How long does it take to approve a student loan?

It takes about 20 days to review a student loan. After the review is completed, a loan contract will be signed and finally disbursed to the school's designated account. The general student loan process is for students to apply. Receive the National Student Loan Application Approval Form and other materials, fill them out truthfully and completely, prepare relevant supporting materials and submit them to the school’s National Student Loan Agency.

The materials to be prepared include: student ID card, original ID card and its copy, certificate from the civil affairs department regarding family financial difficulties, official seal required, and other materials required for national student loans. Then students need to go to the National Student Loan Information Network, register their personal information, and then download the loan application form. Generally, schools will prepare it for students who want loans. The qualification review unit for the application form is the graduating high school, village (neighborhood) committee, township (township) A unit of the subdistrict) civil affairs department will conduct a qualification review and stamp the official seal.

The maximum annual loan amount for each student cannot exceed 6,000 yuan, and the minimum cannot be less than 1,000 yuan. The specific loan amount is determined by the bank and the provincial funding center. After the contract is signed, you can wait for the review. The school will conduct a preliminary review. After the review is completed, it will be submitted to the bank for review. Finally, the loan will be released to the account designated by the school. This process takes about 20 to 30 days.

How long does it take to approve a student loan from the student’s place of origin?

The online approval time for loans from the student’s place of origin from the National Development Bank is about 7 days.

National student origin credit student loans refer to loans issued by the China Development Bank to freshmen and current students of ordinary colleges and universities whose families have financial difficulties and are handled in the county (city, district) where the student’s registered residence is before enrollment. Student loans.

Loans from the student’s place of origin are credit loans. Students and parents (or other legal guardians) are the same borrowers, and both parties bear the responsibility for repayment.

The financial institution for credit student loans in the student’s place of origin is mainly undertaken by the China Development Bank, and other banking financial institutions are encouraged to carry out this business. The specific undertaking banks are jointly organized by the local finance, education, and banking regulatory departments. It shall be determined through consultation with China Development Bank and other financial institutions.

National student loan application time

Generally, the national student loan application time is from September to October every year. If you successfully apply for a national student loan, the disbursement time is November. Around mid. Just wait patiently. After the school deducts the fees, the remaining money will be credited to everyone's Alipay account. The relevant details are as follows:

1. After the student loan is issued, the student with the loan cannot control it first.

2. When the university automatically deducts the payment, the loan student does not need to do anything. The successful deduction by the university means the payment is successful.

3. After the university deducts the payment, if there is any leftover, it will be left in your contract Alipay. After authenticating your loan assistance contract with Alipay in real-name, you can withdraw it to the bound bank card for your short-term living expenses.

4. If the amount owed by the university is greater than the actual amount owed, the balance at this time should remain with the university and will be returned to everyone after the university clears and settles. The specific refund time and refund For payment methods, please pay attention to the university’s notification.

The preliminary review and process for its issuance are as follows:

1. After the first-time loan students apply on-site, the renewal loan students can obtain the student aid issued by the county financial aid center after submitting their application remotely. The loan acceptance certificate and contract will also receive a receipt verification text message from China Development Bank 95593 regarding your student loan.

2. When the semester begins, college students with loan assistance can register and pay fees in colleges and universities with the acceptance certificate issued by the county financial aid center. If the loan amount can fully cover the tuition and accommodation fees for the new academic year, these two fees cannot be paid anymore! If the loan amount cannot fully cover the tuition and accommodation fees due, only the difference will be paid by cash or transfer. After submitting the acceptance certificate, you can wait patiently.

3. After the student loan acceptance certificate (or receipt verification code) is submitted to the university, it will be reviewed offline and online by the university.

Offline review: The main review is to determine whether you passed the poverty determination of the university in the previous academic year, thereby determining whether you meet the conditions for student loans.

Online review: After passing the judgment on student loan qualifications of the university, the University Financial Aid Center will enter the university end of the China Development Bank student loan management system to enter the amount of outstanding payment receipt for you.

