Product definition

The loan for urbanization construction project refers to the loan offered by county level cooperatives (hereinafter referred to as loan bank) to the urbanization infrastructure project in the county limit managed by government departments, to be used in various infrastructure constructions in order to improve the production and living conditions within the county territory, and to elevate the economic bearing function of the county, with the investment of government ( appropriation from financial department) or the prospective earnings of the project as the loan repaying source.

Application requirements

In addition to the conditions described in “Interim Administrative Measures on Company Loan of Jilin Province Rural Credit Union ” , the borrower of the loan to urbanization construction project shall meet the following conditions:

(1) As for government-invested project, the document of approval by competent departments shall be needed; as for the project to be approved and filed by competent departments, the document of approval shall be needed; the investment project to be approved by competent departments, the document of approval shall be needed; as for the project that needs an environmental protection permission according to the regulations of the state, the document of approval by competent departments shall be needed; as for the project involving use of land, the document of approval by

Land management department shall be needed; other document of approval to be obtained according to regulations.

(2) The borrower of urbanization construction project loan must have over 30% of his self-owned funds, with clear capital source, which shall be fully funded in proportion to the loan or fully funded before the loan.

(3) Having opened deposit account with the loan bank and willing to accept credit and settlement supervisions;

(4) Other conditions required.

The borrower who apply for the loan for urbanization project with advance expenditure, in addition to the conditions stipulated in article 7, shall meet also the following requirements:

(1) The county to conduct urbanization project with advance expenditure, must have good regional economic and financial environments, including:

1) With high level of regional planning and good prospect for development. The town where the project is located shall have The Overall Plan for Urban Development approved by the people’s government above prefecture level;

2) Having strong regional economic strength and the economy is developing rapidly;

3) The regional government has good financial situation, with reasonable financial debt ratio;

4) The regional finance has strong repaying capacity, with reasonable debt paying plan;

5) With sound social credit system, the local government of the project location has good credit status, with no poor credit record.

(2) The repayment fund of the project loan with advance expenditure must be included into the annual financial budget of the local government, which shall be reviewed and approved by the people’s congress (or standing committee of people’s congress)of the same level;

(3) The borrower shall open basic account or financial regulatory account with the loan bank, accepting the whole-process supervision by the loan bank;

(4) With high level of comprehensive income, through credit aid to promote the development of the assets operation, liability business and intermediate business of the loan bank.