Let's talk about the difference between different repayment methods. 1. The least routine is revolving loan, which pays interest regularly and repays the principal at maturity. It takes several days to get the interest, and the target interest rate is the same as the interest rate, which is suitable for operating turnover. The disadvantage is that the pressure of due repayment is great. 2. Average capital, equal repayment of principal and interest. These two kinds of repayment, paying the principal and interest on a monthly basis, have the advantage of low repayment pressure and the disadvantage of sharing the interest equally every month. If repayment is made in advance, interest shall be paid in advance; If not, the interest will be too much in the end. 3. Calculate the total interest of the principal according to the target interest rate, and then allocate the total principal and interest evenly to each month. This is a standard conventional loan with a target annual interest rate of 3%(3%) or even lower. In fact, the less the principal, the more interest. 4. Every day's interest rate propaganda is a hooligan. The daily interest rate is five ten thousandths (0.05%) and ten thousand yuan a day in 5 yuan. Considering the low interest rate, the actual annual interest rate reaches 5360 100 18% (one eighth), which is a standard usury. The daily interest rate of 2.77 is one cent a year. In the future, anyone who sees the daily interest will have to make a detour.
Related Q&A: Related Q&A: There are often calls asking if you need capital turnover, and the interest is 3%! Is it true?/You don't say. First, let's look at what a loan, mortgage or credit is like. Credit is rarely 3%. In the past, China Bank was a public institution, and the requirements were quite high. It can still be mortgaged, with equal principal and interest of 2% and 7%, with interest paid first and then 3% and 2%, 4% and 6%. Find it yourself.