1, interest machine operator:
Before graduation,Student loans to students
Interest is subsidized by the government, borrowing students do not need to pay interest;
After graduation, students begin to repay the loan annually. After the graduation of students that September 1 loan interest borne by the borrower, the government no longer subsidizes interest. The average monthly repayment of medium and long-term loans is different from student loan repayment once a year, the repayment time is before December 20, the final year of expiry is September 20.Student loans
Interest is based on the actual number of days annual income received. Student loan interest is based on the benchmark interest rate, the interest rate does not float.
Note: Overdue not only will not only produce bad credit, but also a penalty. Student loan penalty interest rate of 130% of the benchmark interest rate, based on the actual overdue amount and the number of days overdue penalties. However, students from student loans interest will not generate compound interest, only the loan amount calculated interest. Student loan can also bePrepayment
, Early repayment will not calculate the interest of the unexpired stage.
(1), early repayment
A, submit an early repayment application time: January to July each year 10 days before you can apply for early repayment, interest calculated to the 20th of the month. If after the 10th of the month (except July), the application will be regarded as applying for early repayment next month, the interest will be calculated to next 20 days.
B, deposited in advance repayment of funds time:
If you are the Agricultural Bank of China repayment and repayment before the 10th of the following month on the 10th of the previous month (repayment account is the Agricultural Bank of China card or Alipay students can enter the online system inquiries) should be deposited in the designated 15 days before that month ABC card. If you are the Agricultural Bank of China card repayment and is the month after the 10th to the next month to submit an early repayment application, it should be deposited into the designated bank card by the 15th of next month.
If you are Alipay repayment and is 10 days after the 10th of the previous month on the 10th of the month to submit an early repayment application (repayment account is ABC card or Alipay students can enter the student online system query), should be deposited on the 20th of the specified month Alipay account. If you are Alipay repayment and the month after the 10th to submit an early repayment application on the 10th of next month, it should be deposited in the designated Alipay account before the 20th of next month.
(2), installment repayment
Please refer to the student online system for repayment plan before December 15 (the last year before August 15 or September 15) from the year of graduation. The principal and interest should be paid only (interest only two years before graduation) Full deposit in the designated ABC card or Alipay account (repayment account is ABC card or Alipay students can enter the student online system query). Installments repayments are calculated on a yearly basis. Students can enter the online system of the students after November 20 to check the principal and interest of the year.