General commercial student loans are issued by loan banks to students who are receiving non-compulsory education or their immediate family members or legal guardians. Loans can only be used for students' tuition and fees, living expenses and other learning-related expenses. The loan period of general commercial student loans is generally 6 months to 5 years, and the longest is not more than 8 years; At the same time, it is necessary to provide property mortgage, pledge or third-party guarantee recognized by the loan bank as the loan guarantee condition; The expected annualized interest rate of the loan shall be implemented according to the expected annualized interest rate of the loans of the same grade in the same period stipulated by the People's Bank of China (the expected annualized interest rate of the general commercial student loan of Bank of Communications may rise by 65,438+00% on the basis of the benchmark expected annualized interest rate stipulated by the People's Bank of China).

Letter of credit clause

As a borrower, an educated person must meet the following conditions when applying for a commercial student loan:

1, with full capacity for civil conduct;

2. Have a valid residence identity card, and you must have a passport or pass to study abroad;

3. With the school's admission notice (admission notice) or student ID card and the certificate of tuition and living expenses required during the study period issued by the school;

4. Meet the learning and behavior standards required by the lender and have no bad credit behavior;

5. Promise to inform the lender of his work unit and effective communication mode in time after leaving school;

6, there is a certain proportion of education funds needed by the educated;

7. If it is agreed in writing that the loan overdue for one year will not be repaid, the lender may announce the breach of contract in its school or related media;

8. Providing mortgage or pledge of assets recognized by the lender or third-party joint liability guarantee;

9. Other loan conditions stipulated by the lender.

The immediate family members and legal guardians of the educated, as borrowers, must meet the following conditions when applying for commercial student loans:

1, with full capacity for civil conduct;

2. Have a local permanent residence or valid residence status and a detailed fixed address;

3. Have a legitimate occupation and a stable source of income, good credit and the ability to repay loans;

4. The educated person has the school's admission notice or admission notice, and the certificate of tuition and fees and living expenses required during the study period issued by the school;

5. Providing mortgage, pledge or third-party joint liability guarantee with assets recognized by the lender;

6. Educated people already have a certain proportion of education expenses;

7. Other loan conditions stipulated by the lender.

deadline

The term of commercial student loans is generally one to six years, and the longest is not more than ten years (including ten years).

Credit line/quota/quota/ceiling

In principle, the amount of commercial student loans shall not exceed 80% of the total amount of tuition and fees and living expenses required by the educated during their school days.

Loan repayment

If the loan term is within 1 year (including 1 year), the principal and interest can be repaid once a month or at maturity; If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid monthly, and the monthly repayment amount shall be determined once every academic year according to the number of loans issued each year. The borrower shall voluntarily deposit the monthly loan principal and interest into his deposit account on the monthly repayment date agreed in the loan contract, and the bank will directly deduct the monthly loan principal and interest. With the consent of the lender, the borrower is allowed to prepay in part or in whole.

loan application

(a) the educated as a borrower shall provide the following information:

1. Original and photocopy of valid personal residence identity document;

2. The school's admission notice and photocopy or student ID card and photocopy;

3. Proof of tuition and fees and living expenses required by students during their study period issued by the school;

4. Personal savings or credit card account opened in China Bank;

5. Other supporting documents and materials required by China Bank.

(two) the immediate family members and legal guardians of the educated as borrowers shall provide the following information:

1. Original and photocopy of ID card, household registration book or other valid residence certificate of the individual and spouse;

2. Written proof of the relationship between the borrower and the educated person recognized by China Bank;

3, the admission notice of the education school and the proof of the tuition and living expenses required during the study period;

4. If the property is mortgaged or pledged, a list of mortgaged property and pledged property and a letter of commitment or statement signed by the person who has the right to dispose of the property (including the property owner) agreeing to mortgage and pledge shall be provided. In case of collateral, submit the value assessment report issued by the relevant department and the insurance documents of the insurance company; in case of pledge, provide the certificate of rights. If the guarantee is provided by a third party, a written document of the guarantor's consent to the guarantee and relevant credit certification materials shall be issued;

5. Personal savings or credit card account opened in China Bank;

6. Other supporting documents and materials required by China Bank.

Applicable object

A borrower refers to an educated person who is studying in a domestic middle school or an ordinary institution of higher learning and studying for a master's degree or a doctor's degree, or has been approved to study in a middle school or university and study for a master's degree or a doctor's degree abroad or his legal guardian.

