Education loan refers to loans provided by banks or other financial institutions to students and their parents to pay for education-related expenses (such as tuition and accommodation). The access requirements for education loans mainly include the following aspects: 1. Personal credit history. The bank will review the borrower's credit record, evaluate his repayment ability and willingness, and find out whether the borrower has a good credit record. Second, the income situation. Banks will pay attention to the borrower's income source and income stability and evaluate its repayment ability. Third, the employment situation. Banks will pay attention to the employment situation and career development prospects of borrowers and evaluate the stability of their repayment ability. Four. Loan term and repayment method. The bank will review the loan term and repayment method to ensure that the borrower can repay the loan on time without causing serious economic burden. It should be noted that different banks may have different access requirements for education loans, and the specific requirements and standards need to be subject to the regulations of local banks.
What are the repayment methods of education loans? The repayment methods of education loans generally include matching principal and interest, average capital and monthly interest payment. Among them, matching principal and interest is the most common repayment method, and the principal and interest are repaid regularly every month; The average capital pays the same principal and decreasing interest every month; Paying interest on a monthly basis means paying the corresponding interest every month and paying the principal in one lump sum when due. The specific repayment method needs to be selected according to the individual's actual situation and bank regulations.
Access requirements for education loans mainly include personal credit record, income status, employment status, loan term and repayment method. Different banks may have different access requirements for education loans, so it is necessary to refer to the regulations of local banks. At the same time, the repayment methods of education loans include matching principal and interest, average capital and monthly interest payment. Individuals need to choose according to the actual situation.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons.
The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.
Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.
Article 670 Interest on a loan shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan will be repaid according to the actual loan amount and the interest will be calculated.
Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.
If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.
Article 672 The lender may inspect and supervise the use of the loan as agreed. The borrower shall regularly provide relevant financial and accounting statements or other materials to the lender as agreed.
Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.