The study abroad loans granted by some cities of China Merchants Bank to natural persons are used to pay the tuition and living expenses of visa applicants or immediate family members during their study abroad.
Requirements: 1. Having legal and valid identification; 2. Age plus loan period shall not exceed 70 years old; 3. Have the ability to repay the loan principal and interest on time; 4. Have obtained the notice of studying abroad or other admission documents; 5. Abide by the law, be honest and trustworthy, have no illegal acts, and have not involved any criminal cases or civil cases against them at present; 6. Other conditions stipulated by this institution.
The amount needs to be determined according to the proof materials such as the notice of studying abroad. In principle, a single credit shall be at least 1 000 yuan and at most 1 000 million yuan. The specific amount needs to be confirmed by contacting the local outlets.
Generally, it is handled by mortgage, and the longest loan period is no more than 8 years (inclusive); With credit, the longest loan period does not exceed 3 years. It is recommended that you confirm with your local outlets whether you can apply.