Guangxi Student Loan 16000 The first year interest is 696. The student loan interest rate is over one year (including one year), 4.35% per annum, 4.75% per annum for one to five years (including five years) and 4.90% for five years or more. The national student loan is the benchmark interest rate of the same grade announced by the People's Bank of China in the same period, and does not rise. The interest on students' loans at school is fully subsidized by the financial sector.