How to repay the personal loan of the bank?
There are four common repayment methods for personal loans of banks: equal principal and interest repayment, equal principal repayment, one-time principal and interest repayment and regular principal repayment. The following are four repayment methods of personal loans from banks.
Matching principal and interest repayment: Matching principal and interest repayment is the most common repayment method, and ordinary banks will also recommend borrowers to adopt this repayment method, because this repayment method has the same repayment amount every month, which is convenient for borrowers to remember and arrange income and expenditure, and is suitable for borrowers with stable income. However, because the interest will not decrease with the repayment of the principal, it is precisely because of this that the total interest on repayment is relatively high and it takes a long time to occupy the bank money.
Average capital repayment method: average capital repayment method can save a lot of interest compared with matching principal and interest repayment method, but the amount to be repaid in the early stage is more, so the repayment pressure in the early stage is greater, but the repayment pressure will decrease month by month, which is suitable for borrowers with better economic income.
One-time repayment of principal and interest: Although this repayment method is simple to operate, it is not suitable for loans with a loan term of one year or less.
Repayment of interest and principal on schedule: The borrower can negotiate with the bank to specify the repayment time according to his own economic situation. Not all banks have this repayment method, which is suitable for borrowers with unstable income.
What are the consequences of personal loans from banks?
1. The bank will take certain collection measures. In the initial telephone notice, if the loan is really not paid, you can explain your actual situation to the bank and try to apply for an extension, which depends on different bank regulations;
Note: the delay will be regarded as negative information in the credit report, indicating that there are some problems with your repayment ability, but it is still better than the overdue situation.
2, overdue for more than 90 days, if the circumstances are serious, it can be regarded as malicious overdue, and bank collection may also cause life pressure for yourself and your family, affecting the normal life of individuals and families;
3. In terms of overdue fees, there will be some fees such as liquidated damages and penalty interest, which need to be collected according to the contract. Different institutions and different loan products charge different liquidated damages or penalty interests;
4. It has an impact on personal credit records, and bad credit records become obstacles to future loans such as mortgages and car loans and credit card processing;
5. If the loan has not been sued to the court, and the court still refuses to repay the loan after the execution of the judgment, you can report it to the Supreme People's Court and enter the "list of people who have been executed because of dishonesty", which is also commonly known as the "Lao Lai list", and it will be forbidden to travel by high-speed rail.