Civil Capability / Civil Capacity
One of the conditions for applying for a loan for studying abroad is a natural person with full capacity for civil conduct.
Detailed address
The second condition for applying for a loan for studying abroad is to have local permanent residency or valid residence status and a fixed detailed address.
letter of admission
The third condition for applying for a loan for studying abroad is a formal admission notice or an admission notice from an overseas school.
Tuition certificate
The fourth condition for applying for a loan for studying abroad is that there are proof materials issued by overseas schools for tuition and miscellaneous fees required during the study period.
Asset pledge
The fifth condition for applying for a loan for studying abroad is to provide an asset mortgage or pledge recognized by China Bank or a third-party guarantor with compensatory ability and joint liability.
A certain percentage of expenses
The sixth condition for applying for a loan for studying abroad is that the borrower has a certain proportion of the required expenses.
Other loan conditions
The seventh condition for applying for a loan for studying abroad is other loan conditions stipulated by the Bank of China.
Credit line/quota/quota/ceiling
The limit for applying for study abroad loan is that the maximum loan amount does not exceed 80% of the total tuition and fees and normal living expenses of the borrower during his study abroad, and the maximum loan amount of each borrower does not exceed 40,000 US dollars.
deadline
Generally, the time limit for applying for a loan for studying abroad is one to six years.
loan rate
The interest rate for applying for a loan for studying abroad is the same as that stipulated by the Bank of China. If the loan term is within one year (including one year), the interest shall be calculated at the interest rate agreed in the contract. When the interest rate is adjusted, the contract interest rate remains unchanged; If the loan term exceeds one year, in case of interest rate adjustment, the interest rate will be adjusted according to the regulations of Bank of China on interest rate adjustment.