Extended data:

Grace period is the deferred repayment period of debt. When the loan is used for a project, the repayment source is based on the income obtained after the project is put into production. In this case, there is no repayment source during the project construction period, even at the initial stage of production, and it is necessary to agree on a deferred repayment time. In the project of utilizing foreign capital, the borrowed foreign exchange needs to be repaid through the export of products, so it still takes a long time for the products to earn foreign exchange after the project is put into production, which is very important in determining the length of grace period. Although the principal cannot be repaid in advance during the grace period, according to international practice, the interest (withdrawal) under the loan project is paid to the lender once every six months after borrowing, which means that the grace period is only applicable to the repayment of deferred principal. Interest is paid every six months during the grace period, which requires borrowers to find another source of foreign exchange funds. One way is to make the interest principal and add the interest paid every six months to the total loan, that is, to increase the total loan.

Grace period repayment method is a repayment method derived from average capital repayment method. That is, within the repayment period (month/quarter/year) agreed in the loan contract (except the last installment), if the borrower repays the repayment amount of each installment within the grace period, it will be regarded as normal repayment, and no penalty interest will be charged during the grace period; If the repayment exceeds the grace period, penalty interest will be charged according to the actual days of default (including the days of grace period).

Applicable people: this method is mainly to solve the problem of non-malicious temporary arrears caused by some customers' temporary business trips or special circumstances. Usually, banks will give such supporting preferential schemes to their high-quality customers.

Loan grace period

After the mortgage loan is issued within the grace period, the borrower only needs to pay interest every month within the time limit stipulated in the contract, and will not return the loan principal temporarily. After the grace period is over, the loan will repay the principal and interest in the form of the average capital agreed in the contract or the equivalent principal and interest. The grace period is 1 year (12 period), 2 years (24 periods) and 3 years (36 periods).

For example, if the buyer applies for a loan of 500,000 yuan and 65,438+0 years, if the grace period is 65,438+0 years, the loan term will be 65,438+065,438+0 years (65,438+00 years+65,438+0 years), and the loan will be issued on June 2006. During this period, the borrower only pays interest and does not repay the principal. After one year 12 expires, the borrower begins to repay the principal and interest, and the monthly repayment amount is greatly increased. This repayment method can greatly reduce the early repayment pressure, especially suitable for buyers who have exhausted their savings when buying a house, but have insufficient financial strength such as decoration and wedding, and have better income prospects in the later period.