The interest rate policy of the national student loan and the student source credit student loan is: the benchmark interest rate of the same grade in the same period announced by the People's Bank of China will not rise. The interest of students during their school days is fully subsidized by the finance. The interest actually repaid by students after graduation shall be implemented according to the interest rate of the same period of the year. 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. In case of interest rate adjustment, it shall be implemented in accordance with the relevant provisions of the People's Bank of China. The same is true for student-origin student loans.

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): 5.40%; Three to five years (inclusive): 5.76%; More than five years: 6.23%.

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.