loan application

The borrower shall apply for a loan to the Student Financial Assistance Management Center of the Education Bureau of the county (city, district) where his domicile is located (hereinafter referred to as the "County Financial Assistance Center"), fill in the loan application form and provide the following materials:

1. The borrower and the original and photocopy of the borrower's household registration book;

2. The original and photocopy of the borrower and the borrower's identity card (or valid identity certificate);

3. Student identification. Freshmen with university admission notice and its copy; Students should show their student ID card and the proof of the borrower's source of life issued by the borrower's university.

Contract signing

① The local financial aid center examines the application materials →→→→→→→ The local financial aid center instructs the borrowing students to open a personal account in the handling bank →→→→→→→→ The local financial aid center issues the receipt of the student credit loan contract.

Contract receipt

① Borrowing students bring the contract receipt to the school → ② The school goes through the formalities according to the requirements of the contract receipt → ③ The students themselves send the contract receipt back to the student's county-level financial aid center → ④ The local financial aid center prepares a summary table and submits it to the provincial student financial aid management center → ⑤ The provincial financial aid management center submits it to the handling bank for review.

loan origination

① The handling bank transfers the loan funds to the borrower's personal account→→→→ ② The loan funds are transferred from the personal account to the tuition account of the borrower's school.

Change of contract

After the signing of the loan contract, if the borrower needs to change the personal account name or account number, or the borrower cannot repay the loan according to the repayment plan agreed in the loan contract due to reasons such as continuing his studies or dropping out of school, the contract can be changed upon the borrower's own application and the approval of the county-level funding center. In principle, the adjustment of the repayment plan can only be carried out within the loan period agreed in the contract and cannot be extended.

Extended data

Relevant knowledge of student loan interest

The interest rates of national student loans and student credit student loans shall be subject to the benchmark interest rate of the same grade in the same period published by the People's Bank of China, and shall not rise. The interest of students during their school days is fully subsidized by the finance. The interest actually repaid by students after graduation shall be implemented according to the interest rate of the same period of the year.

Interest rate advantage of countries and places of origin The interest rate of student loans is the same as the benchmark interest rate of RMB loans published by the People's Bank of China when granting loans. Interest-free during school, interest-free for one-time repayment after graduation, and interest for installment repayment. The longest repayment period of student loans is longer than that of national student loans. To put it bluntly, the total principal and interest is greater than the student loan, and the repayment pressure is heavier than the national student loan.

Refer to Baidu Encyclopedia-Student-origin Student Loan