If the repayment is made within 1 to 5 years, and the annual interest rate is 4.75%, then the annual interest rate is about 1400 yuan.
If it is repaid over five years, the annual interest rate is 4.9%, and the annual interest is about 1470 yuan.
Calculation method of student loan annual interest rate (%);
Loans within six months (including six months) 5.60
Loans from six months to one year (including 1 year) 6.00
Loans for one to three years (including three years) 6. 15
Loans for three to five years (including five years) 6.40
Loans for more than five years 6.55
Student loan interest rate The benchmark interest rate of RMB loan announced by the People's Bank of China is the same when the loan is issued. Interest-free during school, interest-free for one-time repayment after graduation, and interest for installment repayment. The longest repayment period of student loans is longer than that of national student loans. To put it bluntly, the total principal and interest is greater than the student loan, and the repayment pressure is heavier than the national student loan.
Student-origin credit student loan refers to the student loan issued by China Development Bank to eligible college freshmen and students with financial difficulties, which is handled in the county (city, district) where the students are registered before entering school. The loan funds are mainly used for students to pay tuition and accommodation fees during their school days. Student-origin credit student loan is an important part of national student loan.
Repaying student loans
Borrowing students are required to repay their student loans after graduation. Student-origin student loans are repaid through Alipay account. It should be noted that the normal repayment date of student-origin student loans is before 65438+February 20, and the repayment date of the last year is before September 20. If it is overdue, remember to repay it as soon as possible. Alipay can make overdue repayment on the 20th of each month.
Confirmation Form of Credit Student Loan for Students in Colleges and Universities
Instructions for completing the form:
1. This form is the application and approval form for eligible freshmen and students in colleges and universities to apply for student-origin student loans to the National Development Bank of the county (city, district) where their household registration is located before entering the school. Students applying for student loans must truthfully fill in all kinds of information listed in the form.
2. The domicile of the borrower shall be the county (city, district); The borrower must be an ordinary university or higher vocational school recognized by the national education authorities at all levels.
Students who have obtained a true, lawful and valid admission notice; Borrowing students' families are indeed families with financial difficulties. Borrowing students should be honest and trustworthy, law-abiding, and have no record of violation of laws and regulations.
3.* * * The borrower mainly refers to the parents of the borrowing students. If the borrower is an orphan, the borrower is another legal guardian, or a natural person with full civil capacity who voluntarily shares the repayment responsibility with the borrower.
4. Borrowing students should choose the time limit for applying for loans according to the academic system of colleges and majors. The upper limit of the loan term is "school years+10 year", with the longest not exceeding 14 year and the shortest not less than 6 years.
5. Qualification examination unit: township (street office) examination opinions need to be stamped with official seal.
Student-origin student loan refers to the student loan issued by China Development Bank to eligible freshmen and students from poor families. Its purpose is to help students with financial difficulties pay for tuition, accommodation and other expenses needed during their studies at school.
Students with financial difficulties in the loan target refer to college students who are unable to pay the basic study and living expenses during their study at school with their own and their families' self-raised funds.
Student-origin student loans are credit loans, and there is no need for mortgage and guarantee when applying. Students and their parents (or other legal guardians) are the same borrower, and both parties are responsible for repayment.
At present, the policy of student-origin credit loan issued by the state has been actively piloted in many provinces and cities across the country. Most cities have begun to implement student-origin credit student loans and apply for national student loans. Students need to consult the local education administrative department about the specific matters of applying for student-origin credit loan.
If college students need to know more about the policies and information about student loans from their places of origin, they can log on to the student loan information network of China Development Bank to understand and apply for student loans.