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Government Loan Express

2021-01-21

I. About the Product

With risk compensation funds provided by competent government departments at the county level and above, the loan is provided to specific groups of people who are law-abiding, honest and trustworthy, capable of working and with entrepreneurial desires (including entrepreneurial women, the disabled, veterans, entrepreneurial college students, registered poverty-stricken households, etc.) for business purposes such as supporting their entrepreneurship and employment, poverty alleviation and prosperity.

II. About the Service

Applicable users: people who want to start a business, and registered poverty-stricken households.

Line of credit: up to RMB500,000 for a single borrower (up to RMB1 million for the de facto controller of a reemployment partnership) and no more than the maximum line of credit specified by the local government authority.

Term: up to 3 years and no more than the maximum period specified by the local government authority.

Type of guarantee: credit, guarantee, mortgage or pledge.

Interest rate: subject to local policy requirements and the actual local interest rate.

III. Application Channel

Consult PSBC branches that provide credit products or call the customer service hotline 95580.