The loan for studying abroad can be repaid after graduation. In general, the repayment period is 1~5 years. Among them, the loan from China Bank for studying abroad is 1~6 years, and the loan will have a grace period of two years, during which only the interest will be repaid, but not the principal. After the deadline, you need to repay the loan principal and interest according to the contract, mainly depending on which bank you apply for the study abroad loan.

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 for studying abroad and living expenses. Nowadays, in addition to studying abroad loans, foreign currency traveler's checks are also a convenient way of remittance payment. Traveler's check refers to a fixed denomination bill issued by domestic commercial banks, printed by overseas banks or professional financial institutions, with the issuer as the final payer and the freely convertible currency as the pricing and settlement currency. Domestic residents must personally sign the check when purchasing. You only need to sign it again when you change it, which is convenient for people who study abroad or travel abroad.

The borrower shall meet the following conditions:

1. The borrower has full capacity for civil conduct, and the actual age of the loan due date is no more than 55 years old;

2. The borrower has no violation of laws and regulations, is healthy, and is honest and trustworthy;

3. If the borrower is an overseas student, he should have a permanent residence or other valid residence status at the lender's place before studying abroad;

4. If the borrower is an immediate family member or spouse of a student studying abroad, he should have a permanent residence or other valid residence status in the area controlled by the lender, have a fixed residence, have a stable occupation and income source, and have the ability to repay the principal and interest on schedule;

5. The borrower shall hold an admission notice or other valid admission certificate issued by the school where the student intends to study abroad;

6. The borrower shall provide property mortgage, pledge or third-party guarantee recognized by the lender. Mortgaged property is limited to property with mortgage right; Pledges are limited to securities such as government bonds, bank certificates of deposit and corporate bonds; The guarantor shall be a legal person or natural person with compensatory ability, and be willing to bear joint and several liability for repayment.