Conditions for examination and approval of student loans

1. If the borrower has People's Republic of China (PRC) (China) nationality and is over 16 years old, he/she must hold an ID card. A copy of the borrower's student ID card and ID card; Minors applying for student loans shall provide their legal guardians' valid identification and written loan application consent.

2. Have full capacity for civil conduct. If a minor applies, his legal guardian shall issue a written consent.

3. The borrower's family is in financial difficulties. A certificate of family financial difficulties issued by the relevant department for the borrower.

4. Honesty and trustworthiness, good quality, no illegal behavior.

5. The borrower has certain learning ability and can guarantee normal graduation. The time for students to apply for student loans is generally after the start of the new school year, and students apply for loans from banks through schools.

It should be pointed out that the examination and approval of student loans from students' places of origin requires two stages. When making the first loan, borrowing students and co-borrower need to go to the student financial assistance management department where their household registration is located. The student asset management department signs a contract with the borrower, issues an acceptance certificate, and the student brings the acceptance certificate to the university for declaration. The student asset management department of the school shall enter the electronic receipt before June 10, and issue the loan after being audited by China Development Bank.

Legal basis:

Provisions on several issues concerning the application of law in the trial of private lending cases

Article 1 The term "private lending" as mentioned in these Provisions refers to the financing between natural persons, legal persons and unincorporated organizations. These Provisions shall not apply to financial institutions and their branches established with the approval of financial supervision departments to engage in loan business, and disputes arising from loans and other related financial businesses.

Article 2 When a lender brings a private lending lawsuit to the people's court, it shall provide such creditor's rights certificates as IOUs, receipts, IOUs and other evidence that can prove the existence of the legal relationship between lending and borrowing. If the creditor's rights certificates such as IOUs, receipts and IOUs held by the parties do not specify the creditor, and the parties holding the creditor's rights certificates file a private lending lawsuit, the people's court shall accept it. The defendant raised a factual defense against the plaintiff's creditor qualification, and the people's court ruled that the plaintiff did not have the creditor qualification after examination and dismissed the prosecution.

Article 24 The people's court shall not support the lender's claim to pay interest if the borrower and the lender have not agreed on interest. If the interest agreement between natural persons is unclear and the lender claims to pay interest, the people's court will not support it. Except for loans between natural persons, if the agreement on loan interest between the borrower and the lender is unclear, and the lender claims interest, the people's court shall determine the interest according to the contents of the private loan contract, the local or the parties' trading methods, trading habits, market quotation rate and other factors.