The repayment method of the loan is:
1, interest takes precedence. This method, also known as the final settlement method, means that the borrower pays off the loan principal and interest on the loan maturity date and repays the interest every month. Generally applicable to loans with a term of 1 year (inclusive).
2. Equal principal and interest repayment method. Refers to the average monthly repayment of loan principal and interest during the loan period.
3. The average capital repayment method refers to the equal repayment of the loan principal every month during the loan period, and the loan interest decreases with the principal month by month. It is characterized by regular and fixed repayment of principal and monthly payment, and the monthly loan balance is reduced.
4. Equal-ratio progressive repayment method: the borrower repays the loan with a certain proportion of progressive amount (installment amount) in each time period, in which the amount returned in each time period includes the interest and principal due in that time period, and repays it in installments according to the repayment interval, and pays off all the principal and interest before the loan deadline.