Refers to the deferred repayment period of fixed assets debt.

Grace period is the deferred repayment period of debt. When the loan is used for a project and 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 construction period of the project, even at the initial stage of production, and a deferred repayment time needs to be agreed.

Different card-issuing banks have different regulations. The longer the grace period, the better for consumers. When considering the grace period, you should also understand the regulations of the issuing bank on the start date and settlement date.

Extended data:

After the mortgage is issued within the grace period, the borrower only needs to pay interest every month within the period stipulated in the contract, and will not return the loan principal for the time being. After the grace period, the loan principal and interest shall be repaid in the form of average capital or equal principal and interest as agreed in the contract. The grace period is 1 year (12 periods), 2 years (24 periods) and 3 years (36 periods).

For example, the buyer applies for a loan of 500,000 yuan 1 year, and if the grace period is 1 year, the loan term is1year (10,1year), and the loan issuance date is 2006/kloc.

During this period, the borrower only pays interest and does not repay the principal. After the expiration of one year 12, the borrower began to repay the principal and interest, and the monthly repayment amount increased greatly. 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 economic strength such as decoration and wedding, and have better income prospects in the later period.