The specific interest calculation method is:
1, the national student loan interest rate is implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and does not rise. The current annual loan interest rate is: one year to five years (inclusive): 5.0%; More than five years: 5. 15%.
2. If the loan is repaid in advance, the handling bank will calculate the interest according to the actual term of the loan, and will not charge any other fees except the interest payable. Interest = loan amount * corresponding annual interest rate * loan days /365.
1, commercial student loan
Commercial student loans generally calculate interest at the beginning of the loan, and the calculation method of interest is determined by the lending institution applying for the loan.
2. Student-origin student loan
Student-origin student loans begin to bear interest in September of the year when students graduate. Before graduation, the interest of student-origin student loans is subsidized by the government. For example, an undergraduate student applied for a student-origin student loan on 20 19, with a loan period of 7 years. Then the interest generated from September 20 19 to June 2023 will be subsidized by the government, and the interest generated in September 2023 will be borne by the borrower himself, and the government will no longer subsidize it.
3. National student loans
The calculation method of loan interest of national student loan is the same as the starting date, and the calculation method and time are the same as that of student-origin student loan. ?
It is worth mentioning that both student-origin student loans and national student loans can be repaid without interest, and borrowers only need to repay before August 20 of the graduation year. However, it should be noted that the borrower must submit an application for prepayment to the loan system from July 6, 2006 to August 5, 2005, and repay the loan successfully before August 20, before paying interest.