Interest-free According to relevant information, there is a contract for a three-year interest-free loan of 50,000 yuan for poor households, which can be repaid in advance and is also interest-free. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
How to repay mortgage with credit card during interest-free period
Credit card is a payment method issued by major banks, and now many people apply for it. But the essence of credit card is loan, which needs to be repaid on time, but credit card has an interest-free period. Then, let's see how to use the interest-free period of credit cards.
There are three ways to use the interest-free period of credit cards: the first way is to spend on the day after the bill date: if your bill date is the 5th of each month, please swipe your card on April 6th, so that you can have a 50-day interest-free period. In this way, the interest-free period can be used to the maximum extent, and there is no need to pay interest for repayment during the interest-free period.
Second, change the billing date: there are multiple options for the billing date of a credit card, such as 5th,15th and 25th of each month, which can be changed once every six months. During the period from April 26th to May 4th, I applied to change the charge date of this credit card: I suggest that the charge date be adjusted to 25th of each month, so that the transaction on April 6th will not be charged until May 25th, and the credit card center naturally requires the repayment in June 15, thus enjoying the interest-free period of 7 1 day (April 6th-June 15
Third, apply for bill installment: apply for bill installment payment after bill payment on May 25th and before repayment on June 15. At this time, the installment of the transaction on April 6 will be delayed for another month until June 25, so that the credit card center will not ask for repayment until July 15. On April 6, the interest-free period of the transaction reached (April 6-July 1 5)10/day, which was equivalent to more than three months of short-term credit, and the cost was only the handling fee of the bill1installment.
Is it cost-effective to get an interest-free car loan for two years? Can I repay the interest-free car loan in advance?
Friends who have made loans should know that most loans are not free, and they generally charge interest. However, some people borrowed money to buy a car and saw a car with interest-free loans in a shop in 4 S. The repayment period is two years, so I don't know if it is cost-effective to get an interest-free car loan for two years. Can I repay the interest-free car loan in advance? Here is an analysis for everyone.
Is it cost-effective to get an interest-free car loan for two years?
Many 4S shops do have some vehicles that can get interest-free loans for two years, but judging from three aspects, it is not worth it.
1, first of all, it depends on whether it is really interest-free. Most interest-free loans are actually gimmicks, claiming to be interest-free but not free, because there is an installment fee, which is equivalent to collecting interest on a monthly basis. Moreover, this handling fee is fixed for each installment, which is calculated according to the total amount of arrears and the rate of each installment, and will not decrease with the decrease of the repayment principal for each installment.
Secondly, it depends on whether to buy auto insurance. There are many interest-free car loans bundled with insurance in 4S stores. Borrowers who want to apply for interest-free car loans usually ask insurance companies that cooperate in 4S stores to buy rights. It will take at least two years to buy one, and a deposit will be paid to prevent the borrower from regretting it. In fact, there are many insurances that are unnecessary to buy, and they cost a lot of money.
Finally, it depends on whether there are other expenses. There is also a 4S shop interest-free car loan, which will be matched with some auto supplies for borrowers to buy. If you don't buy them, you can't get a car loan. These car parts are not cheap. The so-called wool is on the sheep, and the borrower spends more money.
In short, if one or two of the three aspects mentioned above are involved, or both win, it is not very cost-effective to get an interest-free car loan for two years.
Can I repay the interest-free car loan in advance?
You can repay in advance. It is recommended to read the prepayment clause in the loan contract before making a decision.
Usually, there may be fines for prepayment and other expenses.
The above is "Is it cost-effective to get an interest-free car loan for two years?" I hope it will help everyone.
How to apply for an interest-free car loan?
Go through the necessary formalities with the relevant financial institutions. The loan procedure is as follows:
1, valid personal identification;
2. Household registration certificate or long-term residence certificate (the residence certificate can provide utilities, telephone charges, etc.). );
3. Personal income certificate, family income or property certificate when necessary;
4. Work certificate of the current unit;
5. Marriage certificate and spouse ID card (unmarried spouse materials and marriage certificate are not required, but divorce certificate or divorce agreement is required). Car purchase agreement, contract or letter of intent signed with the dealer (both new and used cars can be issued).
First, buy a car with an interest-free loan
As the name implies, buying a car with an interest-free loan is to set the interest of the loan to zero, and only need to repay the principal of the bank. However, interest is the profit point of these lending financial institutions.
Second, the loan object
One is people with stable jobs and high incomes who want to buy a car but can't get the full amount. These people are mainly young buyers under the age of 30. Because of their short working hours and limited savings, interest-free loans are very popular among these people.
The other category is some consumers who are good at financial management.
Third, the way of car loan.
There are two common loan methods in the market. One is the "1-3-year interest-free loan law", which is also the most common mortgage method in the market at present. Consumers only need to pay the principal, and all the interest generated during the period shall be borne by the dealer. However, only within the interest-free period stipulated by the manufacturer, the repayment is zero interest, and the expenses generated by interest will be paid normally in the remaining months.
The other is "13 months interest-free loan method", which has a maximum term of 13 months, with zero interest for repayment within the specified period, and does not support early repayment.
Fourth, matters needing attention
The so-called zero interest rate means that consumers only need to pay a certain down payment when buying a car, and the rest can be paid to the lender in installments without paying any interest.
Chen Hongsheng, the public relations minister of Dongfeng Citroen, said that car loans with zero interest rate and zero down payment are equivalent to disguised car promotion. Different from the situation abroad, the domestic' zero interest rate' cannot be regarded as a real interest-free loan. Whether users can get actual price concessions still needs to be measured by users themselves. "
Take the "zero interest rate" car loan method selected by users, the car loan should be carried out on the basis of the full price of the original factory guide price of the vehicle. For example, if you buy a car with an official guide price of about 6,543,800 yuan, the market quotation may be as low as 85,000 yuan, but the user must apply for a "zero interest rate" loan car purchase business at a price of 6,543,800 yuan. After the loan is finally paid off, the amount of interest-free part is regarded as the preferential price for purchasing this model. In fact, the cost of buying this car has exceeded the actual market value of this car.
Consumers should carefully consider this "zero interest rate" or "zero down payment" car loan method, and ask about the possible costs in the middle of the service, otherwise it may not be worth the candle.