If the loan term is within one year (including one year), the contract interest rate shall be implemented; If the loan term is more than one year, if the legal interest rate is adjusted, the new interest rate will be implemented according to the corresponding interest rate grade from March 15 of the following year, and interest will be calculated by installments. If the loan term is within one year (including one year), the loan principal and interest will be paid off in one lump sum, and the interest will follow the principal and interest; If the loan term exceeds one year, the principal and interest of the loan should be repaid within half a year.
The loan for studying abroad refers to the foreign exchange consumption loan issued by the bank to overseas students or their immediate family members or spouses to pay tuition and fees and living expenses for studying abroad. The loan amount for studying abroad shall not exceed the sum of the registration fee, tuition, living expenses and other necessary expenses within one year specified in the admission notice or other valid admission certificates of foreign study schools, and the maximum amount shall not exceed RMB 500,000.
Loans for studying abroad can be unsecured loans and unsecured personal loans for personal consumption. Just provide the application materials: ID card, income certificate, work certificate and loan use certificate.
The process of handling the loan for studying abroad is as follows:
Bank of China
Generally, the term of foreign exchange loan for studying abroad in China Bank is 1 ~ 6 years, and the maximum loan amount does not exceed 80% of the total tuition and living expenses of the borrower during his study abroad. Among them, it is divided into RMB loans for overseas students and foreign currency loans for overseas students. The specific loan term, loan proportion and loan amount shall be determined by the bank according to the expenses and guarantees required by the borrower to study abroad.
The characteristics of China Bank's overseas study loan products: it can be used for overseas study and living expenses of overseas students who are approved to study undergraduate, master and doctoral degrees abroad; Provide RMB loans and foreign exchange loans in five currencies: USD, GBP, JPY, EUR and HKD. Borrowers can choose according to actual needs, and overseas tuition and living expenses can be easily settled.
You can choose mortgage, pledge guarantee and third-party guarantee to apply for a loan. The repayment channel is fast and convenient: you can choose to remit money overseas, make repayment through online banking or entrust others to make repayment at home. Repayment grace is considerate and affordable: the lender can give the borrower a certain grace period, during which he only pays interest and does not repay the principal, which makes the use of funds more flexible.
agricultural bank
Measures for the issuance of loans for studying abroad by Agricultural Bank of China: The applicant shall handle this business at any branch of Agricultural Bank of China with his valid identity certificate, deposit certificate, passbook, bank card and national debt certificate, and fill out the "Application for Deposit Certificate of Agricultural Bank of China".
If I can't come for some reason, I can also authorize others to handle this business for me. In addition to the above-mentioned documents, the agent shall also hold the power of attorney of the authorized person and the valid identity certificate of the agent himself.
Validity period: the date when the bank issues the certificate of deposit is the date when the customer handles this business. The time limit for stopping the payment of the deposit involved in the application for issuing the deposit certificate shall be decided by the applicant and indicated in the application. If the date is the same day, the deadline is the date when the certificate is issued.
China Citic Bank
Borrowers applying for study abroad loans should meet the following conditions: having legal identity documents, local permanent residence or valid residence certificates; The borrower or his family members have a stable occupation and reliable income, and have the ability to repay the principal and interest of the loan on schedule or on behalf of them; The borrower or its sponsor has written proof materials for studying abroad; Having assets recognized by the bank as collateral or pledge; Other conditions stipulated by the bank.
The loan repayment method is determined according to the loan term and guarantee method, and the following methods can be adopted: a. Pledge method. If the loan term is within 1 year (including 1 year), the principal and interest will be repaid in one lump sum at maturity, and the interest will be paid with the principal; If the loan term is greater than 1 year, the principal and interest shall be repaid monthly or quarterly. In addition to the special provisions of the head office, some countries allow quarterly repayment of principal and interest, and monthly repayment of principal and interest will be adopted. B. Housing mortgage method. Regardless of the duration of the loan, the principal and interest will be repaid on a monthly basis.
References:
Baidu encyclopedia _ study abroad loan