1, the interest machine counts:
Before graduation,Student source loan
Interest is subsidized by the government, and borrowing students do not need to pay interest;
After graduation, students begin to repay the loan each year. The loan interest of the students after September 1st of the year of graduation is borne by the borrower, and the government no longer subsidizes interest. Different from the average monthly repayment of medium and long-term loans, the student-study loan is a one-year repayment. The annual repayment time is before December 20, and the last-year settlement date is September 20.Source loan
Interest is calculated on an annual basis based on actual days. The student interest loan interest rate is calculated based on the benchmark interest rate, and the interest rate does not rise.
Note: Overdue will not only produce bad credit, but also generate penalty interest. The student-study loan interest rate is 130% of the benchmark interest rate, and the penalty interest is calculated based on the actual overdue amount and the number of overdue days. However, the student interest loan interest will not be compounded, and interest will only be calculated based on the loan amount. Student-study loans can also bePrepayment
Early repayment does not calculate interest on the expiration date.
(1), early repayment
a. Submit the application time for early repayment: You can apply for early repayment before the 10th of each year from January to July, and the interest is calculated until the 20th of the month. If after 10th of the month (except July), the application will be considered as an application for early repayment in the next month, the interest will be calculated until the next month.
b, deposit the time for early repayment:
If you are repaying an ABC card and submitting an early repayment request 10 days before the 10th of last month (the repayment account is an ABC card or an Alipay student can enter the online student system), you should deposit it before the 15th of the month. ABC card. If you are repaying an ABC card and submitting an early repayment request from the 10th of the month to the 10th of the next month, you should deposit the designated ABC card by the 15th of next month.
If you are paying for Alipay and submit an early repayment application 10 days before the 10th of last month (the repayment account is an ABC card or an Alipay student can enter the student online system), it should be deposited in the designated day before the 20th of the month. Alipay account. If you are paying for Alipay and submitting an early repayment request from the 10th of the month to the 10th of the next month, you should deposit it into the designated Alipay account by the 20th of the next month.
(2), installment repayment
Please start before December 15th of each year (before August 15th of the last year or before September 15th, you can enter the student online system to check the repayment plan). The principal and interest will be paid back (the interest will be paid only two years before the graduation year). Deposit it in the designated ABC card or Alipay account in full (the repayment account is the ABC card or the Alipay student can enter the student online system). The installment repayment is calculated on an annual basis. After November 20th each year, students can enter the online student system to check the principal and interest of the year.