1. How to apply for a student loan

1. Application conditions National student loans are applicable to the People’s Republic of China (excluding Hong Kong Special Administrative Region, Macao and Taiwan) Full-time undergraduate and junior college students who have financial difficulties in higher education institutions in various regions. Students who apply for loans at the same time should also meet the following conditions: ① Have full capacity for civil conduct (minors must have written consent from their legal guardian); ② Abide by the law and have no violations of laws and disciplines; ③ Have good academic performance; ④ Be in school The income earned during the period is not enough to cover the basic expenses required to complete the studies (including tuition fees and basic living expenses); ⑤ be honest and trustworthy; ⑥ be able to provide guarantees that meet bank requirements; ⑦ open current savings properties at the Industrial and Commercial Bank of China; ⑧ comply with the "China Other conditions specified in the Trial Measures for the Administration of National Student Loans of the Industrial and Commercial Bank of China.

2. Application Procedure Students applying for loans should submit a loan application to their school with their valid documents within 10 days before and after the start of the new school year (loan applications should be submitted directly to the relevant departments of the school and banks will not accept them directly. Students' personal loan application), obtain the national student loan application form, the national student loan application commitment letter and other relevant materials, and fill them out truthfully. The school will review the qualifications of students applying for loans based on the difficulties of current students and the loan amount determined by the state. After submitting it to the handling bank for review and approval, the bank will sign a loan contract with the student. For some families who are particularly financially difficult and unable to Students who provide guarantees can apply for loans for extremely needy students. After the school submits the application to the student loan management department for approval, the handling bank will handle the loan procedures in accordance with regulations.

Students applying for loans must also truthfully provide the following materials:

① His/her valid ID card and copy (minors must provide the valid ID card of their legal guardian and the person who agrees to the loan) Written proof)

② Provide proof of income of main family members or proof of income obtained from other sources.

③ If a natural person guarantee is used, the guarantor must provide the household registration book, valid ID and copy, work unit, contact information, income certification materials and proof of agreement to guarantee the borrower: Enterprise legal person guarantee is used If a guarantee is provided, a copy and copy of the guarantor's corporate legal person business license, recent financial statements of the previous year and proof of agreement to guarantee the borrower must be provided; if a pledge guarantee is used, a list of pledges and pledges must be provided; if a mortgage guarantee is used, A list of collateral and proof of ownership of the collateral must be provided.

2. Loan Amount and Recovery

The amount of the student loan is determined based on the following formula: Student loan amount = Tuition fees charged by the school Basic living expenses stipulated in the city where the individual is located - Individuals can Income (including income provided by family, income provided by society and other sources of assistance). Among them, the maximum loan amount for tuition fees shall not exceed the tuition fee charging standard of the school where the borrowing student is located, and the loan amount for living expenses shall not exceed the basic living expenses standard in the area where the school is located. Since the tuition fee charging standards of each school and the basic living expenses standards of each region are different, the maximum amount of student loans is not exactly the same. Under normal circumstances, the annual upper limit of student loans is 8,000 yuan.

The interest rate of national student loans is based on the legal loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. 50% of the interest on national student loans borrowed by students will be subsidized by the state finance, and 50% will be borne by the individual student.

The student borrower and the handling bank should agree on the repayment method and time when signing the loan contract. The order of installment repayment should be the loan item first, repayment first, one by one. The repayment method is quarterly installments of principal and interest. The repayment time starts no later than the first year after graduation and must be paid off within 4 years after graduation. The 50% portion of the loan interest that should be personally borne by the borrowing student shall be subject to "interest followed by principal payment". When the loan principal is returned, the loan interest for the same period shall be paid at the same time. Borrowing students can repay the loan principal and interest in advance in one lump sum or in installments after negotiating with the handling bank. When repaying a loan, the student borrower should deposit the loan principal and interest into the original current savings account before the agreed repayment date, and the handling bank will actively deduct it from the account on the agreed repayment date.

If the student borrower fails to repay the principal and interest of the loan as stipulated in the contract, the handling bank will issue a reminder notice to the student borrower, investigate the liability for breach of contract in accordance with the law, and charge penalty interest.

Students who borrow money should go through the repayment confirmation procedures with the handling bank before graduation, and re-go through the corresponding guarantee procedures according to the requirements of the handling bank. The loan guarantee method is guaranteed. If the borrower has made it clear where he will go after leaving school, he should submit to the loan bank the "Letter of Commitment to Assist the Industrial and Commercial Bank of China in Collection of National Student Loans on Schedule" issued by the receiving unit. The receiving unit will be responsible for assisting in collecting the national student loan on schedule. Collection of loans. If the borrower completes the confirmation procedures or submits the above-mentioned materials, the school may postpone the graduation procedures.

Once a student loan amount is determined, it generally remains unchanged during the loan term. If you request to suspend the loan midway, the borrowing student can apply to the handling bank through the school to suspend the loan disbursement. If additional loan amount is required under special circumstances, additional loan and guarantee procedures can be handled separately.

If a student needs to transfer to another school during the loan period, the school and the handling bank will complete the debt transfer procedures for the student loan with the school to be transferred and the corresponding handling bank, or after the student repays the loan. Only after the principal and interest of the loan have been paid off can the school where you are currently go through the relevant transfer procedures.

At the same time, during the period of using the loan, if the borrower violates the relevant regulations of the handling bank, the borrower commits illegal and disciplinary acts, the borrower drops out of school, drops out of school, is expelled from the school, has his student status canceled, or is stipulated in the contract. For purposes such as using loans, the handling bank may stop disbursing the loan and may require the borrower and guarantor to repay all principal and interest of the loan within the specified time.