If the user has agreed on the repayment method when signing the loan contract with China Construction Bank, the repayment method cannot be changed in the middle of the loan term. However, there is an agreement in the loan contract that users are allowed to change the repayment method after prepayment, so users can only switch between the average capital and the equal principal and interest if they re-sign the loan contract when they run prepayment operation.

When signing a contract, users should make an agreement with China Construction Bank on whether to choose equal principal and interest or average capital. In many cases, the repayment method cannot be changed.

Can equal principal and interest of China Construction Bank mortgage be converted into average capital?

If the user is still in the stage of signing the mortgage contract, then the equal principal and interest can be exchanged for the equal principal repayment. And the loan contract has been signed, then the repayment of equal principal and interest cannot be changed. Therefore, when signing a mortgage contract, users must carefully consider which repayment method to choose. Once the repayment method is determined, it cannot be modified.

Because different users have different economic conditions, it is good to choose the repayment method that suits them, which can effectively reduce the overdue risk.

Can the repayment method of equal principal and interest be changed to equal principal repayment?

Matching principal and interest repayment method can be changed to matching principal repayment.

Under the following circumstances, with the permission of the bank, the matching principal and interest can be converted into average capital:

1. At present, it has sufficient repayment ability, and it can repay in full and on time every month on average. Because the average capital repayment amount in the early stage is large, it decreases month by month, which is more suitable for lenders with strong repayment ability in the early stage.

2. I plan to repay in advance, and the repayment of equal principal and interest has not yet reached the medium term. The average capital repayment method mainly repays the principal in the early stage, which is suitable for prepayment. Matching the principal and interest is to add up the total principal and interest of the mortgage loan and then share it equally every month.

Extended data:

Advantages: Pay the same amount every month. As a lender, the operation is relatively simple. Bear the same amount every month, which is also convenient for arranging income and expenditure.

Disadvantages: Because the interest will not decrease with the repayment of the principal amount, the bank takes up a long time of funds, and the total interest of repayment is higher than the average principal repayment method to be introduced below.

Applicable people: families with stable income, buying a house for self-occupation and economic conditions that do not allow excessive investment in the early stage. You can choose this way, such as civil servants, teachers and other groups with relatively stable income and job opportunities.

Baidu Encyclopedia-Equal principal and interest repayment method

Can equal principal and interest of CCB be changed to average capital?

Generally, the repayment method of equal principal and interest cannot be directly changed to equal principal repayment, and it can only be handled after the remaining loan principal is paid off in whole or in part. Please consult the bank handling the loan for details.

The calculation methods of equal principal and interest and average capital are different and cannot be changed directly once confirmed.

Measures for the administration of individual housing loans

Article 27 Where a loan contract needs to be changed, it must be agreed by both borrowers and borrowers through consultation, and a change agreement shall be signed according to law.

Extended data:

At present, there are only two repayment methods for both provident fund loans and commercial bank loans: average principal and equal principal and interest. The calculation methods of the two repayment methods are different. The longer the loan term, the greater the interest difference.

In the case of average capital, if the loan interest rate remains unchanged, the total interest that the lender needs to pay in 30 years is 586,625 yuan. In the case of equal principal and interest, the total interest that the lender needs to pay in 30 years is 68,0091.3 yuan, which is 93,466 yuan more than the average capital.

I really don't know, but I'm shocked. This is still a provident fund loan. If it is a commercial loan with a relatively high interest rate, the interest for 30 years can be hundreds of thousands. For this reason, if the lender does not specifically propose, the bank generally defaults to the repayment method of equal principal and interest for obvious reasons-it can charge more interest.

The repayment pressure of equal principal and interest is small. In this case, why should banks provide two repayment methods for lenders to choose from? This is because the total interest of the equal principal and interest repayment method is more, but the advantage is that the monthly repayment amount is relatively fixed, and the amount is neither too much nor too little, which is easy to remember and relieves the lender's loan pressure.

Is it worth repaying the loan in advance? In the way of matching principal and interest, the mortgage repaid in the early stage is mainly the interest part. The average mode of capital, early mortgage, is mainly the principal part. In reality, many people don't really borrow for 30 years. More often, with the resale of real estate, many buyers will settle their mortgages in advance.

Who is suitable for prepayment? Generally speaking, the following two types of people are more suitable for prepayment. First, the borrower in the early stage of repayment, because the interest expenditure is usually concentrated in the early stage of repayment, the borrower can save interest by repaying the loan in advance at this time. Second, when the borrower can pay the remaining balance of the mortgage, but can't meet other capital needs, it is more cost-effective to choose early repayment.

Baidu encyclopedia-personal housing loan

People's Network-How to repay the mortgage with less pressure? The total interest on average capital is very low.