According to the national student loan policy, students who apply for this loan do not need to pay interest during their normal study at school, but they need to bear the loan interest from September 1 day of the graduation year. The national student loan interest rate 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 to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%. It is reported that the national student loan adopts the cumulative interest-bearing method, and the interest is calculated annually according to the actual number of days. Product interest method formula: interest = accumulated interest product × daily interest rate, where accumulated interest product = total daily balance of the account.
The value date is the loan issuance date of the Development Bank, and the interest settlement date is 65438+ February 20th every year (the interest settlement date of the last year of the loan is September 20th).
Second, I applied for a student loan at the credit union today. How can I get interest? Isn't it interest-free
Because you graduated, you have the ability to earn money, and you have to bear everything yourself.
Third, isn't the student loan interest-free? How to pay interest?
Starting from the loan, you can enjoy preferential discount policy before repayment.
4. Does the student loan still pay interest?
Pay it back on time and there will be no interest. The national student loan enjoys the policy of free loan interest during school, but it needs to start paying interest after graduation, and only needs to pay interest within two years after graduation. Starting from the third year, it needs to pay part of the principal in addition to interest. For example, an undergraduate student in a university has a national student loan of 6,000 yuan with a loan period of 8 years. Since interest is free during school, you only need to repay interest after two years of graduation and principal and interest in the third year, so the annual repayment amount of interest is as follows. Assuming that the national student loan amount is 6000 yuan, the repayment period is 4 years and the loan interest rate is 4.90%, the repayment interest in the first year is 60008 1 day. 4.90%/360=66. 15 (calculated from September 1 when the student loan is applied to 65438+February 20) The repayment interest in the second year is: 60004.90 The repayment interest in the third year is: 60004.90%=294 yuan (the principal has not been repaid in the previous two years) The repayment interest of the fourth year is: 30002754.90%/360 =112.29 yuan (because the repayment date of the last year is September 20th, the loan interest of the last year is actually less than one year. If the annual interest rate is calculated on a daily basis, the actual loan days are equal to the daily loan interest; At the same time, the remaining principal must be repaid in the last year, so the remaining principal needs to be repaid in the fourth year. Note: The repayment period of national student loans is different, and the calculation method of repayment interest is also different, but generally speaking, the calculation method in this case is applicable to the calculation of repayment interest of national student loans and student-origin student loans. Students who don't know how to calculate repayment interest can substitute their loan amount, repayment period, loan interest rate and other known information into the calculation formula according to this case, so that the annual repayment interest of national student loans can be clearly settled. Because of the national student loan interest rate adopted by the People's Bank of China in the same period, that is to say, if the benchmark interest rate of loans of the same grade in the same period announced by the People's Bank of China is adjusted, the national student loan interest rate will be adjusted accordingly. Generally speaking, the loan interest rate will be adjusted once a year from the loan issuance date of 65438+February 2 1 (subject to the contract). The national student loan interest rate may not be adjusted every year, so you don't have to worry that the national student loan interest rate will increase year by year. The annual interest rate of the loan will increase with the increase of the loan period. However, the interest of the national student loan during school is subsidized by the government, and only the interest is paid after graduation. Therefore, it can be said that if the loan period is only during the school period, then the interest-free national student loan is undoubtedly very cost-effective.