news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

phoenix finance news: recently, a leaflet about the "renewal loan" of tian'e rural commercial bank (hereinafter referred to as "tian'e rural commercial bank") in hechi city, guangxi province was circulated on the internet.

according to phoenix finance's "banking eyes", "renewal loan" is not a new product, but a basic pension insurance model innovatively promoted by hechi city: "social security + bank" - by borrowing from banks to help people who cannot afford social security pay for social security, and then deduct a portion of the pension when they receive it to repay the loan. this model has been implemented since september 2023.

according to online information, the "renewal loan" launched by tian'e rural commercial bank is mainly aimed at people with difficulties in flexible employment and urban and rural residents with difficulties in living. the maximum loan amount is 80,000 yuan, the annualized interest rate is 3%, and the longest loan term is 10 years. it is not necessary to repay the loan principal before receiving the pension. repayment will start after receiving the pension, and the loan principal and interest must be repaid every month at a rate not less than 65%-80% of the pension received.

screenshots circulated online

phoenix finance's "banking eyes" called tian'e rural commercial bank's xiangyang branch to verify the "renewal loan" issue. the bank teller confirmed that the bank has the "renewal loan" product, but she didn't know the other information and needed to register the relevant information before the loan officer called back. as of press time, no relevant call has been received.

according to the official website of the hechi municipal government, hechi city launched the "renewal loan" policy in september 2023. as of january 26, 2024, 264 people in the city have successfully applied for the basic pension insurance "renewal loan", involving an amount of 2.7639 million yuan, and loans have been successfully issued to 214 people. after hechi city, guiping city in guangxi launched the "renewal loan" in april this year.

the deputy president of anyang branch of du'an rural commercial bank in du'an county, hechi city, told phoenix finance's "banking eyes" that "only locals can apply for 'renewal of insurance loans'. you don't apply at the bank, but at the human resources and social security bureau. you can only apply at the bank after the human resources and social security bureau reviews and signs it."