You've come to the right place to know the rural credit union's loan process. You might wonder if you could get a loan from the bank that day? Just tell you the answer: It's impossible. Rural credit unions have put in place a number of procedures to confirm your application and to determine that you are a eligible borrower, which takes some time. Depending on your credit position, the willingness to repay, and the circumstances of the guarantee, they make a comprehensive assessment and then decide whether to grant you a loan. In general, the speed of approval for rural credit unions is still strong, with results for 2-10 working days。

Can you lower the loan for the day

So who can apply for loans from rural credit unions? First, they are between the ages of 18 and 60 and have full civil capacity. Secondly, you must be a resident of the place of application or at least have a valid residence permit. Also, your credit records must be good, and there must be no bad repayment history or any irregularities. In addition, you should have a stable job or business income to ensure sufficient repayment capacity. As for assets, you need legal assets or property that can be used to provide collateral or security. Finally, you have to establish a basic account or a general deposit account in a rural credit union。

Of course, specific conditions may vary depending on the type and amount of the loan. You can consult your local rural credit union employees according to your actual situation and needs。