The loan bears interest. If it is a student loan, the interest is very low.

Second, is there interest on college students' loans?

Yes

Application conditions:

1, college degree or above;

2. Not employed for more than 6 months after graduation, and registered as unemployed in the local labor and social security department;

3. When applying for this kind of loan, three points are more important:

First of all, the loan applicant must have a fixed residence or business premises. Second, business license and business license, stable income and ability to repay principal and interest; The third and most important point is that the projects invested by entrepreneurs already have their own funds.

Only those who meet the above conditions can apply to the bank. The materials to be provided at the time of application mainly include: proof of marital status, proof of repayment ability such as personal or family income and property status; Agreements and contracts related to the purpose of the loan; Guarantee materials, involving the ownership certificate and list of collateral or pledge, and the appraisal report of collateral (pledge) issued by the appraisal department recognized by the bank. In addition to written materials, there must be collateral. There are many mortgage methods, such as chattel and real estate mortgage, time deposit certificate pledge, securities pledge, movable property pledge with strong liquidity, qualified guarantor guarantee, etc. The payment amount is determined according to the specific guarantee method.

Third, do college loans need interest?

no

4. Is there any interest on student loans?

Scholarship loans are interest-free during the applicant's study at school, and all loan interests are subsidized by the national government. From September 1 day of the year of university graduation, the applicant will independently bear the interest on the scholarship loan. Of course, borrowers can also choose to pay off all loans in one lump sum before graduating from college. The interest on the grant loan is the same standard interest rate published by the People's Bank of China in the same period. The specific interest rates are as follows:

1, within 6 months of loan: the interest rate is 4.35%;

2. If the loan term is from 6 months to 1 year, the annual interest rate is 4.35%;

3. If the loan is 1-3 years, the interest rate is 4.75%;

4. If the loan lasts for 3-5 years, the interest rate is 4.75%;

5. The loan term is more than 5 years: the interest rate is 4.90%.