① The total interest is different: with the same term, interest rate and loan amount, the interest of equal principal and interest is much higher than that of average capital;

② Different repayment pressures: the amount to be repaid in the early stage of equal principal repayment is more, and the amount to be repaid in the later stage is less and less, so the repayment pressure in the early stage is greater, and the repayment pressure in the later stage is less. Equal principal and interest every month, moderate pressure;

③ The cost of prepayment is different: the average capital pays more principal in the early stage, and the equal principal and interest pays more interest in the early stage. Therefore, if prepayment is considered, the shorter the loan time, the more cost-effective the average capital will be than the equal principal and interest.

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Response time: 2021-05-11. Please refer to the latest business changes announced by Ping An Bank in official website.

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