; ? How to get more cost-effective loans is the most frequently asked question by many people. In fact, getting a cost-effective loan is to reduce the loan cost, which can be solved from the aspects of loan type, loan term, repayment method and loan opportunity. Here is a brief introduction for everyone, and interested friends can learn about it together.

How to make loans more cost-effective?

1. Choose the appropriate loan type: There are many kinds of personal loans, which can be divided into mortgage loans and credit loans according to whether there is mortgage or not. Among them, mortgage loans need to provide collateral to lending institutions, such as cars and houses, which is easier than credit loans and the interest rate will be relatively low.

2. Choose the appropriate loan term: Different lending institutions will provide a variety of loan term options. The longer the loan term, the less the repayment pressure, but the more interest expenses. Try to choose a relatively moderate loan term, which is neither too long nor too short, and the repayment pressure will not be so great, and you don't have to pay too much interest.

3. Choose an appropriate repayment method: Common repayment methods include average capital and equal principal and interest, and different repayment methods have different loan costs. If equal principal repayment is selected, the total interest support will be less than equal principal and interest. For example: loan 10000 yuan, term 12 months, daily interest rate equal to total repayment of principal and interest, average total repayment of capital 10975 yuan, and interest difference RMB.

4. Improve comprehensive credit conditions: Many loans are priced differently according to the lender's current comprehensive credit conditions. The same lender has different comprehensive credit conditions in different periods, and the loan interest rate will be different. The better the comprehensive credit conditions, the lower the interest rate and the lower the loan cost.

5. Seize the opportunity to lend: Holidays are generally a good time to lend, and many lending institutions will launch various promotional activities, such as obtaining interest-free coupons to deduct loan interest and discounting novice loans. At this time, the loan is definitely more cost-effective than at other times.

The above is the introduction of "How to get a better loan", I hope it will help you.