At present, the study abroad loans granted by natural persons of China Merchants Bank are used to pay the tuition and living expenses incurred by visa applicants or their immediate family members during their study abroad. Minors can let their immediate family members apply, which is in line with the contact network.

Requirements: 1. Clear; 2. Age plus loan period shall not exceed 70 years old; 3. Have the ability to repay the loan on time, have obtained the notice of studying abroad, abide by the law, be honest and trustworthy, have no illegal acts, and have not involved in any criminal cases or other adverse civil situations.

The amount needs to be determined according to the proof materials such as the notice of studying abroad. In principle, a single credit shall be at least 1 000 yuan and at most 1 000 million yuan. The specific amount needs to be confirmed by contacting the local outlets.

Generally, it is handled by mortgage, and the longest loan period is no more than 8 years (inclusive); With credit, the longest loan period does not exceed 3 years. It is recommended that you confirm with your local outlets whether you can apply.

The common repayment methods of loans are: equal repayment, etc. If the loan term is less than 1 year (inclusive), monthly interest payment can also be adopted. The specific loan method you apply for needs to be negotiated and determined by the handling agency in combination with your actual needs and other comprehensive conditions. You can contact the handling bank directly for confirmation.

2. What are the repayment methods of China Bank's personal study abroad loan?

Repayment method of personal study abroad loan of China Bank: If the loan term is less than one year (inclusive), you can choose to repay the principal and interest with equal monthly/quarterly amount; Or pay interest on a monthly/quarterly basis and repay the principal when due; Or repay the principal and interest in one lump sum at maturity. If the loan term is more than one year, the repayment method of equal monthly principal and interest/average capital shall be adopted; Loans for the purpose of studying abroad for deposit can be repaid by monthly interest, annual principal repayment or monthly interest and one-time principal repayment according to the situation. The above contents are for your reference. Please refer to the actual business regulations.

3. Can I study abroad if my personal loan is not paid off? Can I go abroad if my personal loan is not paid off?

Loan for studying abroad: The borrower must meet the following seven conditions:

1. The borrower has full capacity for civil conduct, and the actual age of the loan due date is no more than 55 years old;

2. The borrower has no violation of laws and regulations, is healthy, and is honest and trustworthy;

3. If the borrower is an overseas student, he should have a permanent residence or other valid residence status at the lender's place before studying abroad;

4. If the borrower is an immediate family member or spouse of a student studying abroad, he should have a permanent residence or other valid residence status in the area controlled by the lender, have a fixed residence, have a stable occupation and income source, and have the ability to repay the principal and interest on schedule;

5. The borrower shall hold an admission notice or other valid admission certificate issued by the school where the student intends to study abroad;

6. The borrower shall provide property mortgage, pledge or third-party guarantee recognized by the lender. Mortgaged property is limited to property with mortgage right; Pledges are limited to securities such as government bonds, bank certificates of deposit and corporate bonds; The guarantor shall be a legal person or natural person with compensatory ability, and be willing to bear joint and several liability for repayment;

7. Meet other conditions stipulated by the lender.

Fourth, how to repay the loan for studying abroad?

Applicants for study abroad loans must be intended students, their immediate family members or spouses. Here are seven conditions: 1. The borrower should have good capacity for civil conduct and capacity for conduct, and be under 55 years old before the maturity date of the loan; 2. The borrower has no violation of laws and regulations, is in good health, and is honest and trustworthy; 3. The borrower is a student who wants to study abroad, so he should have the lender's permanent residence status or other valid residence status before studying abroad; 4. If the borrower is an immediate family member or spouse of an overseas student, he should have the area controlled by the lender, or have a permanent residence or other valid residence status in the Mainland, a fixed residence, a stable source of employment and income, and the ability to repay the principal and interest on schedule; 5. The borrower has another valid admission certificate, or it is issued by the relevant study abroad school in the Notice of Admission of Intended Students; 6. The borrower must provide property pledge, third-party guarantee or mortgage certified by the lender. Mortgaged property currently limited to mortgaged property; For pledge, it is currently limited to bank certificates of deposit, government bonds, corporate bonds and other securities; On the other hand, the guarantor should be a legal person or natural person with compensatory ability, willing to bear joint and several repayment responsibilities; 7. The lender shall meet all other conditions specified. At present, there are three main banks that can provide loans for studying abroad, namely CITIC Bank, mainly targeting Australia and New Zealand. Shanghai Pudong Development Bank said that their loan was highly recognized by the Australian Embassy. China everbright bank. Mainly for Britain, Ireland, Australia and Singapore.