As we all know, due to various reasons of the current epidemic, the economy of ordinary people is relatively difficult, and many loans overdue are common. Therefore, the state has also begun to relax various credit policies, especially for lenders who have difficulties in housing payment, extending the repayment period and not pushing personal credit information. Under the impact of this year's epidemic, more than10 million college graduates are facing many difficulties and challenges, and many graduates are facing great economic pressure in repaying the principal and interest of the national student loan. No, the state has also introduced a bail-out policy for this purpose. .
The Ministry of Finance, the Ministry of Education, the People's Bank of China and the China Banking Regulatory Commission issued the Notice on Doing a Good Job in Interest-free and Deferred Repayment of the Principal of the National Student Loan in 2022. According to the notice, the loan students who graduated in 2022 and before will be exempted from the national student loan interest that should be repaid in 2022. For the national student loan principal that should be repaid in 2022 by the loan students who graduated in 2022 or before, the repayment can be postponed 1 year upon the independent application of the loan students, with no penalty interest and compound interest, and the risk classification will not be reduced for the time being. In addition, overdue ones are not included in personal credit information.
Moreover, this interest-free adjustment, students do not need to apply, directly handled by the undertaking bank. For loan students who graduated in previous years, the interest on national student loans due in 2022 and the penalty interest arising from overdue loans before 2022 are exempted. Some students in previous graduation years may have repaid the national student loan interest this year, and the undertaking bank will refund the deducted interest to their personal accounts. There is no need to apply for interest-free national student loans, but the deferred repayment of the principal requires the students to apply through the relevant channels of the undertaking bank, otherwise the loan principal will be repaid in default according to the original contract this year. At present, the relevant application channels of the undertaking bank are being opened, and the loan students will be informed in time after opening, so please pay attention to the relevant information!
This notice is simply good news for borrowers of student loans. It is not easy to enter the university and finish school. However, if the personal credit record is affected by loans overdue, all previous efforts will lose value. I hope every overdue student will cherish his personal credit record, which is priceless compared with overdue loan funds and interest. On the other hand, it also shows the country's concern and attention to the employment of key groups such as college graduates.
From this adjustment, we can see that the current employment problem is more severe, especially graduates, who are already a part of the economically disadvantaged groups. If a relatively loose credit policy is not introduced, their confidence will be severely hit and their studies will be affected. Some graduates have not entered or are about to enter, and all aspects of preparation are not ready yet. Therefore, the introduction of this policy is really timely, and I hope that more will be introduced in the future.
What does an interest-free loan mean?
Interest-free loan means that after the user applies for a loan, he only needs to return the loan principal according to the repayment plan, and the loan interest does not need to be returned by the lender. For example, student loans, interest-free loans for students during school, or interest-free loans in installments launched by 4S stores. During the repayment period, the user only needs to return the loan principal. Therefore, users can apply for interest-free loans and apply as much as possible.
Because loans are interest-free, such loans are usually on credit, and users' failure to repay on time will also affect their personal credit.
Under what circumstances can banks reduce loan interest?
Under normal circumstances, if the enterprise goes bankrupt or is really unable to repay the bank debt for other reasons, the interest on the loan principal can be reduced or exempted with the approval of the superior.
I Article 49 of the Provisional Regulations on the Administration of Banks in People's Republic of China (PRC) stipulates that "no unit has the right to exempt loans without the approval of the State Council". The loan here includes not only the loan principal, but also the loan interest.
Therefore, unless otherwise stipulated by laws, regulations and policies, no unit (including financial institutions) may waive the loan principal, loan and interest, or reduce loan interest.
2. According to Article 42 of the Interim Regulations on the Administration of Banks in China, People's Republic of China (PRC), the head office of a specialized bank enjoys a certain interest rate floating right, and matters within the scope of the interest rate floating right of the head office of a specialized bank can be decided by itself.
Extended data
Loan interest calculation formula
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1, daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30.
2. Monthly interest rate (‰) = annual interest rate (%)÷ 12.
(two) banks can use the product interest method and the transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:
Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:
If the interest-bearing period is a whole year (month), the interest-bearing formula is:
(1) interest = principal × annual (monthly )× annual (monthly) interest rate.
If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:
(2) Interest = principal × annual (monthly) × annual (monthly) interest rate+principal × odd days × daily interest rate.
At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is as follows:
(3) Interest = principal × actual days × daily interest rate
These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.
(3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.
(V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.
Refer to Baidu Encyclopedia-Interim Regulations on Bank Management in People's Republic of China (PRC).