I don't know if you are going abroad to study in university or graduate school, because banks have different loan methods for borrowers at different levels of study abroad; Banks also have many conditions and regulations for borrowers. I want to know whether you meet the loan conditions of the bank.
At present, only China Bank and Shanghai Pudong Development Bank have loans for studying abroad. Although China Industrial and Commercial Bank and CITIC Industrial Bank do not have direct loans for studying abroad, they do have some very close financial services, such as the comprehensive personal consumption loan offered by ICBC and the study abroad loan provided by CITIC Industrial Bank.
Loans for studying abroad are divided into RMB loans and foreign exchange loans. The object of RMB study abroad loan is the tuition and living expenses (including travel expenses abroad) required for studying in preparatory courses, universities or master's or doctoral degrees abroad.
At present, China Bank is the only foreign exchange loan for studying abroad, which requires the borrower to be a graduate student studying for a master's or doctoral degree abroad.
Conditions of RMB loan for studying abroad
The loan object of RMB study abroad loan is the intended overseas students, and the immediate family members or their spouses of the intended overseas students can also be accepted as the third party guarantee.
The loan applicant must meet the following conditions:
A natural person who has reached the age of 18 and has full capacity for civil conduct shall not be over 55 years old on the maturity date of the loan;
Have a local permanent residence or valid residence status and a fixed detailed address;
Provide a formal admission notice or admission notice issued by the school to study abroad, or other valid admission certificates; Proof materials of tuition and miscellaneous fees required during the study period; The entry visa passport of the country where the overseas students are located has been completed;
No bad credit and illegal behavior, good health, honest and trustworthy conduct;
The immediate family members, legal guardians or spouses of overseas students who borrow money must have a fixed residence, a proper occupation, a stable and reliable income, good credit and the ability to repay the principal and interest of the loan on time.
Duration and duration of study abroad loan
In order to ensure the safety of assets, the bank has made specific provisions on the amount of loans for studying abroad: in principle, it should not exceed 80% of the total tuition and living expenses required by overseas students during their stay at school; The sum of the registration fee, tuition, living expenses and other necessary expenses stated in the admission notice or other valid admission certificates of foreign study schools within one year shall not exceed 500,000 yuan at most.
The term of the loan for studying abroad is determined according to the duration of studying abroad, the income of the borrower and the guarantee ability of the guarantor and collateral. Generally, it is 1 to 6 years, the longest in Shanghai Pudong Development Bank and the longest in China Bank is 10 years.
Types of guarantee mortgage for studying abroad loans
At present, the loan guarantee mortgage recognized by banks is limited to three types: real estate mortgage, pledge and credit guarantee, and the maximum amount of these three mortgage loans is also stipulated.
Real estate mortgage: the maximum loan amount shall not exceed 60% of the collateral value recognized by the lender;
Pledge: if the national debt or bank deposit certificate is used as collateral, the maximum loan amount shall not exceed 80% of the value of the pledged property; Where corporate bonds are pledged, the loan amount depends on the credit standing of the bond issuer, and the maximum loan amount shall not exceed 60% of the pledged face value;
Credit guarantee: if a third party provides joint and several liability guarantee, if the guarantor is a legal person recognized by the bank, it can pay in full; If it is a natural person recognized by the bank, the maximum loan amount shall not exceed 200,000 yuan.
Materials to be provided for studying abroad loans
Borrowers can go to the designated branch of the bank that provides this service to receive the Application Form for Studying Abroad Loan, fill it out truthfully according to the requirements of the application form, and hand it over to the lender after signing and stamping.
The borrower needs to submit the following information:
Original and photocopy of valid resident ID card, passport or pass and household registration book;
If a loan is made by an immediate family member or legal guardian, the original and photocopy of the borrower's ID card, marriage certificate, household registration book or valid residence certificate issued by the competent authority shall be provided; If the above information is insufficient to prove the relationship between the overseas students and the borrower, a certificate of immediate family members issued by the household registration management department shall also be issued;
Proof of the relationship between the borrower and the overseas personnel and proof of the economic income recognized by the lender;
The valid admission documents such as the admission notice and the admission notice issued by the school studying abroad, and the relevant proof of necessary expenses, and provide my academic credentials; Including the China passport that has gone through the entry visa formalities in the country where the school is located;
If the property is mortgaged or pledged, the ownership certificate of the mortgaged property or the original certificate of the pledged property and the certificate that the authorized person (including the property owner) agrees to mortgage or pledge shall be provided. When necessary, the bank will also require the lender to provide the appraisal report on the appraisal value of the mortgaged (pledged) property, the insurance documents of the insurance department and the title certificate of the pledged property; Written documents and relevant credit certification materials of the guarantor's consent to guarantee;
If the guarantor is a legal person, it shall issue a written document that the guarantor agrees to guarantee (if the guarantor is a branch of a legal person, it shall also issue a guarantee document authorized by the legal person), the business license of the enterprise as a legal person, the audited financial statements of the previous year and the latest period, and relevant credit certification materials;
If the guarantor is a natural person, he shall provide the guarantor's identity card, household registration book, income or property certificate and other credit certificates.
