What are the repayment methods for Xiyin Quick Loan? The repayment methods of Xiyin Quick Loan are as follows:
1. Equal principal and interest repayment: This is one of the most common repayment methods. In equal principal and interest repayment, the borrower pays a fixed monthly amount. (including principal and interest) until the loan ends.
2. Equal principal repayment: In equal principal repayment, the borrower repays a fixed principal every month, and the interest amount is calculated based on the remaining principal, so the monthly repayment amount gradually decreases. .
3. Pay interest on schedule and repay the principal once upon maturity: In this repayment method, the borrower only needs to pay interest on the loan on schedule, and the principal will be repaid in one lump sum when the loan matures. Repayment refers to the process in which the borrower returns the borrowed funds and corresponding interest charges within a specific period of time in accordance with the loan agreement reached with the borrowing institution or financial institution.