Student-origin student loan is a kind of student loan, which is provided by China Development Bank and needs to be returned. Although it is not free of charge, the financial department fully subsidizes the interest of students during the school loan period. The average student will start to repay the loan within a certain number of years after graduation. Then, what consequences will the loan have? There are four consequences of student-origin loan: economic consequences, credit consequences, legal consequences and policy consequences. 1. Economic Consequences If the borrower fails to repay the principal of the student-origin student loan on time as agreed in the loan contract, the default interest shall be calculated according to the actual overdue amount and the number of days, and the expected annualized interest rate of the default interest shall be 130% of the normal expected annualized interest rate. 2. Credit Consequences As long as the borrower fails to repay the loan in the first year after graduation (65438+February 20th), the default information of the student-origin student loan will be recorded in the national personal credit information system of the People's Bank of China, resulting in the lender being unable to apply for other loans (such as credit card, car loan and mortgage), and it will also leave a credit stain and a personality stain. 3. Legal Consequences In addition, the handling bank has the right to publish and expose the information of students who are in arrears with student loans in the news media and online according to the contract, and can recover the loans through legal proceedings. 4. Policy impact If the loan graduates fail to repay the loan, the default rate is too high, which will not only affect the students' personal reputation and school reputation, but also lead to the policy being unsustainable, and students will not be able to apply for loans in the future. At the same time, it will also increase the labor cost and capital cost of the repayment work of the subsidy center of the Education Bureau.
Second, what are the consequences of not repaying the student loan?
If the student loan is not repaid on time, the consequences are as follows:
1. If the repayment is made within the time limit and amount stipulated in the repayment agreement signed by the National Student Loan Bank, the handling bank will charge a penalty interest on the amount of repayment in default, and record its breach of contract financially, and will not handle new loans for it.
2. According to the repayment agreement, the relevant administrative departments and banks will send information such as news media and network name, citizenship number, graduation school, specific breach of contract, etc. to the borrowing students who have entered and have not contacted the bank to handle relevant procedures.
3. The defaulter will bear the repayment interest rate, and will not repay the personal credit account within 2 years, and there will be a record of non-performing loans. This may mean that you won't get a loan for ten or twenty years.
Third, what are the consequences of college student loans?
If the college students' business loan is not paid, the bank will first issue a loan reminder notice. If you don't pay it back, the borrower will suffer, freeze your assets and the assets of the loan guarantor, and seal up the collateral. Banks can repay loans by auctioning collateral. In addition, college students' entrepreneurial loans will not lead to bad personal credit, so it is more difficult to handle other loan business in the future. So remind everyone not to lend blindly without repayment ability. Failing to repay or evading the loan within the time limit will still have serious consequences. Mengda Online Lending Studio studies all kinds of online loans, which requires no guarantee, has low application threshold and low interest rate, and can lend on the same day at the earliest.
4. What are the consequences of not repaying the student loan?
The consequences of studying in loans overdue
1. Overdue records are automatically recorded in the basic database of personal credit information of the People's Bank of China, which can be viewed by all banks and relevant institutions.
2. If it is overdue for 90 days in a row, no bank will handle financial services such as house purchase and car loan for you.
3. If it is overdue for more than 90 consecutive days and the circumstances are serious, the bank or school will publish the ID number and overdue information in the media, or notify the work unit. In case of malicious default or intentional default, the bank will. If it is overdue for 90 days in a row and can be remedied in time and repaid on time, the credit level will not be greatly affected. Pay attention to repayment on time and try not to be overdue. If it is overdue, it may have an impact on everyone's future credit. After all, this is everyone's first loan and the repayment amount is not high. At present, five years overdue can be eliminated, and the individual is seven years, but no one can say what will happen in the future. After all, now that the train tickets are all real names, the credit stain may follow us all our lives. In order to avoid overdue, you should provide the latest contact information to the school or bank at any time, and the school and bank will remind you in time when overdue; Pay attention to the change of loan interest rate and adjust the deposit amount in time (only for national student loans). Can't afford the college student loan: Apply for an extension: According to the contract, the bank will also allow an extension if the student applying for the student loan continues to pursue his degree. Even after graduation, the bank will allow an extension to a certain extent. Application for repayment: In July this year, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission issued "Several Opinions on Perfecting the National Student Loan Policy", which not only extended the maximum term of the national student loan from 14 to 20 years, but also established a national student loan repayment assistance mechanism to help students with special difficulties in graduation. For graduate students who have lost their ability to work due to illness, their families have suffered from major natural disasters, their family members have suffered from major diseases, and their economic income is particularly low, if they really can't repay on time, they can apply to the agency for assistance and provide relevant written certificates. After verification by the agency, they can start the aid mechanism to compensate their principal and interest. In addition, according to the contract, parents often have to bear joint and several repayment responsibilities in student loans. When their children are unable to repay the loan, the bank has the right to ask their parents to bear the obligation to repay the loan and help them complete the unfinished road of repayment.