“Shandong Rural Credit Co., Ltd. can borrow up to 50,000 yuan to buy peasants for rural vehicles. Is it possible for farmers in Guangdong to borrow?†A few days ago, he read the report of Southern Rural News, “Can't Buy a Home Loan to Help You?†Later, Liang Quanfeng, a farmer from Hengli Town, Nansha District, Guangzhou, called the Southern Rural News reporter.
Seeing that people in the same village have successively received a subsidy for the car to the countryside for several thousand yuan, Liang Quanfeng was in a hurry. After all, it was only less than half a year from the end of the subsidy policy. Liang Quanfeng, anxious to buy a car to make agricultural products wholesale, touched his empty pocket and sighed.
Dealer
A failed car loan attempt
“The farmers who want to lend are indeed many, but because many farmers use the car as a production tool, the insurance company does not want to pay a high rate of claims.†Hu Zhaoxi, a car dealer in Zhaoqing City, admitted that this phenomenon is in tantalizing with the urban car loan market. There is a world of difference.
In 2002, Hu Zhaoxi tried to cooperate with banks and insurance companies to make micro-credit loans. Half a year later, the insurance companies ended up losing money because of high profits. To date, no insurance companies and banks have joined forces to carry out this business.
Hu Zhaoxi told reporters that the main reason why banks are reluctant to provide loans is because they fear that the peasants will not be able to afford them, resulting in bad debts and bad debts. If the public buys a car, the bank will earn interest and fees, of course, willing to lend.
To apply for a car loan, fixed assets must be used as collateral. The farmer's house is not a commercial house and cannot be used as a property mortgage. Therefore, general car dealers will advise farmers to use the purchased vehicle as collateral. However, according to the requirements of the bank for the mortgage insurance, the insurance period must not be shorter than the loan period, and the insurance amount must not be lower than the sum of the loan principal and interest. At the same time, the bank is entitled to the priority of the insurance policy, and the insurance policy must not have any restrictions that impair the bank's rights and interests. If the collateral provided by the purchased vehicle provides guarantees, the bank will require the collateral to be insured against at least vehicle damage insurance or stolen emergency insurance.
“In this case, the insurance premiums for the whole car insurance plus bank fees will require farmers to pay an extra 3-4 thousand yuan. Plus the loan interest, it is not worthwhile. Even if farmers are willing, banks and insurance companies are reluctant,†Hu said. Said it all the time.
“Because the agricultural industry depends on heaven for food, farmers have no stable income, no fixed assets as collateral, banks are skeptical of the ability of farmers to repay, and do not want to take risks.†Hu Zhaoxi analyzed that the prices of micro- and micro-cards are not high enough. The guarantee company's profits are less guaranteed, so there are few guarantee companies that are willing to cooperate with car dealers.
Zhaoqing Fodi
Free Mortgage Loan for Farmers
At present, the main manufacturers of cars to the countryside, such as Chang'an, Changhe, Hafei, etc., have not yet launched car consumer credit business. Light trucks, Jiangling, Jianghuai and other light-card manufacturers also said that 30,000-100,000 yuan models generally do not apply for loans to buy cars, and some manufacturers even require more than 150,000 yuan to be handled. For most of the models in the countryside, car loans are basically in the blank, and Foday may be an exception.
Adjacent to the transit highway in Zhaoqing City, the advertisements in the Foday store are particularly eye-catching: free mortgage loans.
"Like we provide car loans to farmers, it is indeed rare in Zhaoqing." The general manager of Zhaoqing Fodi dealership, Zhiwen, told reporters that the store, in cooperation with the four largest banks, could provide farmers with 70 percent of the total car price, without mortgage. The peasants can pay 30% of the vehicle's price, and the vehicle registration certificate can be used for notarization. The loan interest is the same as the bank loan interest. The loan repayment period can be divided into three years and five years.
"A lot of farmers came to lend a helping hand for sales, and the automobile-to-country policy has started to provide farmers with mortgage-free car loans for two months, and sales have risen significantly," said Zhiwen.
"Of course, companies hope that farmers can apply for mortgage-free car loans, but the financial sector needs cooperation." July 8, General Motors Co., Ltd., general manager of Guangdong Fordy Motor Co., Ltd. Jiang Guoyi told reporters.
Rural Credit Cooperative
Study the feasibility of car loans as soon as possible
“A few days ago, a Luoding peasant bought more than 20,000 yuan worth of cars and bought 5,000 pieces, but he was sorry to have left. If farmers can easily apply for car loans like the citizens, the rural policy can be truly Hui Nong."
A few years ago, major commercial banks were once the main force in the car loan market. However, due to the frequent occurrence of bad debts and fraudulent loans, except for a few banks such as SDB, commercial banks basically withdrew from the car loan sector. Since the beginning of this year, the auto loan market has matured and the controllability of risks has been improved. Therefore, major banks have vigorously promoted auto loans, but still do not include unsecured loans to farmers.
A person in charge of a rural credit cooperative revealed to reporters: "Banks and credit unions must also consider their own interests. Generally, they are fully audited, and they have high demands on consumers' credit qualifications. They mainly target teachers and civil servants. , doctors and other groups, and the risk of lending to farmers is high, after all, farmers do not have stable jobs and income, so in general we are reluctant to provide loans."
For Shandong Rural Credit Cooperative’s practice of handling household appliances to the countryside and cars to the countryside for consumer loans, Xie Fuguang, director of the Provincial Rural Credit Co., Ltd.’s Zhaoqing office, said that this approach is very new. He believes that as long as farmers have a steady source of income, they can follow suit. . "There will be a certain number of breeding households like Deqing, Gaoyao, and IV. Of course, they can apply for loans from rural credit cooperatives."
"The policy of car going to the countryside will be over by the end of the year. We will hurry up studying the time," Xie Fuguang told reporters.
“Since the country has established a policy for the automobile to the countryside to benefit farmers, can the government cooperate with banks to provide us with discount loans?†Liang Quanfeng said. He believes that even if they can apply for a loan, the interest rate is not a small amount for micro- and light trucks whose price is not high.
"If the loan is short-term, I can only buy a used car," said Liang Quanfeng, a farmer in Hengli Town, Nansha.
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