(1) interest rate
According to the new private lending law, those with an annual interest rate below 24% are protected and those with an annual interest rate above 36% are returned. If the interest is between 24% and 36%, you don't have to pay it back if you have already paid it.
What needs to be noted here is the relationship between rates and interest rates. Low interest rate is not equal to low interest rate.
(2) repayment method
When applying for a loan, you also need to choose the appropriate repayment method according to your personal situation. For example, the repayment method of average capital and equal principal and interest determines how much interest you pay. In addition, we should also consider whether to pay interest first, repay the principal and interest at maturity or mortgage repayment.
(3) Advance payment
If there is a certain expectation of future income, considering the possibility of prepayment in the future, we must consider whether the loan product itself can be repaid in advance, whether it is necessary to pay liquidated damages and whether the interest has changed. These problems may even affect your personal credit information.
(4) indicate the personal information of both borrowers and borrowers.
In order to avoid the situation of the same name and surname, and to facilitate the court to issue a summons when the dispute is filed, it is necessary to indicate the names, ID numbers, addresses and other information of both borrowers and borrowers.
(5) Indicate the loan details.
Be sure to indicate the amount and duration of the loan in the contract just in case. If it is convenient, you can calculate when and how much you need to pay back. In addition, it is also necessary to indicate the purpose of the loan and the corresponding punishment measures after default.
(6) Bank information
This is to facilitate the borrower to transfer money to the lender's personal account. It is best to indicate the lender's loan card number, name and bank.