According to the national student loan policy, students who apply for this loan do not need to pay interest during their normal study at school, but they need to bear the loan interest from September 1 day of the graduation year.
The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.
Interest rate analysis: The national student loan interest rate is 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, and will not rise. The interest rate of bank loans can be said to be relatively low in the same period of loans, so from the perspective of loan interest rate, the interest rate of national student loans is not high.
For example, an undergraduate student in a university has a national student loan of 6,000 yuan with a loan period of 8 years. Since interest is free during school, you only need to repay interest after two years of graduation and principal and interest in the third year, so the annual repayment amount of interest is as follows.
The known conditions are that the national student loan amount is 6000 yuan, the repayment period is 4 years, and the loan interest rate is 4.90%, then
The repayment interest in the first year is: 6000*8 1 day *4.90%/360=66. 15 (calculated from September 1 day when applying for a student loan to 65438+February 20th).
The repayment interest in the second year is: 6000*4.90%=294 yuan (calculated from 65438+ February 20th of last year to 65438+ February 20th of that year).
The repayment interest in the third year is: 6000*4.90%=294 yuan (the principal has not been repaid in the first two years, so the interest remains unchanged at 393 yuan, and the principal needs to be repaid at the same time in the third year, 6000/2=3000 yuan).
The repayment interest of the fourth year is: 3000 * 275 * 4.90%/360 =112.29 yuan (because the repayment date of the last year is set as September 20th, the loan interest of the last year is actually less than one year, so the annual interest rate is converted into daily interest rate * actual loan days = daily loan interest; At the same time, the remaining principal must be returned in the last year, so the remaining principal needs to be repaid in the fourth year.