Legal basis: Measures for the Administration of Commercial Student Loans
Article 16 A borrower may directly apply to the lender for a commercial student loan from the place of origin, that is, apply for a student loan, or apply for a commercial student loan at the place where the school is located. However, the lender shall not accept the borrower's repeated application for loans in his place of origin and place of study.
Article 17 When accepting a borrower's application for a commercial student loan, the lender shall require the other party to submit a written loan application, fill in the relevant application form, and submit the following documents, certificates and materials: (1) the borrower's legal identity certificate (including the original ID card, household registration book or other valid residence certificate), and provide a copy of the above documents; (2) Proof of the relationship between the borrower and its legal representative as required by the lender; (3) proof of the economic income of the borrower or his family members; (four) the borrower provides the school's admission notice or admission notice to the new students, and the borrower who is already in school provides the student ID card or other proof of student status; (5) Relevant materials on the total amount of tuition, accommodation and living expenses required by the borrower during his study at school; (VI) If the real estate is used as mortgage, the collateral certificate and the commitment letter signed by the owner (including the co-owner of the real estate) to agree to mortgage (pledge) shall be provided, the collateral shall be submitted with the value evaluation report issued by the institution recognized by the lender, and the collateral shall be provided with the certificate of rights. If the collateral is guaranteed by a third party, the guarantor shall issue a written document and relevant credit certification materials agreeing to undertake irrevocable joint liability guarantee; (seven) the borrower and the guarantor shall personally issue and sign a written authorization, and agree to the bank to inquire about their personal credit information; (8) Other supporting documents and materials required by the lender.
Article 18 After accepting the loan application, the lender shall investigate and verify the information provided by the borrower.
Article 19 Where a borrower applies for a loan at his school, the lender shall also contact the borrower's school as an introducer to do the following work: (1) Recommend the borrower to the lender and conduct a preliminary examination of the borrower's qualifications and application materials. Assist the lender to supervise the use of the loan. (3) When the borrower is missing, dead or loses his full capacity for civil conduct or labor, and in case of suspension from school, transfer, study abroad or settlement, self-leaving school, expulsion, etc., it shall timely notify the lender. And assist the lender to take corresponding measures to protect the creditor's rights. (4) Before the borrower graduates, provide the lender with relevant information such as graduation destination, name of employment unit, residential address, contact telephone number, etc. (five) to assist the borrower to carry out credit education and loan repayment publicity, and explain the procedures and methods of loan repayment; Assist the lender to confirm the repayment of the borrower and collect the loan.