The repayment method of student loan is 1, and Alipay repays:
Students can log on to the online service system of China Development Bank's college student loan, and then carry out Alipay real-name authentication, bind personal mobile phones, and determine Alipay's bank card amount. After that, students need to recharge Alipay in time and check the repayment situation in time.
2. Bank repayment:
Borrowers need to bring all materials for student loans, as well as their ID cards and bank cards. After entering the bank, he will go to the staff to collect and fill out the application form, and then go to the counter to go through the repayment procedures. It should be noted that the borrower should remember to submit the repayment voucher to the relevant person in charge.
The interest rate and grade of student-origin credit student loans shall be subject to the benchmark interest rate of the same grade in the same period announced by the People's Bank of China, and shall not rise. Interest is charged every year. The loan interest of students during their school days is fully subsidized by the finance, and the interest after graduation is borne by the students and their parents (or other legal guardians).
Graduates who continue to pursue their degrees during the repayment period may apply for continuing to receive discount. They should promptly provide written instructions to the county-level education departments that organize loans. After examination, it shall be reported to the handling bank for confirmation, and the interest generated shall continue to be fully subsidized by the original discount finance department.
Borrowing students who drop out of school due to illness and other reasons should provide written explanations to the agency, and the county-level education department should apply to the handling bank, and the loan interest during the suspension period will be fully subsidized by the finance.
When and how to repay the student-origin credit student loan, and if the borrower no longer studies for a degree in the year of graduation, he can choose to use the repayment grace period (3 years) when confirming the repayment plan with the county-level education department and the handling bank that organized the loan. During the grace period, he only needs to repay the interest, not the loan principal, and the borrower who continues to study for his degree during the repayment period can still enjoy the grace period for repayment after graduation.
Some students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract after the grace period for repayment of the principal ends.