(1) According to the loan contract signed, the repayment method for interest and principal is as agreed.
(2) If it is agreed that the interest will be settled annually, the principal will be repaid in one lump sum and the interest will be repaid for one year.
(3) Borrow interest quarterly and repay the principal in one lump sum at maturity; Borrow interest quarterly and repay the principal in installments.
if it is small, short-term, usually within one year, the profits will be paid off with the principal. That is, when the loan is repaid, the interest is settled; If the amount is slightly larger, within one year, the interest is usually settled on a monthly basis, and the interest on the due date will be settled with the principal, that is, the interest of the current month will be settled on a fixed day of each month (such as the 2th), and the interest on the last month will be repaid. If the amount is relatively large, such as more than 5, yuan, and the term is more than one year, the principal will be repaid in installments and the interest will be settled regularly.
rural credit cooperatives loan refers to the behavior that a natural person or legal person obtains funds from rural credit cooperatives according to the prescribed conditions and procedures, and agrees on the amount, term and interest rate, and repays the loan principal and interest at maturity
Characteristics of credit cooperatives loan: the main business of credit cooperatives is rural credit, and its business procedures and technical operations are basically the same as those of national specialized banks. Therefore, the systems and measures of national specialized banks on rural credit management are equally applicable and binding in credit cooperatives. However, because the nature, status and function of credit cooperatives are different from those of national specialized banks, they have their own characteristics in the specific operation of loans:
The loan targets of extensive credit cooperatives involve all kinds of ownership and various fields in rural areas, including:
1. Contractors, specialized households and rural cooperative business units engaged in agriculture, forestry, animal husbandry, sideline and fishery.
2. township (town) offices, village offices, organization offices, household offices and various forms of joint ventures or new economic complexes that have been approved by relevant departments to implement independent accounting.
3. Rural cultural, educational, health and scientific research institutions with guaranteed operating income and repayment.
4. Approved by relevant departments to engage in rural individual economic households and economic associations such as handicrafts, commerce, transportation, construction and service industries. In addition, credit cooperatives with strong financial strength can also provide loans to enterprises and institutions within the credit scope of national specialized banks. Of course, due to the nature of credit cooperatives, the focus of their loan support is agricultural production, and others can only support according to their abilities on the premise of meeting the needs of agricultural production funds.