Compared with the normal bank interest rate, the national student loan interest rate will be higher, and the student loan interest rate shall be subject to the benchmark interest rate of RMB loans of the same period and grade announced by the People's Bank of China at the time of loan issuance.

According to the cumulative interest method, the national student loan will charge interest annually according to the actual number of days. The value date is the loan issuance date of Development Bank, and the interest settlement date is 65438+ February 20th every year (the interest settlement date of the previous loan year was September 20th). The calculation method is as follows:

Interest = cumulative interest-bearing product × daily interest rate, in which:

Daily interest rate = annual interest rate ÷360

Accumulated interest product = total daily balance.