Is it true that the student loan is interest-free in 2023?
The interest-free student loan in 2023 is true, which is the official notice of the Ministry of Finance of People's Republic of China (PRC). Interest-free student loans refer to students who have graduated in 2023 and need to repay the interest on student loans. If they need to repay the principal and interest in 2023, they can only repay the principal.
For example, Xiao Ming applied for a student loan in college and graduated in 2023. Therefore, the interest on the student loan that Xiao Ming needs to repay in 2023 need not be repaid, which will not cause any overdue or adverse effects.
(Source: Ministry of Finance of People's Republic of China (PRC))
Notice on Interest-free Repayment of National Student Loan in 2023;
The first is to exempt the national student loan interest that should be repaid by loan students who graduated in 2023 and previous years. According to the national student loan discount policy, the exempted interest is borne by the central finance and local finance respectively.
Second, for the national student loan principal that should be repaid by the loan students who graduated in 2023 or before, the repayment can be postponed 1 year upon the independent application of the loan students. According to the relevant regulations, the longest loan period is no more than 22 years, and the deferred loan is not subject to penalty interest and compound interest, and the risk level will not be lowered temporarily.
Three, the national student loan undertaking bank shall submit credit information according to the adjusted loan arrangement, and adjust the submitted information.
The interest-free student loan in 2023 is introduced above, and I hope it will help you. The interest rate of individual student loans shall not be lower than the benchmark interest rate of RMB loans of the same grade published by the People's Bank of China 10%. Please consult your local credit network for details.