Is it better to borrow 15 years or 20 years?
If you apply for a personal loan at China Merchants Bank, "loan interest and monthly payment" are calculated according to the total loan amount, loan period, execution interest rate, repayment method and other factors. Under the same loan amount, loan interest rate and repayment method, the longer the service life, the more interest will be generated, but the monthly repayment amount of "equal principal and interest" is relatively small.