There are three ways to repay bank loans: equal principal and interest repayment method, average capital repayment method, interest before this method, equal ratio progressive repayment method, equal progressive repayment method and combination repayment method. The borrower needs to repay the loan in the way agreed with the bank.

legal ground

Article 39 of the Interim Measures for the Administration of Personal Loans

With the consent of the lender, the personal loan can be extended.

For personal loans within one year (inclusive), the cumulative extension period shall not exceed the original loan period; For personal loans of more than one year, the cumulative extension period and the original loan period shall not exceed the maximum loan period stipulated by the loan variety.

Article 40 of the Interim Measures for the Administration of Personal Loans

The lender shall recover the loan principal and interest in accordance with the loan contract.

For loans that are not repaid according to the loan contract, the lender shall take measures to collect or restructure by agreement.

Article 674 of the Civil Code of People's Republic of China (PRC)

The borrower shall pay interest at the agreed time limit.

Article 675 of the Civil Code of People's Republic of China (PRC)

The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

How many kinds of bank repayment methods are there?

1. Credit card repayment methods mainly include issuing bank counter, ATM, online banking, automatic transfer, telephone banking, etc. Interest-free repayment period The interest-free repayment period is from the bank bookkeeping date to the due repayment date. In the meantime, you don't have to pay any interest as long as you pay off all the amount payable in the current statement.

2. Loan repayment methods include matching principal and interest repayment method, average principal repayment method, lagging matching principal and interest repayment method, lagging average principal repayment method and one-time principal and interest repayment method.

3. The common repayment methods of personal loans mainly include equal principal repayment, equal principal and interest repayment, equal increase (decrease) repayment, and repayment of principal and interest on schedule.

4. The repayment methods of national student loans mainly include due repayment and early repayment.

Extended data:

1. Calculation formula of equal principal repayment:

Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

2. Calculation method of equal principal and interest repayment:

[loan principal × monthly interest rate ×( 1 monthly interest rate) repayment months ]=[( 1 monthly interest rate) repayment months]