The family is in financial difficulties and has excellent grades. Of course, it is their own actual situation, because the family has difficulties before lending. Parents at home are sick, leading to poverty; Or because of any disaster at home, the harvest is not good; Or have a minimum living allowance at home, parents can also write down any employment certificate and unemployment certificate.
The most important thing is to reflect the real economic situation at home. Student-origin credit loan is a bank loan that is led by the government, subsidized financially, and financially compensated for certain risks. It is operated by banks and education administrative departments to help newly admitted students with financial difficulties pay the tuition and accommodation fees required during their studies in colleges and universities.
Commercial credit loan
Students or their legal guardians apply to rural credit cooperatives, banks and other financial institutions where their families are located. There is no need for guarantee or mortgage, but they need to promise to repay on time and bear relevant legal responsibilities.
Application conditions:
Full-time undergraduates in ordinary colleges and universities can apply for student-origin credit loan if they meet the following conditions: (1) Family financial difficulties; (2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards; (3) Having full capacity for civil conduct (the application of minors must be approved in writing by their legal guardians);
(4) Honest and trustworthy, law-abiding, no illegal behavior; (5) study hard and be able to complete their studies normally; (6) Students' pre-school household registration and their parents' (or other legal guardians') household registration are in the county (city, district).
operation sequence/order
Students' credit student loans are applied, approved and issued on an annual basis. Before the start of the new semester, students apply for loans from the student financial assistance management center or the financial assistance office of the Education Bureau in the county (city, district) where their families are located. The county-level student financial assistance management center is responsible for the qualification examination of the applications submitted by students. The bank is responsible for the final approval and issuance of loans.
amount of loan
The loan amount applied by the borrower for each academic year shall not exceed 6,000 yuan in principle.
loan interest
The interest rate of student-origin credit student loans shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. Students' interest during school is fully subsidized by the finance, and the interest after graduation is shared by the students and their parents (or other legal guardians).
Repayment term and repayment method
In principle, the term of student-origin credit student loans shall be determined according to the full-time undergraduate academic system plus 10 years, and the longest term shall not exceed 14 years. If the educational system exceeds 4 years, the repayment period of students after graduation will be shortened accordingly. The two-year grace period is for students at school and after graduation. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.