The following is a carefully compiled "How long is the repayment period of the national student loan". For more practical and exciting content, please lock the practical information column.
How long is the repayment period of the national student loan?
According to the student loan policy, the interest settlement date of this loan is 65438+ February 20th every year (September 20th of the last year). The holiday will not be postponed. Borrowing students should deposit the repayable loan interest into the Alipay account registered when applying for the loan within two years after graduation before 65438+February 65438+May each year. From the third year after graduation, the borrower began to repay the principal and loan interest in the same way, and the interest was paid off with the principal for the last time.
Borrowing students who want to repay in advance can apply from June 5438+0 to June 5438+00 every month (except June 1 1 day), and the repayment date is the 20th of the month, without the approval of China Development Bank. However, in order to ensure the smooth deduction by the bank, the borrower had better deposit the loan principal and interest into the designated account before 15 of the current month. If the deduction is unsuccessful, it will be deemed that the borrower has given up the application for prepayment.
1, normal repayment
(1) Normal repayment
Normal repayment means that the borrower repays the principal and interest of the loan according to the time and amount agreed in the student loan contract. The normal repayment time is 65438+ February 20th every year (September 20th of the last year).
(2) Repayment rules
Interest repayment ※
Borrowing students shall bear interest on their own from September 1 day of graduation year. Since the year of graduation, 65438+February 20th is the normal interest repayment date. The grace period is 65438+ February 20th of the year of graduation, and 65438+ February 20th of the following year. You only need to pay interest without repaying the principal.
Repayment of principal ※
Starting from the third year of graduation, according to Article 3 of the Loan Principal Repayment Plan of the repayment contract, the principal will be repaid in installments except the self-paid interest, and the last principal will be repaid except the self-paid interest on September 20 of the year when the loan expires. Since then, the contract has been settled.
Pay special attention to
College entrance examination, postgraduate entrance examination and other borrowing students who need to extend the discount termination date and extend the grace period should contact the county financial aid center immediately after obtaining the admission notice to change their schooling information and repayment plan. If it is not changed in time, the interest generated shall be borne by the borrowing student himself.
(III) Repayment process
Borrowing students can contact the student aid center of the county (city, district) of origin to inquire about the repayment amount or log in to the online service system of the student aid loan of China Development Bank to inquire about the "principal repayment plan" and "current repayment amount". ※.
※ Borrowing students will recharge the repayment funds to the personal designated Alipay account or use Alipay repayment function before 65438+February 65438+May.
From the following year 1, borrowing students can log on to the student online system to check the repayment situation. ※.
2. Advance payment
(1) Advance payment
Early repayment is the repayment behavior of partially or completely settling a loan in advance.
(II) Repayment process
Every year, except 1 1- 10, the borrower (co-borrower) contacts the county-level student financial assistance management center or logs on to the online student service system to submit an application for early repayment. When submitting the application, you can check the amount of principal and interest to be repaid. ※.
Before 15 of the month in which the borrower (co-borrower) applies for prepayment, the repayment funds shall be recharged to the personal designated Alipay account or the repayment function of Alipay shall be used for repayment. ※.
Borrowing students (co-borrower) can log on to the student online service system from the following month 1 to inquire about the prepayment. ※.
Pay special attention to
(1) You can apply for prepayment every year except110 days (including10 days), and the interest is calculated until the 20th of the current month. Applications made after the current month 10 shall be regarded as applications for early repayment next month, and the interest shall be calculated until the 20th of the following month.
(2) Insufficient funds shall be deemed as automatic waiver of prepayment, and the application can be continued next month without overdue treatment.
3. Overdue repayment
(1) overdue repayment
Since the graduation year, the borrower fails to repay the principal and interest on the repayment date (65438+February 20, and the loan maturity year is September 20), which is overdue. Overdue repayment can be made before the 20th of each month except June 165438+ 10.
(II) Repayment process
Starting from 1 1 every month, the borrowing student (co-borrower) contacts the county-level student financial assistance management center or logs in to the student online service system to check the overdue repayment amount. There will be no penalty for overdue interest. ※. If the borrower has overdue principal, the penalty interest shall be calculated from the date when the principal is payable, and the penalty interest corresponding to the overdue principal is 130% of the normal interest rate for the same period. Principal and interest payable for overdue repayment: including overdue (unpaid) principal and interest and penalty interest as of the 20th of the repayment month.
