In most cases, international students need to have good credit level and repayment ability if they want to apply for study abroad loans. At the same time, international students need to meet the relevant requirements of specific banks.
First of all, international students need to have a good credit level.
When applying for a loan, international students should be over 18 years old and have a good credit level. Their personal credit records should not be overdue and there should be no credit compensation. At the same time, international students can prove their repayment ability by providing other materials, thus improving the success rate of applying for loans.
Second, international students need to provide certain guarantees or mortgages.
Due to students' limited income and relatively high loan amount for studying abroad, international students need to provide certain guarantees or collateral when applying for loan products. Guarantee generally refers to the income ability or fixed assets of the guardian of international students, and collateral can also be the corresponding assets of the guardian. After providing certain guarantees and collateral, the success rate of foreign student loans will be greatly improved.
Third, international students also need to provide basic information and admission information.
The basic information of international students generally refers to personal identity documents, and the admission information refers to the admission notice or invitation letter of relevant institutions. After providing the above information, the bank will review the relevant information. When the information is correct, the bank will start the review process of international student loans. In most cases, loans applied by international students can only be used for tuition and living expenses, and cannot be used for other purposes. Once the bank finds that foreign students use foreign student loans for other consumption or investment activities, the bank has the right to fully recover the user's loans and require the user to fully repay the principal and interest generated by the loans.