Why would peasants prefer to borrow money from individuals rather than from banks?

Money is not to help the poor, and to borrow money, I believe that many people do not have to borrow and are not willing to pull down their faces.

In today's society, borrowing money is a particularly difficult thing to open your mouth, sometimes many people would rather choose to mortgage their own real estate, postpone repayment rather than bow their heads to borrow money from relatives and friends, once it comes to the problem of money, it is easy to affect personal interpersonal relationships. But in rural areas, people are more willing to borrow from individuals than from banks.

First of all, the countryside is mainly influenced by traditional ideas. For thousands of years, neighborly relations have been maintained by helping each other, and the relationship between neighbors in rural areas is far closer than urban people imagine. In the countryside, when everyone encounters difficulties or needs emergency relief temporarily, they are all relatives, friends and even neighbors, and this is often the nature of mutual assistance, this time I will help you, next time you will help me, so in essence, there is a unity atmosphere of "mutual help and mutual assistance" among the people.

Secondly, most people are reluctant to open their mouths to borrow money, and the timeliness is relatively high. Generally, it is not difficult to open your mouth when you need money urgently, of course, here is a temporary block for those who reach out to the party, they are short of money at any time and can pull down their faces at any time to borrow money. Personally, if you really have money, you can complete the borrowing behavior quickly, and it will be about a working day.

Generally, rural personal loans are small and multiple, but borrowing from banks has a process to go through and takes a long time, while borrowing a small amount of money through the bank process is relatively cumbersome and time-consuming.

Thirdly, there are more bank borrowing conditions. Generally speaking, bank borrowing requires a certain amount of collateral or a guarantor, and banks with assets with low valuations may not be able to see it, and it may not be able to borrow enough money. At the same time, the bank has to charge a certain amount of interest, if it is a consumer loan without collateral, the interest will be higher, and for rural personal lending, the loan between individuals mainly depends on the trust and emotion between neighbors and relatives, and the interest is relatively low or even no interest.

In the end, the repayment time of the individual is discussed and the bank does not. Banks repay loans on time, while personal loans are relatively flexible, and if the creditor does not continue to use the money and both parties can reach an agreement, the repayment can be appropriately overdue, while the bank cannot. If there are multiple overdue repayment behaviors, it will rise to the credit reporting system, and even affect the later loan transaction behavior.

On the whole, this is a kind of mutual help between rural residents to "communicate feelings", and it is also a way to borrow money that can reduce interest and time costs.

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2. Information requirements: During the application process, you need to provide your second-generation ID card and your debit card. Note:

The application is only supported by debit card, and the application card is also your borrowing card. My identity information must be the second-generation ID card information, and I cannot use a temporary ID card, an expired ID card, or a first-generation ID card to apply.

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The process of borrowing money from individuals is particularly convenient, but if you borrow money from a bank, the procedures are very troublesome, especially if the farmers have no knowledge and no culture, and they are more resistant to this aspect.

The main reason for borrowing money from banks is that it is too troublesome, the peasants do not have a high level of education, and the procedures are too cumbersome. It's a little more convenient to borrow money personally.

The main reason is that farmers think that the procedures for borrowing money from banks are too complicated and cumbersome, while borrowing money from individuals is relatively simple.

Because farmers do not have the awareness to borrow money from banks, they always feel that it is easier to borrow money from relatives and friends.

Because you borrow from a person, you can repay it later, and the interest can be given less or not at all, but if you borrow from the bank, you must repay it regularly, and the interest is still high.

The procedure of borrowing money from the bank is too cumbersome.

If you borrow a lot of money from the bank, then you need to have collateral, and the farmers generally have no savings and property, so even if they go to the bank to borrow money, it may be in vain. Another reason is that Xiao Bank needs to pay interest on borrowing money, but if it borrows money from individuals, it rarely needs interest in the rural environment.

The main reason is that the bank's borrowing procedures are more troublesome, many farmers do not know how to operate, and they have to charge interest, so farmers are not willing to borrow money from the bank.

At present, many rural people are relatively backward in their ideological concepts, and they believe that the procedure of borrowing money from banks is more complicated, and they also have to repay high interest rates. So the first thing that came to mind was to borrow money from friends.

In fact, there are several reasons for this, the first is that if you go to the bank to borrow money, the procedures will be very troublesome, and you need to have a certain amount of collateral, and the economic conditions of farmers are generally not particularly good, and there are not too many valuable things, so there is nothing to mortgage. In this case, the bank will not necessarily give you the money, and even if it does, there may be a lot of requirements and special trouble.

Moreover, borrowing money from the bank requires paying a certain amount of interest, which is also a considerable expense for farmers, so everyone is naturally reluctant to borrow money from the bank. If you borrow money from relatives and friends, you generally don't have to pay interest, and you can pay it back when you want. If you borrow money from the bank, then it is not so easy to talk about, and it is stipulated that you must pay it back when you want.

