The people's Bank of China, together with the Ministry of finance, the State Economic and Trade Commission, the Ministry of labor and social security, jointly formulated the measures for the management of small claims for laid-off workers.

The loan object is: the age is under 60 years old, healthy, honest and reliable, and the unemployed who have certain labor skills.

Loan terms: the laid-off and unemployed people who have the desire for re employment will not be able to apply for commercial laid-off, unemployment insurance, or small loans if they are committed to self employment, start their own business or cooperate and organize their employment.

The funds needed for re employment of laid-off and unemployed persons who have not secured the guarantee of the loan guarantee institutions and the reemployment offer can be applied to commercial banks for general commercial loans, but they can not enjoy preferential policies such as interest on loans and floating interest rates.

The application level of audit is to apply for loan procedures in line with my voluntary application, community recommendation, labor and social security department review, loan guarantee institution examination and promise guarantee, and commercial bank's nuclear loan procedure.

The commercial bank should give the applicant a formal reply within three weeks from the date of receiving the loan application and the eligible information.

The borrower shall use the loan as a start-up fund and a circulating fund for self employment, self employment or partnership and employment.

The amount and duration of loans is generally around twenty thousand yuan.

The term of loan is generally not more than two years, and it can be renewed once, but the period of extension can not exceed one year.

If the loan fails to repay the loan on time, it can only be extended according to the stipulations if the guaranty institution agrees to continue the guarantee. The loan interest interest payable after the extension is not paid by the borrower himself.

Repayment methods and interest bearing methods are determined by negotiation between the two parties.

It can repay debts and pay interest at once, and pay back the capital in installments.

Interest rate and interest discount: to reduce the burden of laid-off and unemployed people, the interest rate of small secured loans is determined by the level of loan interest rate announced by the people's Bank of China. It is not allowed to float upward; the small loans secured by some small profit projects are fully subsidized by the central government, and the interest rate is not increased.

No matter what item is used, the interest rate will not go up.