Choose to shorten the term or reduce the monthly payment based on the following circumstances: reducing total interest and reducing monthly payment pressure.

1. If you want to reduce the total interest: Users can choose to shorten the term. Shortening the term means that the monthly payment amount remains the same, and the shorter the repayment time, the less interest on the loan will naturally be generated. If the user chooses to repay the principal amount in advance and wants to minimize the interest on the loan, then it is appropriate to choose to shorten the term.

2. If you want to reduce the monthly payment pressure: Users can choose to reduce the monthly payment. Reducing the monthly payment means the term remains unchanged, the monthly repayment amount is reduced, and the user's monthly payment pressure will naturally be reduced. Although it does not save interest by shortening the life span, it can reduce the monthly monthly payment in the long term and improve the user's quality of life, so it is suitable for users with low monthly wages.