1. Is it easy to apply for a commercial student loan from Bank of China?
It is relatively easy to apply, as long as you apply according to the application process.
Commercial student loans are generally commercial loans provided by lending banks to students who are receiving non-compulsory education. The loans can only be used for students’ tuition and fees, living expenses and other study-related expenses. expenses. The loan period of general commercial student loans is generally between 6 months and five years, and the longest is no more than eight years; at the same time, a property mortgage, pledge or third-party guarantee approved by the lending bank must be provided as a loan guarantee condition; the loan interest rate is as follows: The loan interest rate for the same period and grade stipulated by the People's Bank of China shall be implemented (the Bank of Communications rate can be obtained from the People's Bank of China). Edit this paragraph Commercial education student loan
Commercial education student loan refers to the loan issued by the lender to the borrower for the borrower or his legal guardian to study for a master's degree, doctorate, etc. in domestic primary schools or have obtained a master's degree or a doctoral degree. A type of RMB loan and foreign exchange loan approved for the tuition and living expenses (including travel expenses abroad) required to study in secondary schools, universities, and study for master's, doctoral and other degrees abroad
1. Loan conditions
The conditions for the borrower to be educated are as follows: 1. Have full capacity for civil conduct; 2. Those who attend foreign schools must have their own passport or pass; 3. Have a letter of study) or student ID card and a certificate issued by the school they attend. Proof of tuition, miscellaneous fees and living expenses required during the study period; 4. Meet the learning and conduct standards required by the lender, and have no bad credit behavior; 5. Commit to promptly inform the lender of his latest work unit and valid notification after leaving school. The educated person must agree to not repay the loan for one year after it is overdue, and announce its breach of contract in relevant media; 8. Provide asset collateral and cross-examination recognized by the lender; 9. Other loan conditions stipulated by the lender. Educational guardians who apply for commercial student loans as borrowers must meet the following conditions: 1. Have full capacity for civil conduct; 2. Have a local permanent residence or valid residence status, as well as a detailed and fixed address; 3. Have a legitimate occupation and stable source of income, with good credit, and the ability to repay the loan; 4. Acceptance letter, and proof of asset mortgage, pledge, or third-party joint and several liability guarantee for tuition and living expenses required during the study period issued by the school; 6. Education The person already has a certain proportion of the expenses required for education; 7. Other loan conditions stipulated by the lender.
2.
The term of commercial student loans is generally one to six years, with a maximum of ten years (inclusive)
3. Loan limit
The amount of the commercial student loan is 80% of the total tuition and living expenses required during the study period.
4. Loan repayment
Within 1 year. ), the principal and interest can be repaid monthly or in one lump sum upon maturity; if the loan term is more than 1 year, the principal and interest of the loan must be repaid monthly, and the monthly repayment amount should be determined once per academic year based on the number of loans issued in the year. Before the monthly repayment date stipulated in the contract, the borrower actively deposits the full monthly loan principal and interest in his deposit account, and the bank directly deducts the loan. The lender agrees to allow the borrower to repay part or all of the loan in advance.
5. Loan Application
(1) The recipient client should provide the following information: 1. Original and copy of personal valid residence ID; 2. Admission notice and copy of the school where he/she is attending or student ID card and Copy; 3. Proof of living expenses issued by the school; personal savings or credit card account; 5. Other supporting documents and information required by Bank of China (2) As a borrower, the educated person should provide the following information: 1. Original and photocopy of personal and spouse’s ID card, household register or other valid residence documents; 2. Written proof of the relationship between the borrower and the educated person recognized by Bank of China; 3. Admission notice and study period of the school where the educated person attends Proof of required tuition fees and living expenses; 4. If property is used as mortgage or pledge, a list of mortgages, pledges and a commitment or commitment signed by the person with the right to dispose of the property (including the owner of the property) agreeing to the mortgage or pledge should be provided. Declaration. For the collateral, a value appraisal report issued by the relevant department and insurance documents from the insurance company must be submitted. For the pledge, a certificate of title must be provided.
If a third-party guarantee is provided, a written document agreeing to the guarantee by the guarantor and relevant credit certification materials shall be issued; 5. A personal savings or credit card account opened with Bank of China; 6. Other supporting documents and materials required by Bank of China.
6. Applicable objects
Borrowers refer to those who are studying in domestic middle schools, ordinary colleges and universities and studying for master's and doctoral degrees, or who have been approved to study in overseas middle schools and universities and study for master's and doctoral degrees. Those who are educated at school or their legal guardians.
3. How to apply for a commercial student loan?
Commercial student loans are generally provided by the lending bank to students or immediate family members who are receiving non-compulsory education or Commercial loans issued by legal guardians can only be used for students’ tuition and fees, living expenses and other study-related expenses. The loan period of general commercial student loans is generally between 6 months and five years, and the longest is no more than eight years; at the same time, a property mortgage, pledge or third-party guarantee approved by the lending bank must be provided as a loan guarantee condition; the loan interest rate is as follows: The interest rate for loans of the same period and grade stipulated by the People's Bank of China shall be implemented (the interest rate of general commercial student loans of Bank of Communications can be discounted by 10% on the basis of the benchmark interest rate stipulated by the People's Bank of China). Edit this paragraph Commercial education student loans
Commercial education student loans refer to loans issued by lenders to borrowers for the borrower or his legal guardian to attend domestic primary schools, middle schools, colleges and universities. A type of RMB loan and foreign exchange loan for students who are studying for a master's degree, a doctoral degree, etc., or who have been approved to study in secondary schools, universities abroad, and to study for a master's degree, doctoral degree, etc., as well as living expenses (including travel expenses abroad).
