As for the specific period of the grace period for repaying the principal, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission mentioned in the Notice on Adjusting and Perfecting the Relevant Policies of the National Student Loan in July 2020 that the grace period for repaying the principal was extended from 3 years to 5 years.
In other words, after graduation, students do not need to pay interest for repayment within five years, but only need to repay the principal; Wait until five years after graduation, and then repay the principal and interest of the loan annually. As for the interest of students during their school days, they will be fully subsidized by the finance.
As for the interest rate of student loans, starting from June 65438+1 October1in 2020, the interest rate of newly signed student loans will be reduced by 30 basis points according to the LPR list price of the same grade in the same period (one basis point is equal to 0,01%). The loan period of student-origin student loan is academic system plus 15 years, and the longest is no more than 22 years.
If you don't understand the big data on your own network, you only need to search: Beijian Quick Check, click Query and enter information to find your own 100-line credit data. However, with the establishment of Baixing Credit Information, almost overdue online loans will affect personal credit in the future. You must pay attention to your ability when borrowing money.
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When will the interest on student loans be repaid after graduation?
Students who graduated in June and had student loans began to bear interest in September of that year, and then the first repayment date was 65438+ February 20 of that year. Borrowing students need to repay before 65438+February 65438+May (the money will be credited to the special Alipay account for student loans, and the system will automatically deduct it on the repayment date).
We should note that the student loan has a grace period of five years, so in the first five years after graduation, the borrower only needs to repay the interest, not the principal for the time being. After the five-year grace period, the borrower will repay the loan principal and interest on time and in installments according to the repayment plan agreed in the contract.
If you want to repay in advance, you can log on to the student loan information network of China Development Bank to apply. You can apply during the period from 10 to 10, but10 cannot apply for prepayment.
Whether it is early repayment or due repayment, as long as it is guaranteed to repay on time within the prescribed repayment period and avoid overdue.