First, the student loan of China Development Bank can be paid off in advance. To make early repayment, you should log in to China Development Bank to apply for early repayment. After the application is approved, the repayment shall be made in one lump sum before September of the graduation year 1. You can apply for prepayment from June 1 to June 10 every year before 10, and the interest is 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. Early repayment requires one-time repayment, and partial early repayment is not accepted.

Before the repayment month 15, deposit the funds in full into the personal associated account for repayment. If the funds are insufficient, it will be deemed as an automatic waiver of prepayment, and the application can be continued next month without overdue treatment.

Second, if you get a loan at the beginning of your freshman year, you have to pay back all the tuition fees for the first academic year to the loan bank in the second year after graduation. There is no interest during the four years of college, and the interest is calculated from the year of graduation until the day when you pay off all the loans. Remember to pay back the interest in time after graduation, otherwise it will be very troublesome, and overdue will affect your life.

The longest student loan shall not exceed 14 years. In principle, the term of student-origin credit student loans shall be determined according to the full-time undergraduate academic system plus 10 years, and the longest term shall not exceed 14 years. Among them, students are determined according to the remaining years of study plus 10 years. For those who have studied for more than 4 years or continue to study for a postgraduate degree or a second bachelor's degree, the repayment period after graduation will be shortened accordingly. There is a grace period for students during school and two years after graduation. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.

Loan agreement: 1, loan interest rate

Loan interest rate: the benchmark interest rate of RMB loans of the same grade in the same period announced by the People's Bank of China at the time of loan issuance. The loan interest rate is adjusted once a year, from 65438+February to 2 1. The adjusted interest rate is the benchmark interest rate of RMB loans with the same term and grade announced by the People's Bank of China on the adjustment date.

2. Repayment rules

Borrowing students will pay their own interest from September of the graduation year 1. Every year, 65438+February 20th is the normal interest payment date. Two years after graduation is a grace period, and the year of graduation is the first year of grace period. The grace period ends on February 20th, 65438, the second year of graduation. During the grace period, you only need to pay your own interest without repaying the principal. After the end of the grace period, in addition to paying interest, the principal will be repaid in equal amount on February 20th of the following year, and it is required to be paid off in full on September 20th of the last year of the loan term. Student loans shall not be issued in principle.