Calculation method of annual interest rate of student loan;

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, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.

If the loan is repaid in advance, the handling bank will calculate the interest according to the actual term of the loan, and will not charge any other fees except the interest payable. Interest = the annual interest rate corresponding to the loan amount /365 loan days. Simply put, you don't have to pay interest when you are still studying until you graduate within one year. Wait until the interest rate is 0.5% one year later, and then repay the loan at the bank or branch.

Assuming that the loan amount applied by the loan student is 8,000 yuan, and the annual interest rate is 4.75%, then the interest for one year is 380 yuan.

According to relevant regulations, the interest on college students' loans is determined according to the benchmark interest rate issued by the central bank. Generally speaking, the interest rate of student loans will fluctuate on the basis of the benchmark interest rate, with a maximum increase of 24%.

202 1 The student loan applied by college students, whether it is a student-origin student loan or a college student loan, only needs to be applied continuously, and the application period is generally more than 6 years. The benchmark interest rate for five-year loans of the State Bank is 4.75%. The interest rates of China Development Bank in different regions are basically the same, and there will be no ups and downs, nor will interest rates rise. The repayment method of college students' student loan is calculated on an annual basis, and the repayment time is-12-20 every year. In the first two years after graduation, college students can choose to pay only the loan interest. From the third year of graduation, college students need to repay the loan principal and interest at the same time. According to the national regulations, during the period of students' study, all the interest of subsidies is paid by financial subsidies. From September of the graduation year 1, bear the loan interest by yourself. If they don't want to pay interest, they can choose to pay it back in full.

How much is the interest on the student loan?

Pay it back on time and there will be no interest.

The national student loan enjoys the policy of free loan interest during school, but it needs to start paying interest after graduation, and only needs to pay interest within two years after graduation. Starting from the third year, in addition to paying interest, it is also necessary to pay part of the principal.

For example, an undergraduate student in a university has a national student loan of 6,000 yuan with a loan period of 8 years. Since interest is free during school, you only need to repay interest after two years of graduation and principal and interest in the third year, so the annual repayment amount of interest is as follows.

Assuming that the national student loan amount is 6000 yuan, the repayment period is 4 years and the loan interest rate is 4.90%, the repayment interest in the first year is 60008 1 day. 4.90%/360=66. 15 (calculated from September 1 when the student loan is applied to 65438+February 20) The repayment interest in the second year is: 60004.90 The repayment interest in the third year is: 60004.90%=294 yuan (the principal has not been repaid in the previous two years) The repayment interest of the fourth year is: 30002754.90%/360 =112.29 yuan (because the repayment date of the last year is September 20th, the loan interest of the last year is actually less than one year. If the annual interest rate is calculated on a daily basis, the actual loan days are equal to the daily loan interest; At the same time, the remaining principal should be repaid in the last year, so the remaining principal needs to be repaid in the fourth year)

Note: The calculation method of repayment interest is different for different repayment periods of national student loans, but generally speaking, the calculation method in this case is applicable to the calculation of repayment interest of national student loans and the calculation of repayment interest of student-origin student loans. Students who don't know how to calculate repayment interest can substitute their loan amount, repayment period, loan interest rate and other known information into the calculation formula according to this case, so that the annual repayment interest of national student loans can be clearly settled.

Because of the national student loan interest rate adopted by the People's Bank of China in the same period, that is to say, if the benchmark interest rate of loans of the same grade in the same period announced by the People's Bank of China is adjusted, the national student loan interest rate will be adjusted accordingly. Generally speaking, the loan interest rate is adjusted once a year from the loan issuance date of 65438+February 2 1 (subject to the contract). The national student loan interest rate may not be adjusted every year, so you don't have to worry that the national student loan interest rate will increase year by year.

The annual interest rate of the loan will increase with the increase of the loan period. However, the interest of the national student loan during school is subsidized by the government, and only the interest is paid after graduation. Therefore, it can be said that if the loan period is only during the school period, then the interest-free national student loan is undoubtedly very cost-effective.

How much is the interest on the national student loan?

According to the national student loan policy, students who apply for loans do not need to pay interest during their normal study at school, but are subsidized by the government. But from September 1 of the year of graduation, they have to bear the loan interest.

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, and shall not rise. The current annual loan interest rate is: 1 to 3 years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.

It is reported that the national student loan adopts the cumulative interest-bearing method, and the interest is charged every year according to the actual number of days.

The formula of cumulative interest method: interest = cumulative interest × daily interest rate.

Among them, accumulated interest product = total daily balance of the account.

The value date is the date when the Development Bank issues the loan, and the interest settlement date is 65438+ February 20th every year (the interest settlement date of the last year of the loan is September 20th).

Expand data

The credit loan interest rate of the students' origin is the benchmark interest rate of the same grade announced by the People's Bank of China in the same period, and does not rise. The interest of students during their school days is fully subsidized by the financial department, and the interest after graduation is borne by the students and their parents (or other legal guardians).

National student loan interest

1. National Development Bank student loan interest

First, the National Development Bank student loan interest is divided into the following two situations:

1. The interest of the interest-free student loan of China Development Bank during the school period shall be borne by the state, that is, there is no need to bear interest during the school period.

Earn interest after leaving school One-time repayment after graduation is interest-free and needs to be repaid in installments. The longest repayment period of student-origin student loan is longer than that of national student loan. 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.

Student-origin credit student loan refers to the student-origin credit student loan issued by China Development Bank to eligible college freshmen and students with financial difficulties, which is handled by the county (city, district) where the students are registered before entering school.

The funds are mainly used for students to pay tuition and accommodation fees during their school days. Student-origin credit student loan is an important part of national student loan.

Two, the National Development Bank student loan interest calculation method:

For loans within six months (inclusive), the annual interest rate (%) is 5. 10.

For loans from half a year to one year (including one year), the annual interest rate (%) is 5. 10.

For loans of one to three years (including three years), the annual interest rate (%) is 5.50.

For loans from three years to five years (including five years), the annual interest rate (%) is 5.50%.

For loans over five years, the annual interest rate (%) is 5.65%.

2. The student financial aid policy of this university

Which students can apply for national student loans on campus?

Full-time college students (including higher vocational students), second-degree students and graduate students with financial difficulties can apply for national student loans from the handling bank through the Student Financial Assistance Office of our school.

How many national student loans can a student apply for on campus each academic year?

According to the relevant provisions of the national student loan policy, the loan amount of each student in each academic year should be the difference of the students' total annual income (including family, relatives, other funding sources, etc.). ).) as well as school tuition, accommodation and local basic living standards. The maximum loan amount per student in this college is not more than 8000 yuan per year, and the maximum loan amount per student in graduate school is not more than 12000 yuan per year.

How is the interest rate of the national student loan on campus stipulated?

The interest rate of national student loans in schools 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. In case of interest rate adjustment, it shall be implemented according to the relevant regulations of the People's Bank of China.

This concludes the introduction of the interest rate and the lowest interest rate for student loans. I wonder if you have found the information you need?