The loan interest rate shall be implemented in accordance with the benchmark interest rate for loans of the same grade in the same period stipulated by the People's Bank of China. The borrower's loan interest is fully subsidized by the finance during his school days, and the individual bears all the loan interest after graduation;

Before ICBC issues the national student loan, the borrower can agree with the bank on the first repayment date of the loan, that is, between the loan issuance date and the first repayment date. The borrower does not need to repay the loan principal and interest, and the interest generated during this period can be repaid by interest dilution method and interest priority repayment method. If repayment methods such as equal monthly principal and interest and average capital are adopted, the repayment principal and interest shall be calculated according to the corresponding formula.

The national student loan interest rate of China Industrial and Commercial Bank 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, and shall not rise.

The current annual loan interest rate is:

One year to three years (inclusive): 5.76%;

Three to five years (inclusive): 5.85%;

More than five years: 6. 12%.

If the loan is repaid in advance, the handling bank will calculate the interest according to the actual term of the loan, and will not charge any other fees except the interest payable. Interest = loan amount * corresponding annual interest rate * loan days /365

Two. China Industrial and Commercial Bank National Student Loan Term

The borrower must pay off the loan within 6 years after graduation, in which the loan grace period is 1 to 2 years, but the longest loan period shall not exceed 10 years.