First, you can apply for a loan to study abroad. At present, many domestic banks have set up loans for studying abroad, such as Bank of China, China CITIC Bank and Ping An Bank, and foreign banks such as Citigroup and Standard Chartered also have such businesses.
So, what materials do you need to prepare to apply for a loan for studying abroad? Different institutions have different requirements. Generally speaking, the required materials are: ID card, household registration book, graduation certificate and copy for the lender to file; Proof of the relationship between the borrower and the educated; Proof of tuition and living expenses required during the school period issued by an overseas school; Passport and embassy visa of the educated person; Personal assets certificate of the borrower; Guarantee.
Among them, the guarantee certificate refers to the guarantee provided by the borrower to the bank. In case of mortgage/pledge, the ownership certificate of the mortgaged/pledged property shall be provided and a mortgage/pledge contract shall be signed. If it is a guarantor, it is necessary to provide the guarantor's written guarantee commitment, as well as the guarantor's ID card, household registration book, income or property certificate; If the guarantor is a legal person, it shall provide business license, organization code certificate and asset certificate accordingly. The loan amount for studying abroad is generally less than 6,543,800 yuan. Some banks, such as Bank of China, require that the loan amount should not exceed 80% of the total tuition and living expenses required by the educated during their school study, and the longest period can generally reach ten years.
After preparing the materials, you can apply for a loan from the bank. The general application steps for studying abroad loans are:
1. The applicant fills in the loan application form and submits the prepared materials to the bank.
2. If approved, the bank will inform the borrower of the agreed loan amount, term and interest rate.
3. The borrower signs a loan contract with the bank. If the borrower himself is an international student, he needs his domestic agent to sign the contract at the same time.
4. The borrower shall go through the guarantee formalities at the bank and sign the guarantee contract. Where a guarantor is adopted, a natural person or legal representative as the guarantor shall be present and sign a guarantee contract.
5. If required by the bank, go through notarization procedures.
6. Loan issuance.
In addition to RMB loans, many banks also have foreign exchange loans, such as studying in the United States. Foreign exchange loans can be issued directly in dollars, which saves the trouble of changing foreign exchange, but repayment also needs foreign currency. At present, banks generally adopt one-stop financial service mode. Parents and children can choose the most suitable bank first, which can not only provide loans, but also provide one-stop services such as credit certificate, currency exchange and overseas credit cards. For example, parents can apply for a credit card in China and let their children spend it with a secondary card abroad.
I remind everyone that the future of children is important, but we should also take into account the actual situation of the family and try to avoid getting the family into high debt. I also wish all students studying abroad a bright future.