Student loans can help college students solve part of their tuition and living expenses. As long as they are repaid on time, they can apply every year. So what will happen if the student loan is not on time?

1. Disciplinary action against dismissal

If you fail to repay the loan funds on time as agreed in the loan contract, it will be regarded as a breach of contract, and the loan bank will charge corresponding penalty interest according to your overdue time and amount, and the interest rate will reach130% of the ordinary loan interest rate;

2. Dishonest disciplinary action

If the loan funds are not returned on time as agreed in the loan contract, the bank will think that it is a malicious delay, and will face the following situations: (1) Bad credit records will be incorporated into the personal credit information system, which will directly affect the use of the borrower's personal credit card (debit card), and the purchase of houses, car loans, related services of other financial institutions and financial products will be restricted in the future; (2) The information of students who violate the contract will be included in the postgraduate education inquiry system and notified to the employment unit, which will have an important impact on their employment and participation in social recruitment; (3) Lenders involved in a large amount and in a bad situation may face bank prosecution and bear corresponding legal responsibilities.

Therefore, when borrowing money, we should fully consider the individual's repayment ability, and at the same time, we must pay off the loan on time according to the amount, so as to avoid serious consequences.

What would it be like to help loans overdue? There are these consequences!

No matter any credit product, it must be repaid on time. If you don't pay off after the repayment date, you will face a series of overdue consequences. Student loan is a kind of bank loan. Students enjoy interest-free benefits while at school. What if they don't repay in time? Overdue will have these consequences.

First, what will happen to loans overdue as a student?

1. If a student fails to repay the loan as agreed, and is in arrears for more than 1 year, and does not contact the county-level student aid center on his own initiative, according to the loan contract, the China Development Bank and the county-level student aid center have the right to publish information such as his name, ID number, graduation school and breach of contract in news media, internet and other information channels without informing him.

2. Bad credit record. Student loans will upload students' overdue records. Just after graduation, personal credit information will turn black, and future financial business can't be handled, such as applying for mortgage, car loan and credit card. Even if it is paid off later, the bad record will be kept for 5 years after the overdue loan is settled. In short, the consequences are more serious.

3. Penalty interest. On February 20th of that year, 65438 failed to repay in time, which was regarded as loans overdue. After the repayment of the principal is started, the overdue principal will be charged with penalty interest at the current interest rate 130%. In case of overdue repayment, overdue principal and interest and corresponding penalty interest shall be repaid. The specific amount can be found in the student online service system on 1- 19 every month.

Second, how to repay the student loan?

From 111October1to 65438+February 20 (from1September to September 20 in the previous year), log in to Alipay (mobile phone or PC) and directly recharge in the designated account or use the "student loan repayment" function to repay.

What will happen if the student loan is not on time?

Another graduation season. According to the regulations, the aided graduates of the national student loan will repay the loan from this year. What kind of papers will graduate students who face the test of integrity hand over?

Letter of good faith for aided students

"I will be honest and self-disciplined, and I will keep my word ..." Recently, in the auditorium of Vocational and Technical College of Guizhou Normal University, Huang Fuyu led hundreds of newly aided graduates of national student-origin student loans to take an oath of integrity loudly, promising to repay the student loans in time after graduation.

"This loan has changed my destiny and life." As one of the aided graduates, Huang Rong of Class 20 1 1 of Foreign Languages College of Guizhou Normal University was deeply touched. In Fuyu, Huang Like, more poor students successfully completed their studies with the help of CDB national student loan. Statistics show that since 2007, CDB Qianzhou Branch has issued a total of 4.57 billion yuan in student loans, and * * * has helped 872,000 students from poor families.

The consequences of breach of contract are very serious

Today, the aided students of that year are about to graduate and leave school. According to the regulations, they began to repay the loan interest in the year of graduation and the loan principal in the second year of graduation. If you don't repay the student loan on time, you will suffer the consequences. This consequence has two aspects:

1. liquidated damages for breach of contract: if the loan principal is not repaid on time as agreed in the loan contract, penalty interest will be charged according to the actual overdue amount and overdue days, and the penalty interest rate will be 130% of the normal loan interest rate.

II. Punishment for breach of trust: According to the relevant provisions of the state, China Development Bank will take the following measures against borrowers who have repeatedly overdue and maliciously defaulted on loans:

Load the information of defaulting students and borrowers into the personal credit information system of China People's Bank. As long as the bad credit records are loaded into the personal credit information system, it will directly restrict the application and use of almost all financial products related to financial institutions, such as students' and borrowers' personal credit cards, house purchase and car purchase loans;

Load the information of the defaulting students into the graduate education inquiry system, and inform the defaulting students and the employment units of the same borrower of the default situation. This has a great influence on the employment of students who violate the contract and take various social recruitment examinations.

Lenders who seriously breach the contract will also bear relevant legal responsibilities. The National Development Bank can recover debts by legal means.

Do a good job of integrity before leaving school.

How to repay in full and on time and maintain a good credit? Li Yun, business manager of CDB Guizhou Sub-branch, suggested that students sort out the loan contract before leaving school, so as to be aware of it.

It should be noted that if the loan gets a passbook or bank card, it must be activated in advance to ensure the normal status of the account; Because the bank will deduct the related account management fee, please deposit more 10 yuan or 20 yuan; If the bank card is lost, please reissue it in time, and inform the financial aid management center that accepts the loan to replace the new card number, otherwise the deduction will not be successful.

What will happen if loans overdue pays back the student aid?

Many students go to college by relying on national student loans to complete their studies. As soon as I graduated from college, I was faced with the obligation of repayment. But more or less, there are students who are overdue. So, what about helping loans overdue? What risks will the borrower take?

1. If a student who borrows a national student loan fails to repay the loan within the time limit and amount stipulated in the repayment agreement signed with the handling bank, the handling bank will charge a penalty interest on the amount of default repayment.

2. The handling bank will input the basic personal information and repayment information of graduate students into the basic database of personal credit information of the People's Bank of China for the national financial institutions to inquire according to law. If the graduates of the national student loan break the contract seriously, it will affect them to apply for other personal consumption credit from financial institutions.

3. After entering the repayment period according to the repayment agreement, the relevant administrative departments and banks will announce the borrower's name, citizenship number, graduation school, specific breach of contract and other information through news media, internet and other information channels.

4. The legitimate rights and interests of both sides of the handling bank are protected by national laws, and the lenders who seriously breach the contract will also bear relevant legal responsibilities.

These are the consequences of the serious breach of the student loan introduced to you. Everyone must repay the loan on time to avoid this phenomenon.