There is no need to repay the financial discount. For example, the interest rate of bank loans may be 5%. Because students have no income and low credit, banks may be reluctant to take the initiative to lend to students. Therefore, the government has introduced a financial discount policy to encourage banks to lend. Suppose the financial discount rate is 3%, which means you only need to repay the principal and 2% interest.

There are two main ways of financial discount:

(1) The finance will directly allocate the discount interest funds to the beneficiary enterprises;

(2) The finance will allocate the discount interest funds to the lending banks, which will provide loans to the enterprises at preferential interest rates, and the beneficiary enterprises will calculate and confirm the interest expenses at the actual interest rates.

Extended data

Repayment method

(1) Students shall pay off in one lump sum or in installments before graduation;

(2) After graduation, students can look at their own movable funds to repay the loan;

(3) After the probation period expires, graduates will be deducted from their wages every month within two to five years;

(4) The unit where the graduates work decides to reduce the loan repayment according to their performance;

5] For students who have borrowed money, if they are expelled from school, ordered to drop out of school or voluntarily dropped out of school for violating national laws and school discipline, the parents of the students are responsible for returning all the loans.