In order to alleviate the temporary financial burden of many students studying abroad, some students choose to study abroad loans. I have compiled relevant knowledge for you below, hoping it will be useful to you.

An analysis of international students' application for study abroad loans

The loan for studying abroad is a RMB loan issued by the Bank of China to the borrower for the deposits, tuition fees and living expenses * * * including the travel expenses abroad * * * required by the educated to attend preparatory colleges, universities or pursue master's or doctoral degrees. It can be divided into study abroad deposit loans before obtaining a visa to go abroad and study abroad education loans after obtaining a visa to go abroad. Among them, the study abroad deposit loan is a loan for the funds needed by the educated to study abroad.

What is the loan amount for studying abroad?

In principle, the loan amount for studying abroad shall not exceed the sum of tuition and fees and living expenses required by the educated during their study in school, with a minimum of 654.38 million yuan and a maximum of 500,000 yuan.

What is the term and interest rate of the loan for studying abroad?

Generally, the term of the loan for studying abroad is 1 to 6 years, and the longest loan shall not exceed 10 years * * * including 10 years * *.

The loan interest rate for studying abroad shall be implemented according to the loan interest rate of the same grade stipulated by the People's Bank of China. The term is 1 year * * with 1 year * *, and the interest is calculated at the contract interest rate. When the statutory interest rate is adjusted, the contract interest rate remains unchanged; Term 1 year or more, and the interest rate is fixed for one year. If the statutory interest rate is adjusted, it shall be implemented according to the adjusted interest rate of the People's Bank of China on the next interest rate determination date; Loans overdue did not approve the extension of the part, according to the provisions of the people's Bank of China overdue loan interest rate.

How to calculate the interest rate-here are some intuitive figures:

If the term is within 1 year, it shall be calculated according to the interest rate agreed in the contract, and the contract interest rate shall remain unchanged regardless of whether the statutory interest rate is adjusted or not; If the term exceeds 1 year, the bank loan interest rate of the same grade stipulated by the People's Bank of China shall be implemented and adjusted with the interest rate adjustment. For example, the annual interest rate is 6.03%. Assuming that the bank loan term is five years and the total bank loan is 200,000, the monthly loan is 200,000 * 6.03%/12 * *1+6.03%/12 * * 60/.

Application process of study abroad loan

When applying for a loan, the borrower shall submit a written loan application to the lender, fill in the relevant application form, and submit the following documents and supporting materials:

1. The original ID card, household registration book or other valid residence certificate of the individual and spouse, and the valid identity certificate of the educated person. Students attending * * * schools must show their educated passports. What about the original passport-* * or pass and provide their copies for the record.

2. In principle, there should be a certificate of guardianship between the borrower and the educatee notarized by the national notary department and the birth certificate of the educatee.

3. Proof that the borrower recognized by the lender has a fixed occupation and stable economic income.

4, the school's "Admission Notice", the school's proof of the total amount of tuition and fees required for students during their study.

5. If the property is mortgaged or pledged, a list of mortgaged property and the pledge or statement signed by the person who has the right to dispose of the property, including the property co-owners, shall be provided. Collateral shall submit the value evaluation report issued by the relevant departments and the insurance files of the insurance department, and the pledge shall provide the authorization certificate. Where a third party provides a guarantee, it shall issue a written document of the guarantor's consent to the guarantee and relevant credit certification materials.

6. Original and photocopy of personal savings passbook or credit card opened in the loan bank.

Several mortgage methods of studying abroad loans;

* * * 1 * * real estate mortgage: the maximum loan amount shall not exceed 60% of the value of collateral recognized by the lender.

* * * 2 * * Pledge: The maximum loan amount shall not exceed 80% of the value of the pledged property.

* * * 3 * * Credit guarantee: If a third party provides joint and several liability guarantee, and 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.

How to issue bank loans

Bank of China has more than 600 branches all over the world. In the United States, for example, we have branches in new york and Los Angeles. These institutions can flexibly issue bank loans to overseas students. In addition, students can receive money in different academic years and semesters and transfer it from the bank loan account opened for them to their designated account.

Matters needing attention in studying abroad

1 master emergency * * *

Please log on to the China Consular Service Network and the website of the Ministry of Foreign Affairs before departure, and inquire and save overseas safety information such as travel reminders and warnings. If the destination country has no diplomatic relations with China, you can store the telephone numbers of China's embassies and consulates in its neighboring countries and ask for help nearby.

In addition, you can also write down the hotline of the Global Consular Protection and Service Emergency Call Center of the Ministry of Foreign Affairs +86 10- 12308 or+8610-59913991for future use.

Check the validity of the passport.

The remaining validity of a passport should generally be more than one year, otherwise it may affect your visa application in other countries or your itinerary during your stay abroad.

3 Complete the visa for the destination country.

Ensure that the entry visa of the destination country and the transit visa of the stopover country have been obtained, the visa type is consistent with the purpose of going abroad, and the validity period and stay period of the visa are consistent with the travel plan. However, it should be noted that according to international practice, even if you have obtained a visa from a certain country, that country has the right to refuse you entry without giving reasons.

4. Inquire about the ticket information of planes, cars and ships.

Check carefully whether the boarding time, place and connecting ticket shown on the ticket are correct.

5 Understand the destination information

Comprehensively collect information on customs and taboos, climate conditions, public security, epidemic diseases, laws and regulations of the destination, and take corresponding preventive measures.