The lender and the borrower shall clearly stipulate the repayment method and repayment plan in the loan contract, and authorize the lender to take the initiative to deduct the loan principal and interest from the account designated by the borrower on the agreed repayment date. Enterprises and institutions that withhold cash to repay loans may sign entrustment withholding agreements. If the loan term is within 1 year (including 1 year), the principal and interest of the loan can be repaid monthly or paid off in one lump sum at maturity. If the loan term exceeds 1 year, the borrower shall repay the loan principal and interest on a monthly or quarterly basis from the second month after the loan is used. Customers can choose one-time principal and interest repayment, equal principal and interest repayment and average capital repayment. If the borrower fails to repay the loan within the agreed time limit, the overdue part shall be charged with interest on a daily basis according to the default interest rate of the overdue loan from the date of overdue until the principal and interest are paid off.

(Answer time: May 30, 2023)

The above contents are for your reference. Please refer to the actual business regulations.

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