Generally speaking, long loan time is the biggest feature of bank loans for studying abroad.

Investment management companies have the shortest loan processing time.

In addition to banks, some investment management companies have also launched overseas study loans.

If people want to get loans from investment management companies, they must use real estate as collateral, and the time from handling loans to receiving loans is about 20 days.

At present, the maximum loan for studying abroad provided by investment management companies is 70% of the total value of real estate? The total value is the appraised value, and the longest loan period is 5 years. You can handle the loan business with the school's admission notice, real estate license, household registration book, etc. From the second month after the loan, the lender must repay the loan monthly. If the loan term is five years, the repayment interest is 5.48% years, and if the loan term is one year, the interest is 5.3 1% years.

The collateral of a pawnshop can be multiple items at the same time.

In addition to banks and investment companies, pawn shops have also joined the ranks of study abroad loans. In Shanghai, pawn shops have opened loan services for studying abroad.

Compared with banks, pawn loans solve the problem of single collateral in the loan process. Real estate, securities, cars, cameras and other items can be pawned. People can combine real estate, securities, jewelry and antiques at home, and according to their total mortgage value, pawnshops will provide loans to customers. Compared with banks, the procedures required by pawn shops are similar, but the loan procedures of pawn shops are simpler and faster. Because customers' property can be packaged, it is more flexible than the way that banks can only mortgage similar items.

However, it is worth noting that this kind of pawn takes three months as a current period, and it needs to return the principal and interest of the pawn (that is, the total amount in the account) at one time. The charging standard of interest varies according to different pawn items. Take real estate as an example: after the Land Bureau evaluates the lender's vacant house, it will provide loans at 50% to 60% of the evaluated price, and the customer can get the loan after completing the formalities within 15 to 30 working days. The loan interest is 3% per month, and the pawnshop will charge a handling fee of 0.5% per month.

Finally, I would like to remind you that because the visa processing time often exceeds the budget and may exceed the original current period, when the current period expires, the pawnshop will also let customers choose whether to continue or repay directly. If the loan is renewed, the interest may not be settled for the time being and calculated together with redemption.