and you can choose to reduce the monthly payment according to your own economic situation and repayment ability, and keep the repayment period unchanged; Or choose to shorten the repayment period and keep the monthly payment unchanged.
It should be noted that the interest that can be reduced or exempted varies with the time of prepayment.
if you choose to prepay at the later stage of repayment, the interest will be basically repaid by then, and even if you prepay, you won't get much interest relief, which is not very cost-effective.
if you choose to repay in advance in the middle and early stages of repayment, the interest will be reduced more.
It should be noted that the loan term is 2 years, and generally it will be around the seventh year, and the proportion of interest in the monthly repayment amount will gradually become less than the proportion of principal, so it is better to make repayment in advance in the first seven years.
if you don't know the situation of hacking big data on your own network, you only need to search: pinecone search, click query, and enter information to find your own 1-line credit data. However, with the establishment of Baixing Credit Information, almost overdue online loans will affect personal credit in the future. When you borrow money, you must pay attention to your ability.
Extended information:
Is it better to buy a house loan in average capital or equal principal and interest?
whether to choose average capital or equal principal and interest as the repayment method of house loan has its own advantages.
1. Matching principal and interest means that during the whole repayment period, the monthly repayment amount remains the same (the proportion of principal and interest will change constantly, and the proportion of interest in the previous period is large. With the continuous repayment, the proportion of interest will decrease month by month, and the proportion of principal will increase month by month).
in this way, it is more convenient to arrange income and expenditure.
2. average capital divides the total loan into equal parts, and then repays the same amount of principal and the interest generated by the remaining loan in that month every month, so the monthly payment will be less and less.
compared with the equal principal and interest, the total interest is less, and the later period is easier.
However, the early repayment burden is heavier, so the demand for economic income level is higher.
From this, we can draw the following conclusions:
1. Matching principal and interest is more suitable for people with stable income.
2. average capital is more suitable for those who have a certain economic foundation and can bear the heavy repayment pressure in the early stage.
no matter which repayment method you choose, you must pay attention to repayment on time and avoid overdue.
if you have sufficient funds at hand later, you can make prepayment.