Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. The simple and popular understanding is to borrow money with interest.

Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction for supplementary funds and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Student loan:

As a leading consumer credit information service enterprise in China, Li Rong. Com is the only enterprise in China that has launched MBA student loan program. It provides a bridge loan for MBA freshmen, which can help students easily solve the tuition problem.

MBA freshmen can apply for a low-interest student loan of10-200,000 RMB with the admission notice. If equal principal and interest repayment is adopted, the monthly interest rate is even as low as 0.7%, which is lower than the interest of bank credit card installment. After entering school with this kind of student loan provided by Lirong.com,

MBA students can apply for a national student loan with a low interest rate from the school, and then use the national low-interest loan to repay the tuition bridge funds in one lump sum. This operation requires the borrower to indicate the service before interest when applying, that is, to apply for a student loan with this form before entering school.

The best application period is six months. Generally, the national student loan applied for in September will not be approved until February of the following year. In this way, MBA freshmen don't have to worry about the high tuition fees at one time, and they can easily complete their studies through student loans.