How long is the repayment period of college student loans?

The loan period for college students is 15 years plus academic system, and the longest is no more than 22 years. Borrowing students don't need to repay money during their school days, but begin to bear interest after graduation. Five years before graduation is a grace period for repayment of principal, and only interest can be repaid, thus reducing the repayment pressure. Student-origin student loans are repaid through Alipay, and the repayment funds are recharged to the repayment account 65438 before February 20th every year. You can wait for the system to automatically deduct money or take the initiative to repay. The borrowing and repayment of student loans will be reported at the meeting. There is a penalty interest for overdue repayment, which will also affect personal credit information. The borrower must remember to repay the loan on time.

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 ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy. The national student loan is a bank loan which is led by the government, subsidized by the finance, and compensated by the finance and universities at certain risks, and jointly operated by banks, education administrative departments and universities. Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time and bear relevant legal responsibilities. Borrowing students apply for loans from the bank through the school to make up for the lack of expenses during their school days and repay them in installments after graduation. On August 8, 20 12, the new student loans of the development bank will exceed 1200 million yuan.

2065438+On July 20th, 2005, the Ministry of Education and other departments jointly issued "Several Opinions on Perfecting the National Student Loan Policy". According to the Opinions, in order to effectively reduce the financial burden of borrowing students, the longest loan period is extended from 14 to 20 years, and the grace period for repayment of principal is extended from 2 years to 3 years. The loan interest of students during their school days will be fully subsidized by the government.

On July 2 1 2020, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission jointly issued the Notice on Adjusting and Perfecting the Relevant Policies of National Student Loans (J.J.Z. [2020] No.4), clearly proposing to adjust the relevant policies of student loans from three aspects: repayment grace period, loan term and loan interest rate.

There are four main forms of loans: national student loans; Student-origin credit student loan; Colleges and universities use state financial funds to issue interest-free loans to students; General commercial student loans. Among them, the national student loan has the largest funding strength and scale, and is the main content of student loan.

Public full-time colleges and universities should actively implement the national student loan policy and cooperate with students from poor families in colleges and universities to handle national student loans. In addition, some private colleges and universities have launched national student loans, and students should pay attention to the relevant statements in the school enrollment brochure or admission notice.

How is the term of student loan stipulated?

The loan term in the student loan refers to the repayment period. For example, university loans are generally limited to 65,438+04 years, during which they can be repaid according to their own economic conditions.

First, the repayment period of student loans

1. The term of student-origin credit student loan shall be determined in principle according to the full-time undergraduate academic system plus 10 year, and the longest term shall not exceed 14 year.

2, the academic system for more than 4 years or continue to study for a postgraduate degree or a second bachelor's degree, shorten the repayment period after graduation.

3. The two-year grace period is for students at school and after graduation. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.

Second, the classification of student loans:

1. There are two main types of student loans, namely, national student loans and student loans from places of origin.

2. The longest term of student loans is 20 years, and the grace period for repayment of principal is 5 years. During the grace period, only the interest needs to be repaid, not the principal.

3. The national student loan interest rate shall be based on the benchmark interest rate of the same period and grade published by the People's Bank of China. The national student loan interest of the loan students during their study in school is all subsidized by the government, and the interest after graduation is paid in full by the loan students themselves.

4. Borrowing students can repay part or all of the loan in advance during the loan period, but they must submit a written application to the bank in advance. Interest is charged on the principal repaid in advance according to the interest rate agreed in the contract and the actual use days.

Third, expand information:

According to the length of the loan period, loans can be divided into short-term loans and medium-and long-term loans.

1), short-term loans with a term of 1 year or 1 year (temporary loans for more than 3 months and less than 6 months), characterized by short term, low risk and high interest rate. They are usually issued in the form of "loans", which are mainly used to meet the needs of borrowers for short-term funds.

2) The medium-term loan term is over 1 year (excluding 1 year) and under five years (including five years), which is characterized by long term, high interest rate, poor liquidity and high risk.

3) Long-term loans are loans for more than 5 years (excluding 5 years).