Students don't need to pay interest during their school days, and the interest is subsidized by the finance. If students can repay their loans in one lump sum immediately after graduation, they will enjoy interest-free; However, if you choose to repay by installments after graduation, you need to pay interest. The specific interest calculation method is: 1. The national student loan interest rate is implemented according to the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and will 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%. 2. If the loan is repaid in advance, the handling bank will calculate the interest according to the actual term of the loan, and will not charge any other fees except the interest payable. Interest = the annual interest rate corresponding to the loan amount /365 loan days. Note: Pay interest on time: the term of student loan is 10 year, and the interest rate is based on the benchmark interest rate. Students' interest during school is fully subsidized by the state, and they must pay their own interest after graduation. Considering that some students may not be able to find jobs in time after graduation, the state has also set a grace period of two years after graduation. During the grace period, students only need to pay interest without repaying the principal. However, due to the lack of understanding of the policy, many students think that grace period means no need to repay or pay interest. As a result, some overdue payments have been made, which will have a negative impact on personal reputation. The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of colleges and universities in China and increase the financial aid for students from poor families in colleges and universities under the conditions of socialist market economy. Borrowing students apply for loans from the bank through the school to make up for the lack of tuition, accommodation and living expenses during their studies at school, and repay them in installments after graduation. The term of the student loan is 10 year, and the interest rate is based on the benchmark interest rate. Students' interest during school is fully subsidized by the state, and they must pay their own interest after graduation. Considering that some students may not be able to find jobs in time after graduation, the state has also set a grace period of two years after graduation. During the grace period, students only need to pay interest without repaying the principal. However, due to the lack of understanding of the policy, many students think that grace period means no need to repay or pay interest. As a result, there have been some cases of overdue repayment.
Two, the National Development Bank student loans, how to calculate the interest?
1, in the case that students have not graduated, the National Development Bank does not charge interest on student loans.
2. Warm reminder: Annual repayment refers to the loan principal and interest that should be repaid before the annual repayment date of that year (65438+ February 20th of each year or September 20th of the year when the loan expires). The following information is the forecast amount. Please double-check the actual repayment amount from June 1 65438+1 October1to February 20th (September120th is the last year when the contract expires), subject to the settlement amount in the system at that time.
Three, how to calculate the national student loan interest?
The national student loan interest rate is based on the benchmark interest rate announced by the People's Bank of China in the same period. Enjoy interest-free during school, and pay interest after graduation, which is charged annually.
National student loan interest = annual interest rate of loan principal, repayment years after graduation.
For example, if you borrow 8,000 yuan, the annual interest rate will be 6. 15% according to the loan for three years. Then the annual interest is 164 yuan, and no interest is needed during school. Calculated according to this standard after graduation.