4. Before October 15th, colleges and universities must enter the amount of outstanding payment receipts for all college students with student loans, otherwise they will not be able to continue to enter. The China Development Bank will close the function of entering the amount of university receipts around mid-October. After the college receipts are entered, the county funding center will summarize and submit this year's student loan applications, and they will also be reviewed by the Sichuan Branch of the China Development Bank.

5. From late October to mid-November, the regional branches of the China Development Bank will focus on reviewing the contracts of all student loan students in the province in 2021. As long as the university passes the review, the documents uploaded by the county funding center for you are correct, and your contract signature is accurate, there will be no problem with the provincial branch of the China Development Bank. Of course, if the documents uploaded by the county financial aid center for you are incorrect, or the contract signature of the first-time loan student is inaccurate, the county financial aid center will urge the problematic contractor to make rectifications within a time limit or promise to make rectifications.

6. After approval by the provincial branch of the China Development Bank, the distribution will be organized around mid-November. Disburse the student loans you applied for to your loan contract Alipay. After the payment is received, the university you study in will automatically deduct it directly from your student loan contract Alipay without having to do anything. After the university successfully deducts the payment, China Development Bank 95593 will inform you via text message the amount of this year’s student loan and the amount automatically deducted by the university, so that everyone can understand. Loan disbursement takes a certain amount of time, just wait patiently.

How long does it take for the student loan center to review the application?

Legal analysis: about 7 to 15 days. Generally, the review time for student loans is about 7 to 15 days. The review process is that the school will first conduct a qualification review of the applicant. After the review meets the conditions, it will be submitted to the bank. The bank will conduct final review and approval of the student's loan application. If approved, the loan can be directly issued to the bank card. Students applying for credit student loans from their place of origin must meet the following conditions: 1. Have the nationality of the People's Republic of China; 2. Be honest and trustworthy, and abide by laws and regulations; 3. Have been approved to establish and implement higher education in accordance with relevant national regulations Freshmen who have been formally admitted to full-time general undergraduate colleges, higher vocational schools and colleges of education within and outside the central and regional areas, and have obtained authentic, legal and valid admission notices, or undergraduate students, graduate students and second bachelor's degree students currently studying in colleges and universities; 4. The student’s household registration before admission and that of his/her parents (or other legal guardians) are all in the same county (city, district); 5. The family has financial difficulties and the income they can obtain is not enough to pay for the expenses required to complete their studies at school. Tuition and accommodation fees.

Legal basis: "Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases"

Article 1 Private lending as mentioned in these regulations refers to natural persons, legal persons and unincorporated organizations The act of financial intermediation between. This provision does not apply to financial institutions and their branches established with the approval of the financial regulatory authorities to engage in loan business, arising from the granting of loans and other related financial businesses.

Article 2 When a lender files a private loan lawsuit against the people, it shall provide IOUs, receipts, IOUs and other evidence of creditor's rights and other evidence that can prove the existence of the legal relationship between the loan and the loan. If the creditor's rights certificates such as IOUs, receipts, and IOUs held by the parties do not indicate the creditor, and the party holding the creditor's rights certificates files a private loan lawsuit, the people shall accept it. The defendant raised a fact-based defense against the plaintiff's creditor qualifications. After review, the people concluded that the plaintiff did not have creditor qualifications and ruled to reject it.

Article 24 If the lender and the borrower have not agreed on interest, and the lender claims to pay interest, the people will not support it. If the interest rate for a loan between natural persons is unclear and the lender claims to pay interest, the people will not support it. Except for loans between natural persons, if the loan interest agreement is unclear between the borrower and the borrower, and the lender claims interest, the people shall determine the interest based on the content of the private loan contract and the local or party transaction methods, transaction habits, market quotation rates and other factors. .

Article 25 If the lender requests the borrower to pay interest according to the interest rate stipulated in the contract, the people shall support it, except where the interest rate agreed upon by both parties exceeds four times the one-year loan market quotation rate at the time the contract is established. . The "one-year loan market quoted interest rate" referred to in the preceding paragraph refers to the one-year loan market quoted interest rate published monthly by the National Interbank Funding Center authorized by the People's Bank of China since August 20, 2019.

