Because from the perspective of laws and regulations, when a student borrows money, he must become a * * * borrower if he has parents and his parents are convenient. If parents are inconvenient or orphans, then relatives and friends can be borrowers and guarantors. However, if relatives want to be borrowers and guarantors, they also need to meet certain conditions. The state also has clear rules and regulations on this, and we must strictly follow the plan. Otherwise, it is illegal to get a student loan for improper reasons, and the bank will not pass the examination and approval.
First of all, if you want relatives to be borrowers and guarantors, you must make the relatives' domicile exactly the same as the students' domicile before entering school. Under the same conditions, it is also necessary to check with the borrower whether the age of relatives meets the conditions of * * *. If a relative is under 20 years old or over 60 years old, then the bank will not approve such a person to become a borrower. Because it is very likely that most people under the age of 25 and over the age of 60 do not have the capacity for civil conduct, and it is also possible that students and borrowers fail to repay their loans within the time limit, then the bank's debts will remain in arrears. Banks won't risk doing such a thing.
If the household registration location and age of relatives meet the requirements of laws and regulations, you can bring the student's admission notice, household registration book and ID card, and together with the borrower, you need to bring the household registration book and ID card to the bank where the loan is located, so that the bank staff can help complete the online commitment letter signing and offline commitment letter signing. After registering and checking the identity information of two people, the bank learned the information of both parties and signed a contract. When the school starts, the bank loan will be paid to the students' accounts. At this point, students only need to receive loan funds as living expenses.