Repayment is something that must be done after successfully obtaining a loan, but many people only know the equal principal and interest and the average capital as the repayment method of the loan, but they don't know anything else. But in fact, in addition to these two common repayment methods, there are the following ways:

1. Pay the interest in one lump sum and repay the principal when due.

This repayment method means that the borrower pays off the loan interest in one lump sum, and then pays off the principal in one lump sum when the loan expires, which is mostly used for short-term lending by private lending.

2. Pay interest on a monthly basis and repay the principal when due.

This repayment method is generally used for short-term loans, which means that the borrower only needs to repay the interest every month and pay off the principal in one lump sum when the loan expires.

3. Pay interest monthly and repay the principal quarterly.

It means that the borrower repays the interest once a month and the principal once a quarter, which is mostly used for business operation and breeding loans.

4. Equal benefits

This repayment method is to allocate the loan principal and loan interest to each month, and the interest paid in the early stage is relatively low.

Pay interest first, and then repay the principal in equal amount.

This repayment method means that the borrower only needs to repay the interest in the early stage and then repay the principal and residual interest in the later stage. This kind of repayment loan is the familiar student loan.

6. Pay as much as you borrow

Within the specified loan period, the lending institution gives the borrower a certain credit line, within which the borrower can repay with the loan.

7. Biweekly supply

The so-called biweekly payment means that the borrower pays the loan once every two weeks, which saves more interest because of the high repayment frequency.