The Borrower (co-borrower) recharges the repayable funds to the Alipay account designated by the individual or uses the Alipay repayment function to make repayment before 15 of the current month. ※.
Borrowing students (co-borrower) can log on to the student online service system from next month 1 to inquire about overdue repayment. ※.
Pay special attention to
Overdue repayment constitutes a breach of contract, which will form a bad credit record in the credit information system of the People's Bank of China.
4. Liability for breach of contract
(1) breach of contract
Failure to repay the national student loan within the time limit and amount agreed in the loan contract shall be regarded as breach of contract. The handling bank will charge a penalty interest on the amount of the default loan, and record its default behavior in the personal credit information system, and financial institutions will no longer handle new loans and other credit businesses for it.
(ii) Consequences of breach of contract
Default penalty: If the loan principal is not repaid on time as agreed in the loan contract, penalty interest will be charged according to the actual overdue amount and overdue days, and the penalty interest rate will be 130_ yuan of the normal loan interest rate. ※.
Punishment for breach of trust: According to the relevant regulations of the state, China Development Bank will record the default information of loan students who have repeatedly overdue and maliciously defaulted on loans into the personal credit information system of the People's Bank of China. Once the bad credit record is loaded into the personal credit information system, it will directly restrict the application and use of almost all financial products such as students' personal credit card, house purchase and car loan. ※. The borrower who seriously breaches the contract will bear relevant legal responsibilities.
5, system use
(A) China Development Bank student credit student loan online system
The website of China Development Bank's online service system for student-origin credit student loans is. Borrowing students (co-borrower) can apply for early repayment through this system, inquire about the loan status, repayment plan and repayment records, and make personal information changes, co-borrower information changes and personal account changes. When using this website, please pay attention to the operation guide at the bottom of the page.
(2) Alipay
The National Development Bank will automatically generate an Alipay account for the borrowing students and print it on the loan contract. Alipay is a leading third-party payment platform in China. Borrowing students can transfer money to the bank through this account. At present, repayment through Alipay is the main repayment method of student loans of China Development Bank. Repayment through Alipay is not limited by banks, regions and time, and there is no handling fee, which is simple to operate. Alipay
(III) Alipay repayment process
At present, there are two ways to use Alipay for repayment: one is to directly recharge the funds payable to the designated repayment account; The second is to use Alipay repayment function to complete repayment directly. The second way is the safest.
Recharge: At present, Alipay supports ICBC, Agricultural Bank of China, China Merchants Bank, China Construction Bank and other 19 online banking to recharge Alipay accounts. Before recharging, borrowing students need to use bank cards to open online banking. ※.
Alipay repayment function: Alipay repayment function is not limited by accounts, and any Alipay account can be used to repay loan students. ※.
Second, what is the use of the repayment period of the student loan?
The repayment period of the student loan can be chosen by yourself, from 1 to 17, and within this range, you can choose by yourself. The interest rate of the loan varies with the term. The shorter the term, the lower the interest rate, and the longer the term, the higher the interest rate.
Three. Twelve. How long is the repayment period of the national student loan?
In 2004, the new national student loan policy paid off the principal and interest of the loan within six years, and the students with good grades were promoted.
Fourth, the repayment period of student loans.
The loan period is determined according to the full-time undergraduate academic system plus 10 years, and the longest is not more than 14 years, that is, the full-time undergraduate academic system is 4 years, and after graduation, it is added with 10 years. The loan amount does not exceed 8,000 yuan per student per academic year; Students' interest during school is fully subsidized by the government, and interest is calculated year by year according to the benchmark interest rate after graduation. Students and parents share the responsibility for repayment.
On the other hand, even if the university applies for a student loan four years later, the total loan amount is only 32,000 yuan, which is not high. Moreover, when children leave campus and enter the workplace, family income will increase, which will also reduce the pressure. It seems too conservative to apply for a loan for more than 65,438+00 years. It is suggested to arrange the loan term reasonably to avoid unnecessary capital cost. The reason is that the loan term is directly linked to the capital cost, and the longer the term, the higher the capital cost will be.