China Bank's "national student loan" refers to the credit loan that students from poor families in colleges and universities apply to financial institutions through their colleges and universities to pay tuition and accommodation fees during their studies. 1. Loan target: The borrowers of national student loans are full-time undergraduates (including vocational college students), graduate students and students with second bachelor's degree who have financial difficulties in ordinary colleges and universities. Second, the borrower's conditions: students applying for national student loans should meet the following conditions: (1) have People's Republic of China (PRC) nationality and hold the resident ID card of the People's Republic of China; (2) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians); (3) Honest and trustworthy, law-abiding, and no illegal acts; (4) Being able to complete their studies normally; (5) Due to the family's financial difficulties, the funds that can be raised are not enough to pay for their tuition and accommodation during their study at school. 3. Loan application: Universities and handling banks are jointly responsible for consulting the national student loan business. During the validity of the agreement, students can apply for national student loans. In principle, the national student loan business takes the form of students applying for and signing a loan contract once at school, and the handling bank issuing loans in different academic years; Students who apply for loans apply to our colleges and universities within the specified time, receive the "Application for National Student Loan" and other related materials, fill them out truthfully and completely, and provide relevant certification materials. Colleges and universities can handle national student loans for students who apply for loans in batches. 4. Submission materials: Students applying for national student loans must submit the following materials: (1) Application for national student loans; (2) A copy of my student ID card and resident ID card/household registration book (the minor must provide the valid identity certificate of the legal guardian and a written statement agreeing to apply for a loan); (3) Questionnaire survey of college students and families verified and confirmed by township or street civil affairs departments. As there are some differences in different regions, please consult local institutions in detail when applying for loans.
The above contents are for your reference. Please refer to the actual business regulations.
National student loan process
The process of student loan is:
Step one:
Students should prepare their ID cards, household registration books, admission notices or student ID cards, and proof of family financial difficulties issued by the relevant departments where their families are located, and submit a loan application (student-origin loan) to the Student Financial Assistance Management Center of the Education Bureau of the county, city and district where their household registration is located, or submit a loan application (national student loan) to the bank through the school, fill in the loan application form and submit materials.
Step two:
Student-origin loan is the application materials submitted by students, which are examined by the aid center in the place where the students are registered. After passing the examination, students will be guided to sign a loan contract and open a personal account at the handling bank. At the same time, a loan contract receipt will be issued and handed over to the school by the students. The school will go through the relevant formalities as required, and then send the receipt back to the financial aid center where the students are registered. The local financial aid center will sort out the information and submit it to the provincial student financial aid management center, which will submit it to the handling bank for final approval.
The national student loan is the student financial aid department of the school, which is responsible for the qualification examination of students' loan applications, checking the authenticity and completeness of the information provided by students, and after confirming that the information is true and correct, it will be submitted to the handling bank for final approval.
How to apply for a national loan
After receiving the letter of admission, students can apply for a student loan with their parents at the Student Financial Assistance Management Center of the Education Bureau of the county (city, district) where they are registered, fill in the loan application form, and provide their ID card and the original and photocopy of their parents' household registration book, the letter of admission to colleges and universities and its photocopy, and the family poverty certificate issued by the relevant departments of the local government.
How to apply for a national loan to go to college?
Student loan application process
First, apply. Students apply for student loans, receive the "National Student Loan Application Approval Form" and other materials, fill them out truthfully and completely, and prepare relevant supporting materials to return to the school's national student loan agency.
Second, the school agency loan trial. The school organizes students to apply for loans within the annual loan amount and control ratio issued by the National Student Loan Management Center, accepts student loan applications, and conducts preliminary examination of loan materials submitted by students.
Three, the handling bank for loan approval. After the school agency has passed the preliminary examination, it will submit the relevant materials to the agency bank for loan approval.
Four. Bank approval.
Verb (abbreviation of verb) Sign a loan contract. After the loan application is approved, the school will organize students to fill in and sign loan contracts and IOUs within 10 working days according to the loan student roster provided by the handling bank and submit them to the handling bank.
Six. Issue loans. The handling bank shall, within 20 working days after signing the loan contract and receipt with the borrowing students, uniformly transfer the first-year tuition, accommodation and living expenses loans into the designated account opened by the school in the handling bank.
What is the national bank loan interest rate?
The national loan interest rate varies according to the types of loans, which mainly include commercial loans and provident fund loans, and loans will also be divided into long-term loans and short-term loans.
Short-term loans (within one year, including one year): the national loan interest rate is 4.35% per annum.
Medium-and long-term loans: loans from one year to five years (including five years). The national loan interest rate is 4.75% per annum, and the loan interest rate for more than five years is 4.90% per annum.
What is the maximum loan interest stipulated by the state?
The state stipulates that the maximum interest rate of private lending is four times the benchmark interest rate of banks, depending on the loan period. For example, if your loan is a one-year loan and the benchmark interest rate of the People's Bank of China is 6%, then the maximum interest rate of private lending cannot exceed 24%, otherwise it will be illegal.
7% interest of 500,000 = 5,000,007% = 35,000 yuan, which is one year's interest.
The highest interest rate of personal loans mainly depends on two aspects. The first is what kind of loans the bank you choose has, and the second is the value of your collateral (pledge).
At present, all banks are controlling loans because the country has raised the reserve ratio. If you want to apply for a personal consumption loan, it is estimated that few banks can do it. Even if you do, the interest rate is relatively high.
As for the value of collateral, if you are mortgaged by real estate, the general procedure is to find an appraisal company to produce an appraisal report first, and then multiply your appraisal price by a certain proportion to calculate your loan amount.