The agricultural loan in 1982 was interest-free and conditional.

Conditions for interest-free loans:

1. Must be a Chinese citizen. Applicants for personal interest-free loans need to be over 18 years old and no more than 45 years old. They must have full civil rights. Chinese citizens with legal capacity. Foreigners cannot apply.

2. Have a stable address, a local permanent address, that is, a fixed residence, and a household registration in this city. In other words, if an applicant wants to apply for an interest-free loan, he or she needs to apply at the place of residence.

3. The credit report is good. Applicants for interest-free loans have good credit and repayment ability, have stable jobs and income, and have no bad credit records. Interest-free loans are different from other loans in that they require guarantees and guarantor guarantees.

4. The purpose of the loan. This is the key to the conditions of the interest-free loan. If the purpose of the loan is for project construction or self-employment, then the project is feasible and conducive to the good economic development of the society. Good social and economic benefits.

Extended information

“Zero interest rate” is a loan contract reached between a bank and an individual or organization through mutual trust

A general international private commercial bank Approving interest-free loans,

including bank loans for consumer shopping or further education, etc.

will charge a handling fee of about 1%, which is an income of the bank

At least the administrative fees will be offset, and then the bank will cooperate with the request to add a credit card or various memberships or open a trading account when it comes to interest-free loans.

Process

There is a clear division of labor between various departments for small guaranteed loans. The application is accepted by the labor department, then goes to the guarantee agency for guarantee confirmation, and finally goes to the bank to apply for a loan. "If entrepreneurs want to apply, they can go to the local labor department for consultation. At present, whether the individual will pay the interest first and then receive financial subsidies, or the government will prepay the interest, the relevant plan has not yet been determined, but the financial interest subsidy is certain.

”

Baidu Encyclopedia-Interest-free Loan