The purpose of the foreign exchange loan from China Bank for studying abroad: The borrower can only use this loan for tuition and living expenses for studying approved undergraduate or master's or doctoral degrees abroad. At present, the policies of each branch of the study abroad loan are different. Please consult your local BOC branch for details. The above contents are for your reference. Please refer to the actual business regulations.
Second, about the loan for studying in Korea?
1. If you study in Korea, the loan is not cost-effective. Because the cost in Korea is already very low, if you still need a loan, don't go.
2. What province do you want to apply for your ID card? What province is your God's address?
3. China Bank has loan business for international students. If you give them 10000 RMB, they can lend you 100000 RMB. The maximum loan is 500,000 RMB.
The loan of China Bank can only be borrowed for a few years at most. You can visit their website.
product name
Foreign exchange loan for studying abroad
product description
I. Purpose of the loan
The borrower can only use this loan for tuition and living expenses of secondary schools, universities and master's and doctoral degrees approved abroad, or for issuing corresponding credit certificates.
Second, the loan term.
The loan term is generally one to six years, and the longest is not more than ten years (including ten years). The specific period is determined according to the borrower's schooling and the nature of the guarantee.
Three. Loan currency: USD (richer currencies will be introduced at the right time).
Fourth, the maximum loan amount.
In principle, the loan amount shall not exceed 90% of the total amount of tuition and fees, living expenses and accompanying students' living expenses required by the educated during their school days.
Verb (abbreviation for verb) loan interest rate
The loan interest rate is priced according to the foreign exchange loan interest rate (floating), which is more favorable than the RMB loan interest rate.
The guarantee mode of intransitive verbs
Mortgage, pledge, third-party guarantee and insurance are acceptable.
Seven. make loans
According to the customer's demand, it can be directly transferred to the account of China Bank's overseas branch, and transferred to the school (tuition part) and the student loan account (living expenses part) respectively.
Eight. Repayment method
Entrust others in China to repay the loan on their behalf; The repayment method is remittance abroad.
Nine, the repayment grace period
The lender can give the borrower a certain grace period (the grace period is limited to the borrower's study period at school), during which he only pays interest and does not repay the principal. The educatee will make a repayment plan with the lender from the next month after obtaining the graduation certificate, that is, the principal and interest must be repaid monthly. The longest grace period is 4 years.
Applicable object
Any China citizen who has full capacity for civil conduct and has a permanent residence in China can apply for a foreign exchange loan for studying in China Bank. Customers can choose students themselves as borrowers according to their own needs, and they can also choose students' parents or legal guardians as borrowers. If the actual user is under the age of 18, the legal guardian shall be the borrower.
Submit information
1. The borrower himself or * * together with the original ID card, residence booklet or other valid residence certificate of the borrower and the valid identity certificate of the educated person, and provide copies of the above-mentioned documents;
2. Proof that the borrower or his family members recognized by the lender have a fixed occupation and stable economic income;
3. The admission notice or the admission notice of the educated school, and the relevant materials of the total tuition and fees and living expenses required by the students during their study period issued by the school (or the corresponding certification materials provided by the cooperative intermediary institutions);
4. If the property is mortgaged (pledged), it shall provide valid mortgage and pledge certificate and a letter of commitment or statement signed by the person who has the right to dispose of it (including the property owner) agreeing to mortgage (pledge). Collateral needs to submit the value evaluation report issued by the competent department, pledge needs to provide proof of rights, and third-party guarantee needs to provide written documents and relevant credit proof materials that the guarantor agrees to undertake irrevocable joint and several liability guarantee;
5. The borrower, the repayment party and the guarantor shall personally issue and sign a written authorization to allow the bank to inquire about their personal credit reports;
6. Other supporting documents and materials required by the lender.
3. What are the requirements for studying abroad loan from China Bank?
Satisfied conditions:
All China citizens who have reached the age of 18 in China, have full capacity for civil conduct, hold legal identity documents and have a fixed residence in China can apply for personal student loans. Customers can choose educated people as borrowers according to their own needs, or their immediate family members or legal guardians as borrowers; If the actual user is under the age of 18, the legal guardian shall be the borrower.
Specific instructions:
I. Purpose of the loan
Loans can be used in RMB and loans for the tuition and miscellaneous fees, transportation expenses, living expenses, study abroad deposit and other related expenses of the borrower himself or his immediate family members and legal guardians attending overseas educational institutions recognized by the Ministry of Education of China.
Second, the loan term.
Tuition, transportation and living expenses can be used up to 10 years (inclusive). The maximum use period of study abroad deposit shall not exceed the borrower's study period.
Third, the loan currency.
Rmb, USD, JPY, EUR, GBP, HKD, AUD and CAD.
Fourth, the maximum loan amount.
The purpose of the loan is to pay tuition and fees, transportation expenses and living expenses, and the maximum amount shall not exceed 80% of the sum of all the expenses required for the educated to study abroad. Tuition and miscellaneous fees shall be subject to the valid certificate issued by the school, and the amount of living expenses and transportation expenses shall be approved according to the countries and regions studying abroad, and the maximum amount may reach RMB or the equivalent of RMB 6.5438+0.2 million yuan-0.2 million yuan/year. The maximum deposit for studying abroad can reach RMB 6.5438+0.5 million or its equivalent.
Verb (abbreviation for verb) loan interest rate
The loan interest rate adopts the method of "benchmark floating/adding point". Renminbi loans are based on the interest rate announced by the People's Bank of China. Loans are based on the international financial market interest rate or the official interest rate issued by relevant countries, and are determined according to the loan currency.
The guarantee mode of intransitive verbs
Mortgage, pledge, natural person guarantee or combination guarantee can be accepted, and eligible borrowers can use credit.
Seven. make loans
After the individual study abroad loan is approved, the repayment method will be selected according to the Interim Measures for the Administration of Personal Loans and the actual use of the funds, and the local BOC outlets will be consulted in detail.
Eight. Repayment method
My repayment method in China is overseas remittance, online banking or entrusting others (the borrower of the loan should prepare enough foreign exchange repayment by himself, and RMB repayment is not accepted).
Nine, the repayment grace period
The lender may grant the borrower a certain grace period, and the longest grace period for individual study abroad loans shall be 2 years, which shall not exceed the schooling years of the educated. During the grace period, only interest is paid, not principal. The borrower shall repay the loan principal and interest on schedule as agreed in the contract from the next month after the expiration of the grace period.
4. How about the foreign exchange loan for studying in China Bank?
You can apply for loans to study abroad. At present, many domestic banks have set up overseas study loans, such as Bank of China, Citigroup and Standard Chartered.
What materials are prepared? Different institutions have different requirements. Generally speaking, the materials to be used are:
1. The ID cards, household registration books, graduation certificates and their copies of the borrower and the educated shall be filed by the lender;
make a touch
3. issued by an overseas school;
4. Educated passport and its application
5. The borrower's personal assets certificate;
6. Letter of guarantee.