After students apply for student loans, they begin to repay after graduation. China Development Bank provides a three-year grace period for repayment of principal. After graduation, the student loan will be repaid directly before September of that year 1, and only a small amount of interest is required. Only the interest during school is free. If you don't want to pay interest, you need to apply for early repayment during school, just pay. Repayment after graduation, even in the year of graduation, is free with interest only. If you don't want to repay the interest, you need to apply for early repayment during school. Students don't need to pay back during their school days, and the loan interest during their study period is fully covered by the finance for 20 years. If the borrower has studied for more than 4 years, or chooses to pursue a higher degree (such as a postgraduate degree or a second bachelor's degree), the repayment period will be shortened accordingly.
If students want to repay their student loans, that's fine. An Alipay account will be generated when the loan is made. Customers only need to deposit the current repayment into Alipay account before the repayment date, and the system will automatically deduct the money. However,1October 20th, and the last year is September 20th. The general student loan will be paid off in 17 years, and the longest period is no more than 20 years.
Because the loan period of student loans is usually four years, if the borrower continues to study for a degree after graduation, the loan period can be extended to no more than 20 years.
In addition, student loans can be repaid in advance. You don't have to pay interest if you take out a loan, because all the interest is subsidized by the state before students graduate, and you just need to deposit it before 65438+February 15 after graduation (September 15 of the last year).
Second, how long does it take to calculate interest on student loans after graduation?
After graduation, interest will be calculated from September. Because loan students usually start school in September, regardless of the application for 4 years, 5 years or even longer, the loan will end in September. Therefore, the repayment interest in the first year after graduation is calculated from September 1 year to February 20 18, with a period of 8 1 day, and the interest is calculated according to the number of days. After that, the interest is calculated on an annual basis, and the repayment interest in the last year is less than one year. Interest is calculated from 65438+February 2 1 to-September 20, and interest is also calculated on a daily basis. I. Policy Introduction ① What is a student-origin credit student loan? Student-origin credit student loans refer to student loans issued by China Development Bank and other financial institutions to eligible freshmen and students with financial difficulties, which are handled in the county (city, district) where the students are registered before entering school. Student loans are credit loans, and students and their parents (or other legal guardians) are the same borrower, and both parties are responsible for repayment. (2) Loan amount and purpose Full-time college students (including second bachelor's degree and higher vocational students) and preparatory students apply for a loan amount of no more than 8,000 yuan each time, not less than 1000 yuan; If the sum of annual tuition and accommodation fees is less than 8,000 yuan, the loan amount shall be determined according to the sum of tuition and accommodation fees; If the sum of annual tuition and accommodation fees is higher than 8,000 yuan, it shall be determined according to 8,000 yuan. Full-time graduate students (including master students and doctoral students) can apply for a loan of 12000 yuan, and other provisions are the same as those of full-time college students. ③ The loan term is 13 years according to the academic system, and the longest is no more than 20 years. ④ How to determine the interest rate? The benchmark interest rate of RMB loans with the same grade and term announced by the People's Bank of China shall be implemented and will not rise. Every February 2 1 65438 is adjusted according to the latest benchmark interest rate. ⑤ When to start repayment and how long is the grace period for repayment? During the study period, all interest will be subsidized by the finance. If you don't continue to study for a degree in the year of graduation, you only need to repay the principal and interest within a three-year grace period, and the principal and interest of the loan will be paid off in the fourth year of graduation (except in special circumstances). After graduation, those who continue to study for a degree during the repayment period should apply to the county-level funding center in time and provide written proof. After the approval, you can continue to enjoy the interest discount and three-year grace period for repayment of the principal, but the loan term will not be extended. ⑥ What conveniences can the poor people enjoy by setting up a file and establishing a card? Students who belong to the poverty-stricken population who set up a file and set up a card can apply for loans directly to the county-level financial aid center without having to identify their family's financial difficulties. Second, the application conditions ① The applicant should meet the following conditions at the same time ② What conditions should the borrower meet? Three. Loan application process and loan application materials ① Students who pre-apply to attend ordinary high schools and secondary vocational schools can apply in advance if their family financial ability is difficult to meet their basic expenses for study and life during their college years, including but not limited to: students (including fresh graduates and repeat students) who have obtained state grants in any school year of high schools (including ordinary high schools and secondary vocational schools); File students from poor families, students from minimum living guarantee families, students from poor families, orphans and disabled students, children of martyrs, disabled students from poor families and disabled children. ② Where can I apply for a loan? Students' credit student loans are applied, approved and issued on an annual basis. When making the first loan, the borrower and the borrower need to go to the county-level aid center where the household registration is located.
3. When does the graduate student loan have interest?
I will be interested after graduation.
4. When I was a graduate student, did I get interest on my college loan?
The money you borrowed from your undergraduate course will be counted as interest from the moment you graduate!
Interest is calculated from the graduation of graduate students!
Because when you get the undergraduate loan, it is stipulated that it is 4 years or 5 years, and it will not be counted because you are a graduate student!