When the money is returned, invite a friend to dinner, and then thank you, basically there will not be too many things, but there is no such trouble for the bank, sometimes if you are financially well-off and want to pay back the money in advance, then the bank may also charge liquidated damages, because you have not borrowed for so long. This is really very cumbersome for farmers, and some people don't understand the twists and turns at all, so how can they borrow it casually?

And if you are in a hurry to borrow money now, you need a lot of procedures to go to the bank to borrow, not to mention whether you can borrow it, even if you can really borrow it, it will take a long time, if you are in a hurry, how can you have so much time to wait? If you borrow money from a relative, they will give it to you directly, which will be much more convenient. What's more, not everyone can borrow money, and if you don't have a certain amount of assets as collateral, there is no way to borrow money from the bank.

This is because farmers think that bank loans are a very troublesome thing, they need to complete various loan procedures, and the repayment time is fixed, and there is not enough economic income to support the bank's repayment on time, which is the main reason.

Because there is no interest on borrowing money in this way, it is more stable, safer, and can avoid some routines.

There is no need to pay interest when borrowing money from relatives and friends, and it is more convenient to borrow money from relatives and friends, and the income of farmers is not particularly stable, and if they go to the bank for loans, it is particularly easy to become a laid-back.

Summary. Pro, you can repay the loan in installments.

The Agricultural Search Bank can apply for a loan, but the borrower must meet the loan requirements stipulated by the Agricultural Bank of China. At present, ABC provides a variety of loan types for borrowers to choose from, the main ones are personal housing loans, personal hardship loans, and personal entrepreneurship loans.

Hello! Can I repay my loan every month?

I have a job. How much does it cost in a month?

Is it okay to apply for a loan of 50,000 yuan?

Dear, the loan still needs the credit of your Agricultural Bank, and you still have to ask the staff about this.

Can I repay my loan every month?

Pro, you can repay the loan in installments.

50,000 not much, the last one.

Pro-uh-huh repayment every month, installments are also available.

Hahaha, dear, this really needs to be explained by the bank staff. That's right.

Summary. Of course, you can borrow money! 珞

Of course, you can borrow money! 珞

Oh, can you borrow 50,000 yuan? Monthly instalments?

Did you ask my little cutie yesterday?! I was so pleasantly surprised! You are the second good sister who took the initiative to pay for my consultation! 

Oh. Is it okay to borrow 50,000 from the bank?? How much is the monthly instalment?

It would be nice to pay about 156 yuan a month.

OK. Oh, other information you don't need? As long as the ID card goes through the formalities?

Today the Agricultural Bank is closed, and today is Saturday.

Actually, I feel a little sorry for you! I already gave you the answer yesterday! It's a bit of a waste of your money if you spend it again! 珞

Oh how to answer? Please advise.

ID required.

You can go on Mondays.

Proof of income issued by the employer.

Proof of residence permit, bank card flow, credit information in the past six months and good.

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Summary. Absolutely.

Absolutely.

In the future, your friends and family will come to my homepage if they need it! You must pay attention to my number first! Become a fan of mine! and continue to pay to consult me! , I am your professional all-round psychologist and emotional mentor! 珞

Hello! Ask you something, is it okay to borrow money from the Agricultural Bank of China?

Is it okay to apply for a loan of 50,000 yuan?

Can I repay my loan every month? How much does it cost in a month?

Yes. I have a job, how much do I repay in a month?

More than 150 yuan per month

It is more than 150 yuan a month

In the future, your friends and family will come to my homepage if they need it! You must pay attention to my number first! Become a fan of mine! and continue to pay to consult me! , I am your professional all-round psychologist and emotional mentor! 珞

Yes, it is good to repay the loan in installments every month.

Summary. OK.

The Agricultural Bank of China can apply for loans, but the borrower needs to meet the loan requirements stipulated by the Agricultural Bank of China. At present, ABC provides a variety of loan types for borrowers to choose from, the main ones are personal housing loans, personal consumption loans, personal business loans, etc.

Can ABC borrow money?

Yes, the Agricultural Bank of China can handle the loan, but the borrower needs to meet the loan requirements stipulated by the Agricultural Bank of China. At present, ABC provides a variety of loan types for borrowers to choose from, the main ones are personal housing loans, personal consumption loans, personal business loans, etc.

Can I repay my loan every month? By stages.

I have a job, how much do I repay in a month?

Can I apply to borrow 50,000 yuan? Not much for the last time.

Don't use anything else, personal consumption is voluntary.

Depending on your credit situation, you can generally apply for 50,000 yuan, and the specific amount of repayment is based on the terms of the contract signed at the time of borrowing.

Monthly instalments are OK.

Yes, you can also pay only the interest first.