(1) installment repayment method: it is most suitable for young people who have just left society.

Because young people and college students have just joined the work and are short of funds, this repayment method allows customers to have a grace period of 3-5 years, and they only need a few hundred yuan each month to start repayment. Five years later, with the increase of income and the consolidation of economic foundation, repayment will also increase into a normal repayment method.

(2) Equal principal repayment: suitable for people with high income and low repayment pressure.

With equal principal repayment, the borrower can gradually reduce the burden with the increase of repayment period. This repayment method is to allocate the principal to each month and pay off the interest between the previous repayment date and the current repayment date. Regarding the repayment of equal principal, President Gao explained, "Under the same conditions, the total interest repaid by the average capital method is less than the equal principal and interest. With the passage of time, the repayment burden will be gradually reduced, but there are also shortcomings. Because the interest is decreasing, the monthly payment will be higher than the equal principal and interest in previous years, which is very stressful. Therefore, although the customer knows that the repayment burden will be gradually reduced, he still prefers to choose the equal principal and interest. This repayment method is suitable for people with high income and low repayment pressure. " According to the regulations of most banks now, some loans can only be repaid once a year in advance. If the borrower intends to repay in advance, the average capital repayment method is also a good choice.

(3) One-time repayment of principal and interest: suitable for people engaged in business activities.

One-time repayment of principal and interest refers to the repayment method of repaying all the loan interest and principal at one time on the loan maturity date. The one-time repayment of principal and interest method is applicable to loans with a term of less than one year (inclusive).

For small enterprises or self-employed, President Gao suggested paying the principal and interest in one lump sum, which can reduce the repayment pressure, because the interest is paid quarterly and paid off in one lump sum at the end of the year, so as to maximize the use of customers' funds. "

It seems that for the "mortgage family", although there is still a long way to repay, choosing a suitable repayment method will still save some money for the "mortgage family".