First, how to apply for a student loan?
1. Application conditions The national student loan is applicable to full-time undergraduate students with real financial difficulties in institutions of higher learning in People's Republic of China (PRC) (excluding Hong Kong Special Administrative Region, Macau and Taiwan Province Province). At the same time, students applying for loans should 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 Opening current savings business in ICBC; Meet other conditions stipulated in the Trial Measures for the Administration of National Student Loans of Industrial and Commercial Bank of China.
2. Application Procedures 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 submitted directly to the relevant departments of their schools, and banks do not directly accept students' personal loan applications), receive the National Student Loan Application Form, the National Student Loan Application Commitment 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 ID card and its copy (minors must provide the valid ID card of the legal guardian and written proof of agreeing 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.
Second, the loan amount and recovery
The amount of student loan is determined according to the following formula: student loan amount = tuition fee charged by the school+basic living expenses stipulated by this Municipality-personal income (including income provided by families, income from social assistance and other aspects). Among them, the amount of tuition loan shall not exceed the tuition fee collection standard of the school where the borrower is located, and the amount of living loan shall not exceed the basic living standard of the school. Due to different tuition fees charged by different schools and different basic living standards in different regions, the maximum amount of student loans is not exactly the same. Under normal circumstances, the annual student loan ceiling is 8000 yuan.
The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. 50% of the interest on the national student loan borrowed by students is subsidized by the state finance, and 50% is borne by the borrowing students.
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 shall be paid off with the principal, and the loan interest shall be paid at the same time when 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 goes through the confirmation procedures or submits the above materials, the school may suspend the graduation procedures for him.
Once the loan amount of the borrowing student is determined, 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 can handle the relevant transfer procedures only after completing the debt transfer procedures of the student loan with the school to be transferred and the corresponding handling bank, or after the student pays off the principal and interest of the loan.
At the same time, during the use of the loan, if the borrower violates the relevant regulations of the handling bank, drops out of school, is expelled from school, is disqualified from school, 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 guarantor to repay all the principal and interest of the loan within the specified time. Note that you are not interested in school, but interested after graduation.