1. Loan conditions
Educated persons applying for commercial student loans as borrowers must meet the following conditions: 1. Have full capacity for civil conduct; 2. Have valid residence status Those who study in overseas schools must have their own passport or pass; 3. Have an admission notice (letter of acceptance) or student ID card from the school where they are studying, as well as documentation issued by the school that certifies the tuition, miscellaneous fees and living expenses required during the study period; 4. . Meet the learning and conduct standards required by the lender, and have no bad credit behavior; 5. Commit to promptly inform the lender of his latest work unit and effective communication methods after leaving school; 6. Already possess a certain proportion of the required qualifications for an educated person Educational expenses; 7. Agree in writing that if the loan is overdue for one year, the lender may announce the breach of contract in the school or relevant media; 8. Provide asset mortgage, pledge or third-party joint liability guarantee recognized by the lender; 9. , other loan conditions stipulated by the lender. Immediate relatives and legal guardians of educated persons who apply for commercial student loans as borrowers must meet the following conditions: 1. Have full capacity for civil conduct; 2. Have a local permanent residence or valid residence status, as well as a detailed and fixed address; 3. . Have a legitimate occupation and a stable source of income, have good credit, and have the ability to repay loans; 4. The educated person has an admission notice or letter of acceptance from the school where he is studying, and has the tuition, miscellaneous fees and living expenses required during the study period issued by the school. Proof; 5. Provide asset mortgage, pledge or third-party joint liability guarantee recognized by the lender; 6. The educated person has a certain proportion of the expenses required for education; 7. Other loan conditions stipulated by the lender.
2. Loan term
The term of commercial student loans is generally one to six years, with a maximum of ten years (inclusive).
3. Loan limit
In principle, the amount of commercial student loans shall not exceed 80% of the total tuition, fees and living expenses required by the educated during the school period.
IV. Loan repayment
If the loan term is within 1 year (including 1 year), the principal and interest can be repaid monthly or in one lump sum upon maturity; if the loan term is more than 1 year, the principal and interest can be repaid in one go. The principal and interest of the loan are repaid monthly, and the monthly repayment amount should be determined once every academic year based on the number of loans disbursed in the year. The borrower should actively deposit the full monthly loan principal and interest in his deposit account before the monthly repayment date stipulated in the loan contract, and the bank will directly deduct the monthly loan principal and interest. Allows the borrower to prepay part or all of the loan with the lender's consent.
5. Loan Application
(1) The educated person himself as a borrower should provide the following information: 1. Original and copy of personal valid residence ID; 2. School enrollment certificate Admission notice and copy or student ID card and copy; 3. Proof of tuition, miscellaneous fees and living expenses required by the student during the study period issued by the school; 4. Personal savings or credit card account opened in Bank of China; 5. China Other supporting documents and information required by the bank. (2) The immediate family members and legal guardians of the educated persons should provide the following information as borrowers: 1. The original and copy of the identity card, household registration book or other valid residence certificate of the individual and the spouse; 2. The borrower and the borrower recognized by Bank of China Written proof of the relationship between the educated person; 3. Admission notice from the school where the educated person attends and proof of tuition and living expenses required during the study period; 4. If property is used as a mortgage or pledge, a list of mortgages and pledges should be provided A commitment or statement signed by the person with the right to dispose of the property (including the owner of the property) agreeing to the mortgage or pledge. For the collateral, a value appraisal report issued by the relevant department and insurance documents from the insurance company must be submitted. For the pledge, a document proving the right of the pledge must be provided. If a third-party guarantee is provided, a written document agreeing to the guarantee by the guarantor and relevant credit certification materials shall be issued; 5. A personal savings or credit card account opened with the Bank of China; 6. Other supporting documents and materials required by the Bank of China.
6. Applicable objects
Borrowers refer to those who are studying in domestic middle schools, ordinary colleges and universities and studying for master's and doctoral degrees, or who have been approved to study in overseas middle schools and universities and study for master's and doctoral degrees. Those who are educated at school or their legal guardians.
4. What are the application materials for commercial student loans from Bank of China?
Commercial student loan application materials: 1. The borrower’s original ID card, household registration booklet or other valid residence documents, and the valid identity certificate of the educated person. Those who study in overseas schools must also show the educated person The person's passport or pass, and provide a copy of the above certificate; 2. Proof of the guardianship relationship between the borrower and the educated person recognized by the lender; 3. The borrower or his family members recognized by the lender have a fixed occupation and stable economic income 4. The original and copy of the admission notice or letter of acceptance from the school where the educated person attends, as well as relevant materials issued by the school regarding the total tuition and fees and living expenses required for the student's study period (if the student is studying abroad, he or she must provide A qualified translation company shall issue Chinese translations of materials provided by the school); 5. If property is used as collateral (pledge), a list of collateral, pledged items and a document signed by the person with the right to dispose of the property (including the owner of the property) shall be provided. A commitment or statement agreeing to mortgage (pledge). A value evaluation report issued by the competent department must be submitted for the collateral, and a document proving the right of the counterproperty must be provided. If it is guaranteed by a third party, a written document that the guarantor agrees to assume irrevocable joint liability guarantee and relevant credit certification materials must be issued; 6. Borrower The applicant and the guarantor shall issue and sign a written authorization in person to agree to the bank's inquiry of their personal credit report; 7. Other supporting documents and materials required by Bank of China. Since there are differences among provinces, please consult the handling branch or call the Bank of China customer service hotline 95566 for detailed information. The above content is for your reference, please refer to actual business regulations. If you have any questions, please feel free to consult Bank of China’s online customer service. You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.