Procedures for handling overseas study loans
After receiving the borrower's application materials, the bank lender will give a reply within 7 working days. If the loan is not approved, the lender will explain the reasons to the borrower and return all the materials provided by the borrower; If the loan is agreed, the lender will inform the borrower of the amount, term, interest rate and repayment plan of the agreed loan, sign a loan contract and a guarantee contract with the borrower and the guarantor, and go through the relevant loan procedures.
If the borrower is an overseas student, his domestic agent should be present when signing the loan contract and sign the loan contract at the same time.
If the loan is guaranteed by a legal person, the legal representative or authorized agent of the guarantor must be present and sign the guarantee contract.
If the loan is guaranteed by a natural person, the guarantor must be present and sign and seal the guarantee contract.
The loan contract and the guarantee contract must be notarized with enforceable effect, and the agency agreement between the borrower and its domestic agent should be signed and notarized at the same time as the above contract.
Expenses such as appraisal, insurance, registration and notarization of collateral and pledge shall be borne by the borrower.
Issuance and return of study abroad loans
The loan for studying abroad is directly transferred by the lender to the current bank savings account opened by the borrower at the lender, or to the bank card (Great Wall Card in China and Oriental Card in Shanghai Pudong Development Bank). The borrower shall, according to the loan contract, deposit the repayable loan principal and interest into the current savings account or card before the loan expires, and the lender will take the initiative to deduct it from the borrower's current savings account or card on the loan expiration date.
If the borrower fails to deposit the principal and interest of the loan to be repaid in full and on time, the overdue penalty interest will be charged from the day after the loan maturity date.
If the loan is overdue for three consecutive months or accumulated overdue for more than 65,438+00 months during the whole loan period, the lender will agree with the mortgagor to discount the collateral or pay off the loan principal and interest with the proceeds from auction or sale of the collateral. If the agreement fails, the lender will bring a lawsuit to the people's court or directly apply for enforcement according to the contract; In case of pledge guarantee, the lender will negotiate with the pledger to discount the pledged property, or apply for compulsory auction or sale of the pledged property according to law, and pay off the loan principal and interest with the proceeds; Where the guarantee method is adopted, the lender has the right to require the guarantor to fulfill the repayment obligation and bear joint and several liabilities.
Interest rate and method of studying abroad loan
The loan interest rate for studying abroad shall be implemented in accordance with the loan interest rate for the same period stipulated by the People's Bank of China. If the loan term is within one year (including one year), the contract interest rate shall be implemented; If the loan term is more than one year, if the legal interest rate is adjusted, the new interest rate will be implemented according to the corresponding interest rate grade from March 15 of the following year, and interest will be calculated by installments.
If the loan term is within one year (including one year), the loan principal and interest shall be paid off in one lump sum, and the interest shall be paid off together with the principal; If the loan term is more than one year, the principal and interest of the loan will be paid off in half a year.
At the same time, it is agreed that the repayment date of each installment is March 15 and September 15 of each year;
The final maturity date of each loan is the principal and interest repayment date (i.e. March 15 or September 15), but the longest loan term is no more than 6 years (BOC 10 year);
If the loan release date is not the above repayment date, the borrower will only pay interest on the first repayment date after the loan release date, and pay the loan interest according to the number of days actually occupied by the loan. After the first repayment date, the principal and interest payable for each installment shall be calculated according to the above formula.
How to apply for a foreign exchange loan for studying abroad
At present, the only foreign exchange loan for studying abroad in China Bank was launched in June 2002. Foreign exchange loans for studying abroad do not have to be converted into foreign currency after they are obtained, just like RMB loans. This process is not only complicated, but also lenders have to bear the risk of exchange rate fluctuations. In addition, the amount of foreign exchange purchased by individuals studying abroad in China is limited, and exchange of foreign exchange has become a major problem for many overseas students to raise overseas funds.
Through the foreign exchange loan for studying abroad, students studying abroad can get a foreign exchange loan with a maximum amount of 40,000 US dollars directly from the Bank of China.
Compared with RMB loans for studying abroad, BOC has put forward higher requirements for borrowers of foreign exchange loans for studying abroad. The borrower must be an overseas student studying for a master's degree or above. The loan period is generally 1 to 6 years, and the loan amount is 80% of the total tuition and fees and normal living expenses required during the study abroad.
The conditions and documents that borrowers of foreign exchange loans for studying abroad need to submit are basically the same as those for applying for RMB loans for studying abroad. The difference is that the borrower should deposit self-raised funds of not less than 20% of the loan amount.
It should be noted that foreign exchange loans for studying abroad are borrowed in foreign exchange, so repayment must also be made in foreign exchange.
Like RMB study abroad loans, foreign exchange study abroad loans must also provide effective guarantees. Real estate, bank certificates of deposit, bonds, etc. Can be used as collateral. At the same time, the city branches of Bank of China also adopted the guarantor guarantee mode in light of local conditions.
Bank of China has many branches and a wide range of correspondent banks overseas. The tuition fees in the loan for studying abroad will be directly remitted to the designated account of the school where the foreign students attend. Living expenses can be carried by Great Wall International Credit Card, traveler's checks, money orders, etc. According to the requirements of international students, or remitted by stages to the branch or correspondent bank of China Bank where the international students study. International students can refund their fees with relevant certificates.