How long does it usually take for student loans to be disbursed? ! ! !

It usually takes about a month from applying for a student loan to disbursing the loan. Applicants applying for student loans must meet the family's financial difficulties, and the annual loan for undergraduate students must not exceed 8,000 yuan per student, and the annual loan for graduate students must not exceed 8,000 yuan. The amount cannot exceed 12,000 yuan per student per year. The amount of student loan can be determined based on the total of tuition fee and accommodation fee.

After the student loan is approved, the lender should, within 20 working days after signing the loan contract and IOU, transfer the first-year tuition fee, accommodation fee and living expense loan to the school's loan account opened by the lender. Special loan account. Starting from the second year, the lender should transfer the tuition, accommodation and living expenses loans to the special loan account and tuition account opened by the school with the lender within 20 working days after the borrower signs the IOU.

Student loans are a national policy that benefits the people by providing financial loans to families of poor students in ordinary colleges and universities. It does not require mortgage guarantees and can be applied for up to 20 years. In order to reduce the financial burden of loan students , the loan interest during the study period is fully subsidized by the state finance.

Many students from poor families will apply for student loans through the local bank of the school where they attend. The relevant departments of the school will conduct a real qualification investigation on the loan students' situation, and the bank will ultimately approve the student's loan application, so student loans are The review cycle for loans is generally about 15 to 20 days, and loans are generally disbursed around November.

Students applying for student loans must fill in the student loan application form, copies of the applicant’s student ID card and ID card, and a description of the family’s financial difficulties based on the true situation.

The National Student Loan is an initiative adopted by the Party Central Committee and the State Council under the conditions of the socialist market economy to use financial means to improve my country’s general college funding policy system and increase funding for students from poor families in general colleges and universities. major measures. National student loans are government-led, fiscal interest subsidies, financial and university authorities jointly provide banks with certain risk compensation, and banks, education administrative departments and university authorities jointly operate bank loans to specifically help students from poor families in colleges and universities. Borrowing students do not need to apply for loan guarantees or mortgages, but they need to promise to repay on time and bear relevant legal responsibilities. Borrowing students apply for loans from banks through their schools, which are used to make up for various expenses while in school, and are repaid in installments after graduation. On August 8, 2012, the new student loans issued by the Development Bank will exceed 12 billion yuan.

How long does it take to get a student loan?

The review time for student loans is relatively short, usually 7 to 15 days.

In most cases, if students need to apply for personal student loans, students generally need to apply for related products through the school. Because the school and the bank cooperate on student loans, students also need the endorsement of the school to apply for the student loan. After the student submits all the information, the approval process for the student loan is generally very fast.

1. What is a student loan?

What we usually call student loans are generally student loans from the place of origin. In order to further ensure the educational needs of students, students with financial difficulties can apply for student loans. form to complete their studies. Student loans have relatively low requirements for students. As long as students meet the relevant admission information, students can apply for personal student loans through the school.

2. The review time for student loans is generally 7 to 15 days.

This review time refers to the review time after students have submitted all materials. Before that, students need to submit their real-name information to the school, and they also need to provide specific family income as required by the school. .

After the student passes the school's preliminary review, the school will submit the student's student loan application uniformly, and the bank will review all students' information within 7 to 15 days.

3. The student loan will be directly transferred to the student’s designated bank card.

The application threshold for student loans is very low. As long as the student's academic status and real-name information are correct, he or she can basically apply for a student loan from the student's place of origin. After reviewing all the information, the bank will notify the school of the student loan application status. Students can also check the progress of their application through the official account of the relevant bank. After the review is completed, the bank will release the funds to the students within 1 to 3 working days, and will also transfer the funds to the students' designated bank card accounts.

To sum up, the review time for student loans is generally 7 to 15 days, which is very efficient.

That’s it for the introduction to the student loan approval time.