Current location - Loan Platform Complete Network - Bank loan - Because Shengyuandi Loan has changed majors, the major is still the same as before, and the loan renewal contract has been signed. Can it be used for the current major?
Because Shengyuandi Loan has changed majors, the major is still the same as before, and the loan renewal contract has been signed. Can it be used for the current major?

For students who have signed a loan renewal contract for their place of origin, even if they change majors, as long as the new major is still within the scope of higher education institutions specified by the state, the contract can usually continue to apply. Students applying for loans need to be Chinese nationals, be honest and law-abiding, and have been officially admitted to a full-time university. The loan period can be up to 14 years, and the interest will be subsidized by the government during the academic period. There will be a grace period of two years after graduation, after which the principal and interest will be repaid in installments according to the contract.

If the student continues further studies or the schooling lasts for more than 4 years, the period for self-payment of principal and interest after graduation will be shortened accordingly. It is worth noting that the interest during the loan period is fully subsidized by the finance department while the student is in school, and will be borne by the individual after graduation. In addition, the state also provides risk compensation for credit-based student loans in the student's place of origin to ensure loan safety.

In summary, as long as the new major meets the loan conditions and the loan contract does not make special provisions, there is generally no problem with the applicability of changing majors to renewing the loan contract. However, you need to refer to the terms of the contract for specific circumstances. If you have any questions, it is recommended to consult the loan issuing agency or the relevant school department to obtain accurate information.