The monthly repayment of the ICBC house loan in December 2014 is interest + principal.

There are two types of loans: equal principal and interest and equal principal.

The characteristics of the equal principal and interest method are: the monthly repayment amount is the same. In the distribution ratio of "principal and interest" in the monthly payment, the interest paid in the first half of the period is larger and the principal ratio is larger. After half the repayment period, it gradually changes to a larger proportion of principal and a smaller proportion of interest. The total interest paid is more than the equal principal method, and the longer the loan term, the greater the interest difference.

The characteristics of the equal principal amount method are: the monthly repayment amount is different. It divides the loan amount evenly according to the total number of months of repayment (equal principal amount), plus the remaining principal of the previous period. The monthly interest forms the monthly repayment amount, so the first month's repayment amount of the equal principal method is the largest, and then it decreases month by month, and the more you repay, the less it is. The total interest paid is less than the equal principal and interest method.