If it is approved, the school will organize students to sign a national student loan contract, and the national student loan will be implemented in the form of one application by the borrower, one examination and approval by the loan bank, single-family accounting and installment payment. It usually takes 15 days to get a loan. ?
Among them, tuition and accommodation loans are paid according to the academic year (period) and directly credited to the account opened by the borrower's school in China Construction Bank; The living expenses loan (no living expenses loan will be issued in February and August every year) will be transferred to the current savings account opened by the borrower in China Construction Bank on a regular basis according to this contract.
National student loan:
The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of colleges and universities in China and increase the financial aid for students from poor families in colleges and universities under the conditions of socialist market economy.
The national student loan is a bank loan led by the government, with financial subsidies and certain risk compensation from the finance and universities. It is jointly operated by banks, education administrative departments and universities to help students with financial difficulties in colleges and universities.