According to the national interest-free loan policy, the minimum amount of interest-free loans for rural aquaculture is 1 000 yuan, and the maximum amount does not exceed 50% of the total price of aquaculture varieties. The loan application time shall not exceed 3 years. Interest-free loans for rural aquaculture enjoy certain national policies, so the loan interest rate of aquaculture loans is not higher than the benchmark interest rate stipulated by the state.

Cattle loans can generally apply for interest-free loans for aquaculture, which is a form of credit activities that banks or other financial institutions lend monetary funds at a certain interest rate and must return them, in which the interest rate is provided free of charge by banks or paid by the government or corresponding institutions according to agreed conditions.

Interest-free loan application process:

1, loan application

Rural aquaculture loans should fill in the Application Form for Interest-free Aquaculture Loans, and submit a copy of my ID card and marriage certificate.

2. Loan survey

The loan bank can investigate the borrower's information and repayment ability, verify the guarantor's guarantee ability and credit status, conduct on-the-spot investigation on the property ownership, geographical location and liquidity of the collateral, and put forward investigation opinions and submit them to the loan review.

3. Loan review

The aquaculture loan bank verifies the borrower's relevant procedures, and after confirming the efficiency of loan use and the reliability of repayment of principal and interest, puts forward opinions on whether to lend, and puts forward suggestions on the way, amount, term interest rate and repayment method of aquaculture loans, and submits them to the loan review meeting for approval.

4. Lending approval

According to the investigation and review opinions, the lending bank finally makes a decision on whether to lend, as well as the loan method, amount, term, interest rate and repayment method.

Step 5 sign a contract

If the loan is agreed, the lender and the borrower shall sign a loan contract in person. (Note: Both husband and wife of the borrower must be present to confirm their signatures).

6. Lending

The lending bank shall issue loans to the borrower within the time limit stipulated in the contract and transfer the loans to the deposit account or credit card account opened by the borrower in the bank.