Every summer vacation in July, a group of college students are busy with the same thing, that is, applying for student loans from students' places of origin. Many people only know that college students can apply for this loan, but they don't know how long they can apply. Let's look at the relevant regulations.

What are the longest and shortest years of student loans?

The longest and shortest credit loans for students are 20 years and 6 years respectively. After the loan applicant applies for a student loan, the interest during the study period will be subsidized by the finance. If the borrower chooses not to continue his degree in the year of graduation, he only needs to repay the interest within a grace period of three years. If there is no special reason, he will start to repay the initial principal and interest in the fourth year after graduation.

What is the process of applying for a student loan for the first time?

1, students who meet the relevant conditions can apply for a student loan from the relevant person in charge of the school;

2. Students need to fill in the student loan application form, then fill in personal information and provide proof of personal family status. Of course, students can also directly fill in the relevant student loan application information in official website of China Development Bank and print it;

3. Students should go to the local civil affairs department for examination and approval with the prepared information form, which should be signed and sealed by the civil affairs department;

4. Students submit these materials and supporting documents to the school authorities for examination and approval;

5. After the approval, the school will inform students and borrowers to sign loan contracts at school and wait for loans.

That's all. I hope it helps you.