The whole application process is divided into six parts, taking a qualified student as an example:
Step 1: Students apply.
Students apply to their school institutions within the specified time, receive the "National Student Loan Application Approval Form" and other materials, fill them out truthfully and completely, and prepare relevant supporting materials to return to the school's national student loan agency.
Step 2: The school institution conducts the loan preliminary examination.
The school organizes students to apply for loans and accepts student loan applications within the annual loan amount and control ratio issued by the National Student Loan Management Center.
Step 3: The handling bank approves the loan.
The handling bank shall complete the audit within 20 working days after receiving the information form and application materials submitted by the school.
Step 4: Sign a loan contract with the students.
After the loan application is approved, the school will organize students to fill in and sign loan contracts and IOUs within 10 working days according to the loan student roster provided by the handling bank, and submit them to the handling bank.
Step 5: Borrow.
The handling bank shall, within 20 working days after signing the loan contract and receipt with the borrowing students, uniformly transfer the first-year tuition, accommodation and living expenses loans into the designated account opened by the school in the handling bank.
Step 6: Repay the loan.
Students who borrow money should pay attention to their own credit and repay on time after completing their studies with student loans.
China Industrial and Commercial Bank National Student Loan and Commercial Student Loan Handling Process
; ? China Industrial and Commercial Bank of China signed a cooperation agreement with student-origin student loans to support national student loans and commercial student loans, so how should ICBC apply for two types of student loans? The following is the process of ICBC's national student loan and commercial student loan.
government-subsidized student loans
credit terms
To apply for a national student loan, the borrower must meet the following conditions:
1. Honest and trustworthy, law-abiding, well-behaved, no illegal or disciplinary actions;
2. study hard and be able to complete your studies normally;
3. The family has financial difficulties and is unable to pay the basic expenses needed to complete their studies during school, including tuition and basic living expenses;
4. Commitment to the loan handling bank to provide changes during school and after employment;
5. Open a personal settlement account in China Industrial and Commercial Bank;
6. Other conditions stipulated by the bank.
Information to be submitted when applying for a loan
Borrowing students must fill in the application form in writing and submit the following materials:
1. My student ID card and resident ID card;
2 parents and other immediate family members agree to apply for a loan in writing, and their contact information and residence address;
3. I explain the family's financial difficulties;
4 township, town, street civil affairs departments to prove their family financial difficulties;
5. Freshmen must also provide an admission notice;
6. Other information required by the bank.
Treatment process
Make an application. Borrowing students receive the application form from their school, and the school collects all the loan application materials, and after confirming the authenticity of the materials provided by the borrower, submits the loan application materials and the school's audit opinions to the loan bank.
2. Bank review and approval. Banks investigate, verify and approve the credit status of loan applicants.
3. sign the contract. After examination and approval of the loan, the bank shall sign a loan contract with the loan applicant.
4. Issue loans. Banks issue loans according to the prescribed procedures. Tuition loans are directly transferred to the account designated by the borrower's school by the bank according to the academic year; The living expenses loan is transferred to the personal settlement account designated by the borrower.
5. Confirmation of repayment. Borrowing students submit repayment confirmation letters to schools and banks when they graduate, and promise to return the principal and interest of bank loans as agreed in the contract.
6. loan settlement. Loans from other individuals.
amount of loan
The loan amount shall be implemented according to the standard of no more than 6000 yuan per person per academic year.
deadline
The borrower must pay off the loan within 6 years after graduation, in which the loan grace period is 1 to 2 years, but the longest loan period shall not exceed 10 years.
Expected annualized interest rate of loan
The expected annualized interest rate of the loan shall be subject to the benchmark expected annualized interest rate of the same grade loan in the same period stipulated by the People's Bank of China. The loan interest of the borrower during the school period is all subsidized by the finance, and the individual bears all the loan interest after graduation;
Before the student loan is issued, the borrower can agree with our bank on the first repayment date of the loan, that is, between the loan issuance date and the first repayment date. The borrower does not need to repay the loan principal and interest, and the interest generated during this period can be repaid in two ways: interest dilution method and interest repayment method. If repayment methods such as equal monthly principal and interest and average capital are adopted, the repayment principal and interest shall be calculated according to the corresponding formula.
Extended reading:
Application conditions and required materials for personal credit loan business of China Industrial and Commercial Bank
Application conditions and loan amount of ICBC's second-hand personal housing loan
What are the loan products of ICBC? Summary of seven loan businesses of icbc.
