I want to study abroad. Now I can apply for a bank loan. What are the conditions?

At present, only China Bank and Shanghai Pudong Development Bank have loans for studying abroad, while Industrial and Commercial Bank of China and CITIC Industrial Bank have some financial services that are very close to loans for studying abroad. The repayment period is generally 2 years after graduation and paid off within 6 years. When the funds are sufficient, they can also be paid off directly in advance, and no interest will be charged during school. Interest is calculated from the date of graduation until you pay it off.

The loan term is generally one to six years, and the loan interest rate shall not exceed ten years at the longest (including ten years): it shall be implemented according to the loan interest rate of the same grade stipulated by the bank. If the term is within one year (including one year), the interest will be calculated according to the contract interest rate, and the contract interest rate will remain unchanged when the legal interest rate is adjusted; The term is more than one year and the interest rate is fixed for one year. When the statutory interest rate is adjusted, it shall be implemented according to the adjusted interest rate of the bank on the next interest rate determination date; Loans overdue did not approve the extension of the part, according to the bank's overdue loan interest rate.

To apply for a loan for studying abroad, you need to meet the following conditions:

1. The borrower has full capacity for civil conduct, and the actual age of the loan due date is no more than 55 years old;

2. The borrower has no violation of laws and regulations, is healthy, and is honest and trustworthy;

3. If the borrower is an overseas student, he should have a permanent residence or other valid residence status at the lender's place before studying abroad;

4. If the borrower is an immediate family member or spouse of a student studying abroad, he should have a permanent residence or other valid residence status in the area controlled by the lender, have a fixed residence, have a stable occupation and income source, and have the ability to repay the principal and interest on schedule;

5. The borrower shall hold an admission notice or other valid admission certificate issued by the school where the student intends to study abroad;

6. The borrower shall provide property mortgage, pledge or third-party guarantee recognized by the lender. Mortgaged property is limited to property with mortgage right; Pledges are limited to securities such as government bonds, bank certificates of deposit and corporate bonds; The guarantor shall be a legal person or natural person with compensatory ability, and be willing to bear joint and several liability for repayment.

Extended data:

The simple and popular understanding of loan is to borrow money with interest.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans and interest subsidies? A general term for borrowing funds such as overdraft. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

References:

Baidu encyclopedia-loan