The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.
If the loan is repaid in advance, the handling bank will calculate the interest according to the actual term of the loan, and will not charge any other fees except the interest payable. Interest = loan amount * corresponding annual interest rate * loan days /365. Simply put, you don't have to pay interest when you are still studying until you graduate within one year. Wait until the interest rate is 0.5% one year later, and then repay the loan at the bank or branch.
Assuming that the loan amount applied by the loan student is 8,000 yuan, and the annual interest rate is 4.75%, then the interest for one year is 380 yuan.
According to relevant regulations, the interest on college students' loans is determined according to the benchmark interest rate issued by the central bank. Generally speaking, the interest rate of student loans will fluctuate on the basis of the benchmark interest rate, with a maximum increase of 24%.
202 1 The student loan applied by college students, whether it is a student-origin student loan or a college student loan, only needs to be applied continuously, and the application period is generally more than 6 years. The benchmark interest rate for five-year loans of the State Bank is 4.75%. The interest rates of China Development Bank in different regions are basically the same, and there will be no ups and downs, nor will interest rates rise. The repayment method of college students' student loan is calculated on an annual basis, and the repayment time is-12-20 every year. In the first two years after graduation, college students can choose to pay only the loan interest. From the third year of graduation, college students need to repay the loan principal and interest at the same time. According to the national regulations, during the period of students' study, all the interest of subsidies is paid by financial subsidies. From September of the graduation year 1, bear the loan interest by yourself. If they don't want to pay interest, they can choose to pay it back in full.