The "Administrative Measures" (hereinafter referred to as the "Measures") publicly solicited opinions, and proposed that the maximum amount of personal small-sum secured loans is 200,000 yuan, and the loan period is generally not more than 2 years. If the loan expires and the borrower cannot repay it, the counter-guarantor has the obligation to compensate the principal and interest of the bank loan and related expenses in one lump sum.
The term "small secured loan" as mentioned in these Measures refers to the establishment of a small secured loan fund through government investment, and the entrustment of a small secured loan guarantee institution to provide loan guarantee, which will be issued by a small secured loan bank, so as to solve the loan business of various entrepreneurial groups in Guangzhou who meet the loan conditions to engage in individuals, partnerships or start small businesses and labor-intensive, science-based small and micro enterprises.
The "Measures" stipulate that all urban and rural workers who have reached the age of 18 to 60, have reached the legal working age and have full capacity for civil conduct, and are engaged in self-employment, partnership operation or the establishment of small enterprises and labor-intensive and technology-intensive small and micro enterprises in this city, as well as college graduates who have studied in Guangzhou within five years after graduation, can apply for small secured loans from loan banks. However, the maximum amount of personal small secured loans is 200,000 yuan; The partnership can appropriately expand the loan scale according to the number of people, and implement "bundled" loans according to the quota of no more than 200,000 yuan per person and no more than 2 million yuan in total loans.
According to the Measures, the term of small secured loans generally does not exceed 2 years. If an extension is really needed, the borrower will propose an extension. With the consent of the lending bank, it can be extended 1 time according to regulations. The extension period shall not exceed 65,438+0 years, and the interest and overdue penalty interest during the extension period shall be borne by the borrower.