I will only give you money when I need it!

Second, do students who apply for student loans need to go through any formalities in the second year?

I did it once, but later I thought it was too much trouble, so I didn't do it again. It is said that it is the same as the first time.

Third, do you still need to apply for a student loan in the second year?

In the second year, you should apply for a student loan, because the student loan is issued annually, and you can only apply for one academic year at a time, with the maximum amount of 12000 yuan. However, in the second year after the first loan is passed, only the loan will be renewed, and there is no need to re-examine the qualification. Either the student himself or the borrower can bring the signed renewal application form to the county financial aid center, or sign the renewal contract online in the student online system. Legal basis: "Several Opinions of the Supreme People on People's Trial of Lending Cases" Article 6 The interest rate of private lending may be appropriately higher than that of banks, and people in various places may grasp it according to the actual situation in their own regions, but the maximum shall not exceed four times (including interest rate) of similar loans from banks. Beyond this limit, the excess interest will not be protected. What are the requirements for the guarantor of college student loan? 1. The borrower's parents or legal guardians must have the same household registration as the borrower himself before entering school; 2. If the parents of the borrowing students lose their ability to work or have capacity for civil conduct due to special circumstances such as disability or illness, other immediate family members of the borrowing students can be used as * * * borrowers; 3. If the borrower is an orphan, the borrower is another legal guardian, or a natural person with full civil capacity who voluntarily shares the repayment responsibility with the borrower. 4.* * * If the borrower is not a parent, it must be between 25 and 60 years old; 5. If * * * has applied for a student loan before and has not paid it off, it cannot be used as a * * * borrower of other borrowing students.

4. What procedures do I need to go through after I pay off the student loan from China Development Bank in one lump sum?

If you apply every month (except 1 1- 10), please deposit the money in your personal account before 15, and deduct it on the 20th. Early repayment requires paying off all outstanding debts of the contract in one lump sum. Borrowing students must apply for new student loans in the student system of China Development Bank or apply to the teachers of the local county financial aid center before 10 every month. You can apply to the county-level funding center to pay off all the outstanding principal and corresponding interest of the student loan at one time. You can also apply for prepayment of part of the principal (which must be above 500 yuan and be an integer multiple of 65,438+000 yuan) and corresponding interest. After the application, you need to go to the nearest county-level financial aid center or university financial aid center as soon as possible to use the special POS machine for student loans to brush the debit card for repayment or use Alipay APP for repayment. The system will determine the corresponding interest settlement date and interest amount according to the application time (interest is calculated to the interest settlement date). Extended data:

Overdue repayment can be from 1, 1 to 1 to 20, 1 1 to 12 to 20. After starting to repay the interest, if 65438 fails to repay in time on February 20th of that year, it will be regarded as loans overdue. After the repayment of the principal is started, the overdue principal will be charged with penalty interest at the current interest rate 130%. 2. According to the relevant provisions of the National Credit Management Regulations, after the overdue loans are settled, the relevant bad records will be kept for 5 years. In order to find a job, go abroad, spend money, get a credit card, get a mortgage and a car loan, and overdue loans. 3. Students who fail to repay the loan as agreed, have been in arrears for more than 1 year, and do not actively contact the county-level financial aid center have the right to publish their names, ID numbers, graduation schools, breach of contract and other information in the news media and online information channels, without informing themselves according to the loan contract. Note: (1) prepayment requires paying off a contract in one lump sum, and partial prepayment is not accepted. (2) From June 1 to June 1 every year, you can apply for prepayment before 10, and the interest will be calculated until the 20th of the current month. Applications made after the current month 10 shall be regarded as applications for early repayment next month, and the interest shall be calculated until the 20th of the following month. (3) Before 15 of the current month, the full amount of funds shall be recharged and deposited into the personal Alipay related account for repayment. If the funds are insufficient, it will be deemed as an automatic waiver of the application for early repayment, and the application can be continued next month without overdue treatment.

China Development Bank-Repayment Guide