Loans such as study abroad loans cannot be repaid in installments. Usually when you apply for a loan, you will agree on a loan term, and you need to repay the loan principal and interest on time after the loan term expires. So how is the repayment period of China Bank's loan for studying abroad stipulated? Let's get to know each other.

Repayment Term of China Bank's Study Abroad Loan

According to the regulations of China Bank's loan for studying abroad, the longest loan for studying abroad can be used for tuition and fees, transportation expenses and living expenses 10 year, that is to say, if the loan term is 10 year, the repayment time is to repay the loan principal and interest after the loan expires. If it is used as a deposit for studying abroad, the loan period shall not exceed the borrower's study period at the longest. In addition, during the education period, the borrower can have a certain grace period for repayment, up to two years, during which he can only repay the interest but not the principal, and he needs to repay the loan on time after the grace period expires.

The above is an introduction about the repayment period of China Bank's loan for studying abroad, which I hope will be helpful. Studying abroad loans can provide borrowers with a maximum repayment grace period of two years, which greatly reduces the repayment pressure of borrowers.