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How to repay the loan How to repay the loan

1. Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments. Provident fund loans and most bank profit-making loans use this method;

2. Equal principal repayment: that is, the borrower divides the loan amount evenly into all repayment days and repays each installment. A repayment method that simultaneously settles the interest generated between the last trading day and the current repayment date;

3. Repay part of the loan in advance: that is, the borrower can repay early by clearly applying to the bank. A portion of the loan amount, usually a non-negative integer of 10,000 or 10,000;

4. Repay all loans in advance: that is, the borrower explicitly applies to the bank to repay all the loan amount in advance. After repayment, At that time, the lending bank will stop the borrower's loan and handle the corresponding cancellation procedures.

The above is the relevant content on how to repay the loan. Loan Introduction

Loan is an activity by a bank or other financial institution based on a certain interest rate and the need to repay other standard assets. Loans in a broad sense refer to the collective term for lending assets such as loans, exchanges, and overdrafts. Banks can promote economic development by releasing concentrated currency in the form of loans. At the same time, banks can also obtain interest income from it and increase the bank's own accumulation. This article mainly writes about knowledge points about how to repay a loan, and the content is for reference only.