A microloan is a small amount of money that is issued to a single borrower. There are many types of micro-loan products in the Postal Savings Bank. Different types of loan products have been launched for different loan targets. In addition to traditional micro-credits and innovative micro-credit loans, there are also agricultural loans, professional social loans, and family farms. (Professional big family) loans, benefits of agricultural property loans, etc.
family farm (professional big family) loan
refers to the bank's commercial operating loans issued to new business entities such as family farms (professional big households). The maximum loan amount can reach 5 million. The loan secured by credit or natural certificate should not be lower than the benchmark interest rate by 50%. The loan with the remaining guarantee method should not be lower than the benchmark interest rate by 10%. The loan term generally does not exceed 2 year.
Professional Social Loan
Refers to the bank's separate operating loans to the actual controllers and members of the professional society. The maximum amount of loans can reach 10 million. The lower limit of the loan interest rate is 30% of the benchmark loan interest rate, and the loan term generally does not exceed 2 years.
Huinong Property Rights Loan
refers to the micro-credit provided by the bank to the “three rural” business entities and directly mortgaged by the land contractual management right as the main guarantee method. The maximum loan amount shall not exceed 50% of the value of the mortgage assessment of the land contractual management rights provided by the borrower, and shall not exceed 2 million. The maximum loan interest rate shall not exceed 30% of the benchmark interest rate, and the loan term shall generally not exceed 2 years.
Small-scale loans for aquaculture industry - for the micro-loans issued by our clients in the four major fish farming industries. The loan amount can be up to 300,000, the loan interest rate is 12%, and the loan term is up to 2 years.
Blood Orange Fruit Farmers' Micro Loan - A small loan for customers engaged in blood orange fruit growing in Zizhong. The loan amount can be up to 100,000, the loan interest rate is 12%, and the loan term is up to 2 years.
Ginger Farmers' Micro Loan - For me Weiyuan's small loans for ginger growing customers. The maximum amount can reach 200,000, the minimum loan interest rate is 10%, and the loan term is up to 2 years.