Financial Services-Zoomlion Agriculture Machinery -Agricultural machinery

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Global

Introduction to Financial Services

It refers to the problem of insufficient funds caused by the one-time payment of payment for agricultural machinery products purchased by end users. Zoomlian and financial institutions provide credit fund support for end users. End users pay each period of arrears in full to financial institutions according to the agreed repayment period. After all arrears are paid at maturity, financial institutions hand over financial products with equipment settlement certificates to users.

Operational framework for financing

-Financing entities: natural or legal person users nationwide;
• Term of financing: 1-3 years;
-Downpayment: not less than 30 per cent of the sale price of the equipment;
Repayment methods: monthly/quarterly equal principal and interest, unequal repayment of principal and interest and other personalized repayment methods;
· Guarantee method: provide at least one natural person with guarantee ability

Qualification of Applicant

1. Access standards for natural person users
· Legal citizens between the ages of 20 and 60;
Have a fixed residence, can provide a valid residence certificate;
· Strong family economic strength and stable income;
· Engaged in the industry or related industry for more than 1 year, with relevant agricultural machinery operation experience;
-The ability to provide a guarantor with a certain financial capacity to guarantee it;

-No bad records such as defaulting on loans from financial institutions and being blacklisted for breach of trust.

2. Access standards for legal person users
· The enterprise is registered in accordance with the law and has the status of a legal person;
-No bad records such as defaulting on loans from financial institutions and being blacklisted for breach of trust;
· the legal representative or the controlling shareholder as the financing guarantor;
· Experience in agricultural production or agricultural machinery operations.

Handling process