The specific operation is as follows:
If you want to go to the bank to contact your account manager for a loan, fill out an application form, change the repayment method, sign your name and press the red handprint.
No other formalities are needed to change the repayment method.
Extended data:
There are two mortgage methods for general mortgage loans, usually two methods: equal principal and interest and average capital.
1. The total monthly repayment amount is different: the principal and interest are equal, and the monthly repayment amount is the same. Average capital, equally divided principal and monthly repayment amount are different.
2. The repayment calculation idea is different: the average capital divides the loan amount by months, plus the monthly interest of the remaining principal in the previous period. The matching of principal and interest means that the proportion of interest repaid in the first half of the year is large, but the proportion of principal repaid in the second half is small.
The difference between the two
1, with different concepts:
The average capital is also called regular interest payment, that is, the borrower repays the loan principal and interest in equal amount every month, in which the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled every month. The monthly payment is the same. Matching principal and interest refers to a way of repaying loans, that is, paying the same amount of loans every month during the repayment period.
2. Different interest rates:
The total interest paid by equal principal and interest is more than that paid by the average capital method. The longer the loan term, the greater the interest difference. Because the repayment amount is the same every month in this way, the income will increase with age or promotion.
The average capital paid the most in the first month, and then decreased month by month. The total amount of interest paid is less than the equal principal and interest method. However, this repayment method has a high repayment amount in the early stage of the loan period and is suitable for lenders with strong repayment ability in the early stage. The principal method can be used for the elderly, because income may decrease with age or retirement.
3, suitable for different people:
Matching principal and interest is more suitable for families with fixed income every month. With the increase of income, the loan pressure will be reduced and the quality of life will be improved. However, if you choose the average capital, the financial pressure in the early stage will be very great.
Average capital is more suitable for users with certain savings or strong working ability and good future income expectation, while only those with certain financial strength can easily afford the extra payment of average capital.
The trap of prepayment of average capital
1. In the average capital, repay the principal in equal amount every month, and then calculate the interest according to the remaining principal. Therefore, due to the large amount of principal in the early stage, interest will be paid more, so the amount of repayment in the early stage will be more, and then it will be reduced every month. The advantage of this method is that the early repayment amount is large and the interest expense will be reduced, which is more suitable for families with strong repayment ability.
2. In the average capital, the total loan is divided into two parts, and the repayment interest is calculated according to the remaining principal. In other words, the later this repayment method is, the less the remaining principal will be, so the less interest will be generated. When the repayment period exceeds 1/3, the borrower has paid nearly half of the interest. If he chooses to repay the loan in advance, he will pay more principal and cannot effectively save interest expenses.
Remarks: Personal banking agreement is required for the specific repayment method.
Here, I personally suggest that it is best to take a one-time loan, otherwise it will be troublesome to change the procedures.