Postal loan repayment method
1. Equal principal and interest
Matching principal and interest is a common repayment method, and the repayment amount of each installment is the same.
2. Average capital
Average capital is also a common repayment method. The same principal is repaid in each installment, and the total repayment amount decreases with the decrease of interest.
3. Equal principal and interest in installments
Matching principal and interest in installments is a major feature of the study abroad loan of Postal Savings Bank. During the grace period, only the interest is repaid but not the principal (the longest is 1 year), and the principal and interest will continue to be repaid after the grace period.
4. Stage average capital
You can repay the interest but not the principal within the grace period (the longest is 1 year), and continue to repay the loan according to the method of average capital after the grace period.
5. One-time repayment of principal and interest
One-time repayment of principal and interest is a way for everyone to pay off the loan for studying abroad at one time on the loan maturity date.
What is the repayment method of postal loan?
If the income is relatively stable, you can choose the repayment method of equal principal and interest, so that the repayment amount of each installment is the same. If the current income is relatively high, but it is likely to decline in the future, you can choose the repayment method in the average capital. The principal returned in each installment is the same, but the total repayment amount will decrease with the decrease of interest. If there is a large one-time income in the future, you can choose to repay the principal and interest in one lump sum.
In short, according to the actual situation of different people, it is good to choose the repayment method that is beneficial to you. The above is the introduction of the repayment method of postal savings loan, and I hope it will help everyone.