I. Application conditions

The national student loan is applicable to full-time junior college students with financial difficulties who are studying in institutions of higher learning in People's Republic of China (PRC) (excluding Hongkong, Macao Special Administrative Region and Taiwan Province Province). At the same time, students applying for loans must also meet the following conditions: ① having full capacity for civil conduct (minors must obtain the written consent of their legal guardians); (2) Abide by the law and have no violations; ③ Good academic performance; (4) The income earned during the school period is not enough to cover the basic expenses (including tuition and basic living expenses) needed to complete their studies; ⑤ Honesty and trustworthiness; ⑥ Can provide guarantees that meet the requirements of banks; ⑦ Open a current savings account in ICBC; Meet other conditions stipulated in the Trial Measures for the Administration of National Student Loans of Industrial and Commercial Bank of China.

Second, the application procedure

Students who apply for loans should apply for loans to their schools with their valid certificates before and after the start of the new school year 10 days (loan applications should be directly submitted to the relevant departments of their schools, and banks do not directly accept students' individual loan applications), receive the Application Form for National Student Loans, the Commitment Letter for Applying for National Student Loans and other related materials, and fill them out truthfully. According to the difficulties of students and the loan amount determined by the state, the school will examine the qualifications of students applying for loans, and after sending them to the handling bank for approval, the bank will sign a loan contract with the students. For some students whose families are particularly difficult and unable to provide guarantee, they can apply for loans for poor students. After the school reports to the student loan management department for examination and approval, the handling bank shall handle the loan formalities according to the regulations.

Students applying for loans must also truthfully provide the following materials:

(1) My valid identity certificate and photocopy (minors must provide valid identity certificate of legal guardian and written proof that the parties agree to the loan).

(2) provide proof of income of major family members or income obtained through other channels.

(3) If the guarantor is a natural person, provide the guarantor's household registration book, valid identity certificate and its copy, work unit, contact information, proof of income, and proof of agreeing to guarantee for the borrower; Where an enterprise as a legal person is used as a guarantee, a copy of the guarantor's business license as an enterprise as a legal person, the financial statements of the latest year and the certificate of agreeing to guarantee the borrower shall be provided; If pledge is adopted, a pledge list shall be provided. Where mortgage guarantee is adopted, materials such as a list of collateral and proof of ownership of collateral shall be provided. Since 2000, the school will relax the procedures for granting loans to poor students, and at the same time simplify the procedures without a guarantor. Only the applicant and the bank need to sign a legally binding contract to clarify the rights and obligations of both parties. )

Third, the repayment method and repayment time

Borrowing students and the handling bank should agree on the repayment method and time when signing the loan contract. The order of installment repayment should be that the loan items should be repaid first and sorted one by one. Repayment method is quarterly installment of principal and interest. The repayment time starts from the first year after graduation at the latest and will be paid off within 4 years after graduation. 50% of the loan interest that the borrower should bear is paid with interest (the other 50% is subsidized by the state), and the loan interest is paid at the same time as the loan principal is returned. Borrowing students can repay the loan principal and interest in advance in one lump sum or in installments after consultation with the handling bank. At the time of repayment, the borrower shall deposit the loan principal and interest into the original current savings account before the agreed repayment date, and the handling bank will take the initiative to deduct it from the account on the agreed repayment date. If the borrower fails to repay the principal and interest of the loan as agreed in the contract, the handling bank will issue a reminder to the borrower, investigate the liability for breach of contract according to law, and collect default interest.

Borrowing students should go through the repayment confirmation procedures at the handling bank before graduation, and re-apply the corresponding guarantee procedures according to the requirements of the handling bank. Loan guarantee is a kind of guarantee. If the borrower has made it clear where he will go after leaving school, he should submit the Letter of Commitment on Guaranteeing to Assist ICBC to collect the national student loan on schedule, and the receiving unit is responsible for assisting in collecting the loan on schedule. If the borrower fails to go through the confirmation procedures or submit the above materials, the school may suspend the graduation procedures for him.

Once the loan amount of borrowing students is determined (the annual student loan ceiling is 8000 yuan), it will generally remain unchanged during the loan period. If the loan is suspended midway, the borrower can apply to the handling bank for suspension of loan issuance through the school. Special circumstances require additional loan lines, and additional loan and guarantee procedures can be handled separately.

If a student needs to transfer during the loan period, the school and the handling bank shall handle the debt transfer formalities of the student loan with the school to be transferred and the corresponding handling bank, or after the student pays off.

After the loan principal and interest are settled, the school can handle the relevant transfer procedures.

At the same time, in the process of using the loan, if the borrower violates the relevant regulations of the handling bank, violates the law and discipline, and the borrower drops out of school, is expelled from the school, has his school status cancelled, or fails to use the loan according to the purpose agreed in the contract, the handling bank may stop issuing the loan, and may require the borrower and the guarantor to repay all the principal and interest of the loan within the specified time.

4. Banks that handle student loans

At present, in addition to China Industrial and Commercial Bank (and its branches at all levels) designated by the state, there are also banks (such as Bank of China Guangdong Branch launched the "Student Loan" in June 1999+0) and China Construction Bank (China Construction Bank launched the "Personal Student Loan" in July 1999+06). All the above banks have no interest discount except ICBC, which is given a 50% discount by the state.

Which banks around the country can handle student loans, then candidates can consult with local bank outlets.