The student loan is not paid off, that is, the borrower is overdue, which will produce a bad credit record. The term of the student loan is 10 year, and the interest rate is based on the benchmark interest rate. Students' interest during school is fully subsidized by the state, and they must pay their own interest after graduation.
Considering that some students may not be able to find jobs in time after leaving school, the state has also set a grace period of two years after graduation. During the grace period, students only need to pay interest without repaying the principal. However, due to the lack of understanding of the policy, many students think that the grace period means no repayment and no interest. As a result, there have been some cases of overdue repayment.
If it is maliciously overdue, you can explain to the bank and cancel your bad credit record. Don't be discouraged if there is indeed negative information in the credit report. This information will be deleted from the credit report after a certain number of years, and as long as individuals are honest and trustworthy in future credit activities, with the passage of time, new good records will gradually refresh and replace the old negative records.
Extended data
National student loan funding standard
Full-time college students (including second bachelor's degree and higher vocational students, the same below) apply for a loan amount of no more than 8,000 yuan per person per year; If the sum of tuition and accommodation fees is less than 8,000 yuan per year, the loan amount can be determined according to the sum of tuition and accommodation fees. Full-time graduate students each apply for a loan amount of no more than 12000 yuan per year; If the sum of annual tuition and accommodation fees is less than 12000 yuan, the loan amount can be determined according to the sum of tuition and accommodation fees.
Proportion of national student loans
The national average subsidy ratio of full-time college students' national student loans should be equivalent to that of that year, and the subsidy ratio of all regions and universities should be equivalent to that of their own regions and universities. The proportion of national student loans for full-time graduate students is determined according to the coverage of scholarship policies such as national scholarships and academic scholarships and the situation of students with financial difficulties.
Full-time college students are not allowed to apply for national student loans and student-origin credit student loans repeatedly in the same academic year, and they can only choose to apply for one of them. In principle, full-time graduate students apply for national student loans on campus.
Letter of credit clause
1, a natural person of China nationality who has reached the age of 18, has full capacity for civil conduct and has a fixed residence and valid identity documents in China.
2, with a legitimate occupation and stable economic income (except for students who apply for student loans), can guarantee the repayment of loan principal and interest on schedule.
3. Open a savings account in a loan bank and deposit not less than the down payment of the total consumption and the estimated mortgage registration fee, notary fee, insurance fee and other expenses.
4. It can provide effective guarantee measures recognized by banks for personal consumption loans.
5. The purpose of the loan is within the prescribed scope.
Credit line/quota/quota/ceiling
1. Where the loan is applied by pledge, or the bank or insurance company provides joint liability guarantee, the down payment shall not be less than 20% of the total value of consumer goods, and the loan amount shall not exceed 80% of the total value of consumer goods.
2. If the borrower or a third party applies for a loan with real estate mortgage, the down payment shall not be less than 30% of the total value of consumer goods, and the loan amount shall not exceed 70% of the total value of consumer goods.
3. Where a third-party guarantee is used to apply for a loan (except banks and insurance companies), the down payment shall not be less than 40% of the total value of consumer goods, and the loan amount shall not exceed 60% of the total value of consumer goods.