooperative financial institution established with the approval of the People's Bank of China, which is composed of members' shares, implements democratic management and mainly provides financial services for its members. Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. In accordance with the provisions of national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and restrict and crack down. Rural credit cooperatives are divided into the following departments: Rural Credit Cooperatives, International Finance Department of Rural Credit Cooperatives, Zhengtong Rural Credit Cooperatives Training School and Credit Department of Rural Credit Cooperatives, which are under the dual leadership of CBRC and the State Council. Rural credit cooperatives are banking financial institutions. The so-called banking financial institutions are also called deposit institutions and deposit currency banks. Their common feature is that deposits are the main liabilities, loans are the main assets, and transfer settlement is the main intermediary business, which directly participates in the creation process of deposit currency. Rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions whose main purpose is mutual assistance, referred to as "credit cooperatives", which carry out deposit and loan business among members for the purpose of mutual assistance and self-help. The establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy. Due to the seasonal, decentralized and small-scale characteristics of agricultural producers and small commodity producers, it is difficult for small producers and farmers to get the support of bank loans, but objectively, the development of production and circulation must solve the difficulty of insufficient funds, so this kind of mutual aid self-help credit organization established by means of capital contribution and deposit has emerged. Rural credit cooperatives are cooperative financial organizations composed of farmers' shares, which are democratically managed by shareholders and mainly serve them. They are legal financial institutions approved by the People's Bank of China. Rural credit cooperatives are an important part of China's financial system. Their main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. At the same time, organize and adjust rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down.

3. What is the personal loan interest rate of rural credit cooperatives?

Rural credit cooperatives in the loan interest rate pricing can be summarized into the following five types:

1. Policy pricing: mainly targeted at some poverty alleviation loans, national student loans, and farming and sideline products processing industries in loans from farmers' entrepreneurship guarantee funds. These loans all implement the benchmark interest rate, which accounts for a very low proportion in rural credit cooperative loans.

2. Interest-oriented pricing: mainly for ordinary farmers, individual industrial and commercial households and small and medium-sized private enterprises. The interest rate of such loans is relatively high, and rural credit cooperatives generally rise by more than 50%. Moreover, such loans account for a relatively high proportion in rural credit cooperatives and are the main source of interest income of rural credit cooperatives.

3. Competitive pricing: Gold customers mainly concentrated in service areas are loans actively marketed by rural credit cooperatives. Generally speaking, these enterprises are large in scale, strong in strength, good in efficiency, strong in liquidity and large in settlement of funds, and they are also the targets of financial institutions. The loan interest rates of these enterprises generally do not rise or fall.

4. Preferential pricing: mainly for loans pledged by certificates of deposit of rural credit cooperatives or other financial institutions, loans pledged by bank acceptance bills, and loans whose share in rural credit cooperatives is far greater than the loan amount. The interest rate of such loans generally does not rise by more than 20%, which is commonly known as the "preferential interest rate".