Business student loan
Borrower conditions
China citizens with permanent residence in China, permanent residence in local towns (or valid certificates), full capacity for civil conduct and meeting the following conditions may apply for general commercial student loans.
1. Have a proper occupation and a stable source of income, and have the ability to repay the loan principal and interest on schedule;
2. The "Admission Notice" (or "Student ID card", student status certificate) and other documents of the school where the student attends; A certificate issued by the school that students need tuition and fees, living expenses and other related learning expenses during their study;
3. Provide bank-approved property mortgage or effective right pledge or third-party guarantee with compensatory ability or meet the credit loan conditions recognized by the bank;
4. Law-abiding, no illegal acts and bad credit records;
5. Open a personal settlement account in China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;
6. Other conditions stipulated by the bank.
The borrower submits the following information to the bank:
(1) loan application approval form;
(2) my valid identity certificate and a copy;
(3) The original and photocopy of the spouse's valid identity document, and written proof of consent to mortgage;
(4) proof of residential address (household registration book or receipt of rent, water, electricity and gas expenses for the past three months);
(5) Proof of occupation and income (original and photocopy of work certificate; Banks will issue salary passbooks, etc. );
(6) Effective contact information and telephone number;
(7) loan guarantee certificate;
Loan guarantee can be pledge of rights, mortgage guarantee or third-party guarantee.
Where pledge guarantee is adopted, the scope of pledge includes savings deposit certificates (discounted) issued by Industrial and Commercial Bank of China, voucher-type treasury bonds, registered financial bonds, and savings deposit certificates (discounted) issued by local commercial banks that have signed pledge stop payment guarantee agreements between banks;
Where real estate is mortgaged, the mortgaged real estate shall be a house with no other pledged free property rights under the name of the borrower himself or his immediate family members, and full property insurance shall be handled;
If the third-party guarantee method is adopted, the written document of the guarantor's consent to the guarantee, the original and photocopy of the guarantor's identity certificate and relevant credit certification materials shall be provided.
(8) Personal settlement account voucher opened in China Industrial and Commercial Bank;
(9) Other information required by the bank.
2. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures.
3. The bank issues loans to borrowers through transfer.
Credit line/quota/quota/ceiling
The amount of commercial student loans shall be determined by the bank according to the borrower's credit status and the guarantee provided, and the maximum amount shall not exceed 500,000 yuan.
deadline
The shortest loan period is 6 months and the longest is 8 years (inclusive).
Expected annualized interest rate of loan
The expected annualized interest rate of the loan is calculated according to the expected annualized interest rate of the loan in the same period stipulated by the People's Bank of China. In case of expected annualized interest rate adjustment during the loan period, if the loan term is below 1 year (inclusive), it shall be calculated according to the expected annualized interest rate agreed in the contract; If the loan term exceeds 1 year, it will be calculated in stages, and the new expected annualized interest rate will be implemented at the beginning of next year according to the corresponding expected annualized interest rate grade;
Before the student loan is issued, the borrower can agree with our bank on the first repayment date of the loan, that is, between the loan issuance date and the first repayment date. The borrower does not need to repay the loan principal and interest, and the interest generated during this period can be repaid by interest dilution method and interest priority repayment method. If repayment methods such as equal monthly principal and interest and average capital are adopted, the repayment principal and interest shall be calculated according to the corresponding formula. ?
ICBC Student Loan Handling Process
; ? First, the national student loan.
1. Borrowing students receive the application form from their school, and the school collects all the loan application materials, and after confirming the authenticity of the materials provided by the borrower, submits the loan application materials and the school's audit opinions to the loan bank.
2. Bank review and approval. Banks investigate, verify and approve the credit status of loan applicants.
3. sign the contract. After examination and approval of the loan, the bank shall sign a loan contract with the loan applicant.
4. Issue loans. Banks issue loans according to the prescribed procedures. Tuition loans are directly transferred to the account designated by the borrower's school by the bank according to the academic year; The living expenses loan is transferred to the personal settlement account designated by the borrower.
5. Confirmation of repayment. Borrowing students submit repayment confirmation letters to schools and banks when they graduate, and promise to return the principal and interest of bank loans as agreed in the contract.
6. Loan settlement
Second, commercial student loans.
1. After the application materials submitted by the borrower are approved by the bank, both parties sign the loan contract and guarantee contract, and go through the relevant notarization and mortgage registration procedures.
2. The bank issues loans to borrowers through transfer.