When students apply for a student loan, they usually need to go through the relevant formalities in the China Development Bank and open an account in the other bank. If the application is approved, the application funds will be directly transferred to your bank card. The school will deduct the necessary expenses such as tuition and accommodation from your card, and the rest will be handled by the students themselves.

Conditions for applying for a national student loan:

1, with full capacity for civil conduct (minors must have the written consent of their legal guardians);

2, honest and trustworthy, law-abiding, no violations; Study hard and be able to complete your studies normally;

3. Due to family difficulties, the income earned during the school period is not enough to pay the basic expenses (including tuition, accommodation and basic living expenses) needed to complete their studies;

4. Approved by the school;

5. Meet other conditions stipulated in the General Rules for Loans promulgated by the People's Bank of China.

Extended data

I. Contract signing

1, local funding centers review application materials.

2. The local financial aid center guides students to open personal accounts in the handling bank.

3. Sign the student credit loan contract →→→→→④ The local funding center issues the receipt of the student credit loan contract.

Second, the contract receipt

1. Borrowing students bring contract receipts to school.

2. The school shall go through the acceptance procedures according to the contract requirements.

3. The student will send the contract receipt back to the county-level financial aid center where the student is located.

4, the local financial aid center to prepare a summary report to the provincial student financial aid management center.

5, the provincial aid management center reported to the handling bank for approval.

Three. loan origination

1. The handling bank transfers the loan funds to the borrower's personal account.

2. The loan funds are transferred from the personal account to the tuition account of the borrower's school.

Fourth, contract changes.

After the signing of the loan contract, if the borrower needs to change the personal account name or account number, or cannot repay the loan according to the repayment plan agreed in the loan contract due to reasons such as continuing his studies or dropping out of school, the contract can be changed upon the borrower's own application and the approval of the county-level funding center. In principle, the adjustment of repayment plan can only be carried out within the loan period agreed in the contract, and it shall not be postponed.

Baidu Encyclopedia-Student Source Credit Student Loan