Repayment of principal and interest means that the borrower has repaid the principal and interest of the loan and settled the loan, usually in advance or on schedule. The repayment methods are usually divided into equal principal and interest and equal principal repayment. The proportion of the principal to be repaid in each period of equal principal and interest repayment is from least to most in the total repayment. When equal principal is repaid, the interest is From more to less, so if the borrower wants to pay off the principal and interest in advance, it is better to choose the equal principal payment method. What you need to pay attention to when applying for a loan

1. The reason for the loan: The borrower must clearly and accurately explain the reasons to the lending institution when applying for a loan;

2. Loan amount: The higher the amount applied for by the borrower, the more difficult it is to apply, because the risk is greater for the bank, and the borrower is required to provide proof that is sufficient to match the amount;

3. Approval materials: Borrowers usually need to prepare personal credit record certificates, income certificates, asset certificates and other materials that can prove their personal repayment ability;

4. Repay on schedule : After the loan is disbursed, the borrower must repay the loan on time and in accordance with the loan contract.