If the loan is approved by the examination and approval, the school will organize students to sign the national student loan contract, and the national student loan will be implemented in the form of one application by the borrower, one examination and approval by the loan bank, single household accounting and installment payment. It usually takes fifteen days to get a loan. ?
Among them, tuition and accommodation loans are paid according to the academic year (period) and directly credited to the account opened by the borrower's school in China Construction Bank; Living expenses loans (no living expenses loans are issued in February and August every year) are regularly transferred to the current savings account opened by the borrower in China Construction Bank according to the contract.
National student loan:
The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy.
The national student loan is a bank loan which is led by the government, subsidized by the finance, and compensated by the finance and universities at certain risks, and jointly operated by banks, education administrative departments and universities.