Equal-amount loans are divided into: equal-amount principal and interest loans and equal-amount principal loans. Compared with equal-amount principal and interest loans, equal-amount principal loans can save a lot of interest under normal repayment conditions. \x0d\1. Equal-amount principal and interest loan: Compound interest rate is used. At the settlement time of each repayment, the interest generated by the remaining principal will be calculated together with the remaining principal (loan balance). That is to say, the unpaid interest will also be calculated. This seems to be better than "interest compounding". "Even more powerful. Abroad, it is recognized as a loan method that suits the interests of lenders. \x0d\2. Equal-amount principal loan: The simple interest rate method is used to calculate interest. At the settlement time of each repayment, it only calculates interest on the remaining principal (loan balance). That is to say, the unpaid loan interest is not calculated together with the unpaid loan balance, but only the principal is calculated as interest. calculate. \x0d\3. Therefore, under the traditional repayment method, the longer the loan cycle, the more interest a loan with equal amounts of principal and interest will generate than a loan with equal amounts of principal. Therefore, if the borrower cannot adjust (or choose) the repayment method, the longer the loan period, the more likely the borrower should choose an equal-amount principal loan.