The interest rate of foreign exchange loans for studying abroad shall be implemented according to the loan interest rate of the same grade of China Bank. If the term is within one year (including one year), the interest will be calculated according to the contract interest rate, and the contract interest rate will remain unchanged when the legal interest rate is adjusted; If the term is more than one year, in case of interest rate adjustment, it shall be implemented according to the provisions of Bank of China on interest rate adjustment.
Relevant persons from Bank of China suggested that there are some procedures to be performed in handling the loan for studying abroad. Students studying abroad should arrange their time reasonably, and it is best to prepare for loans such as consultation and notarization before obtaining visas.
Are you suitable for studying abroad loan?
After hard work, I passed the language pass and the examination for studying abroad, and got the admission notice of foreign universities. Seeing that studying abroad is about to become a reality, the huge deposits for studying abroad and the large amount of tuition and fees and living expenses after going abroad have become a very high threshold. It is understood that in addition to public students and students applying for high scholarships, self-funded international students have to find someone to guarantee and raise a lot of money, which is undoubtedly a very sad hurdle for students whose families are not rich and can't find a guarantee. The loan service for studying abroad launched by the bank can solve the urgent needs of these students.
Domestic study abroad loans have been launched for several years, but compared with mortgage loans and car loans, study abroad loans are not so popular. A credit officer of Bank of China Beijing Branch revealed that the total loan for studying abroad in their branch this year was less than 65,438+0.5% of the total housing loan.
The reason is that the bank's publicity is not enough, and the conditions of studying abroad loans are too harsh, so many students studying abroad have misunderstandings.
When interviewing international students who applied to study abroad, the reporter found that most of them didn't know that they could apply for loans to study abroad in domestic banks. Some people say that the loan procedures for studying abroad are too complicated, time-consuming, laborious and expensive. They would rather borrow money from relatives and friends, which is quick and easy. It is also said that studying abroad by loan is too stressful for ordinary families, and it will cost a lot of money with interest.
Compared with mortgage or car loan, the conditions of studying abroad loan are indeed more demanding. According to the regulations, loans for studying abroad need to be mortgaged or guaranteed, and all of them have a maximum loan amount: if real estate is used as collateral, the maximum loan amount does not exceed 60% of the value of mortgaged real estate; Where bonds or certificates of deposit are pledged, the maximum loan amount shall not exceed 80% of the pledged property value; Where corporate bonds are pledged, the maximum loan amount shall not exceed 60% of the face value of the pledged property; If the credit guarantee is provided by a third party and the guarantor is a legal person, the loan can be paid in full; If it is a natural person, the maximum loan amount shall not exceed RMB 200,000.
In addition, the mortgaged property must be the complete property right (paid mortgage) of the immediate family members of foreign students with local hukou, and generally the property of third parties is not recognized except parents. This kind of mortgage guarantee requirement greatly limits the customer base of overseas loans, and some students who are not in their registered permanent residence or have no branches of overseas loan banks will be turned away and lose the opportunity of overseas loans. Of course, these regulations and restrictions made by banks on studying abroad loans are helpless measures to control loan risks. These measures are still necessary when personal credit integrity needs to be gradually improved.
The tuition and living expenses of an international student in Britain, the United States, Canada, Australia, Japan and other countries average about 6.5438+0.2 million to 6.5438+0.5 million yuan per year, and studying in New Zealand, the Netherlands, France, Germany and other countries also needs 80,000 to 6.5438+0 million yuan per year. Generally speaking, families who can send their children to study abroad at their own expense are relatively wealthy, but in recent years, some less wealthy families have also sent their children to study abroad, but some parents mistakenly believe that as long as they send their children out, they can complete their studies by working abroad.
After all, studying abroad is a relatively large investment in education, and it is difficult for ordinary families to come up with such a large sum of cash for their children to study at once. Although most countries allow international students to work legally to subsidize the expenses during their study abroad, international students often engage in low-paying jobs and industries, and the income from working will not exceed 60,000 yuan a year without delaying their studies. When the legal income of part-time jobs is still difficult to ensure their study abroad life, international students will mainly engage in part-time jobs, thus losing the significance of studying abroad. As a result, they earned enough money from part-time jobs, but delayed their studies. At present, some countries, such as Britain, the United States, Australia and Japan, have very strict requirements on the financial ability of China students. The fundamental reason is that it is very common for China students to work abroad, and some of them have gone far beyond the scope of studying abroad. In this case, it is indeed a good idea to complete studying abroad with the help of the bank's reputation and financial resources.
It is understood that at present, the loan amount of banks for studying abroad is still relatively low, which is usually not enough for students to complete the expenses required by foreign universities or graduate students for several years. International students must find another way in the second year after going abroad. Some experts call on financial institutions to increase the loan amount to effectively meet the actual needs of international students. The premise is to establish a safe, perfect and effective financial credit system as soon as possible, so that borrowers can repay bank loans voluntarily, voluntarily and on time after completing their studies.