Pay interest first, and then pay the principal only once a month, which is due.

The repayment method is as follows:

First, repay the principal in one lump sum at maturity. This repayment method is often used for credit loans of sub-banks. The advantage is that only the interest is paid every month, the repayment pressure is small, and the utilization rate of loan funds is high. For example, the loan is 6,543,800 yuan, with a monthly interest rate of 6%, and the interest will be paid first and then one year later. Then you only need to pay interest every month, 600 yuan, for one year.

Second, after the interest, the principal and all interest will be paid in one lump sum. This repayment method is even better than the repayment method of paying interest first and then paying principal. There is no need to pay interest every month. It is the way to maximize the utilization rate of funds. For example, the loan is 6,543,800 yuan, with a monthly interest rate of 6% and interest paid for one year. Then, before 1 1 month, the interest will be paid to 0 yuan every month. One month's interest (600 yuan 00 yuan) and the principal will be 654.38+million yuan, and a total of * * * needs to be paid back 107200 yuan.

Third, repay the principal and interest irregularly. Finally, according to the agreement, the interest will be repaid irregularly, and the principal will be repaid in one lump sum at maturity. This repayment method is also a version. You can agree in the contract signed with the bank to repay the principal once every quarter, or how to repay it every two months. For example, the loan is 6,543,800 yuan, with a monthly interest rate of 6%, and the principal is repaid quarterly. That's 6003= 1800 yuan, and no interest will be paid in other months. When it expires in one year, the principal will be paid in one lump sum of 654.38 million yuan.

Fourth, match the principal and interest, repay the principal and interest every month, and the monthly repayment amount is equal. This lending method is often used in the mortgage loan business. The monthly principal and interest are paid together, and the repayment amount is fixed. It is also commonly used in pure credit loan business. Generally, the term is 2 years, the loan is 6,543,800 yuan, the monthly interest is 6%, the principal and interest are equal, and the term is 654.38+ 00 years. According to the calculator, the monthly fixed repayment is 1 17 1.42 yuan, and all loans will be paid off after 10 years.

5. In the average capital, the monthly repayment of interest and principal is different. The loan method of "more before less" is also commonly used in mortgage loan business. Repay the principal and interest together every month, but the repayment amount is different. At first it was more, then it was less. Because the monthly repayment of the principal is equal, with the reduction of the principal, the interest paid later will be less and less.

2. What does Minsheng Bank need for personal loans?

Hello, I suggest you contact the personal loan consultation telephone number to provide your specific loan purpose and help you inquire about the relevant application conditions and information.

Personal loan: please dial 95568 directly and press 3 to transfer to the loan special group: (The service hours of the loan special group are from 9:00- 17:00 from Monday to Friday).

3. What are the personal loan conditions of Minsheng Bank?

To apply for a bank loan, you need to prepare materials:

1. Valid ID;

2. Permanent residence or valid residence certificate, permanent residence certificate;

3. Proof of marital status;

4. Bank flow;

5. Proof of income or personal assets;

6. Credit report;

7. Use plan or loan purpose statement;

8. Other information required by the bank.

Requirements for unsecured credit loans of banks:

(1) Persons who have reached the age of 18, have full capacity for civil conduct, have permanent residence for urban residents or hold valid identity cards, and the age of the lender required for bank loans is generally between 18-60;

(2) have a stable legal income and the ability to repay interest;

(3) Other conditions required by the lending bank.

The procedure for handling unsecured credit loans is usually divided into three steps:

(1) Basic information submitted by the customer, including work unit and contact telephone number.

(2) The lending bank or company should check the credit information of customers, including whether there are any illegal records in the credit rating of customers, and investigate the business operation status of self-employed individuals and small and medium-sized enterprises.

(3) The staff of the lending unit signed a contract with the customer to realize the loan in the shortest time.

4. What are the conditions for applying for a livelihood loan?

Minsheng Bank's business-related loans are mainly aimed at individuals and small and micro business owners, and belong to mortgage loans.

The loan amount of Minsheng Bank can reach 100% of the assessed value of collateral, and the maximum amount for a single household can reach 5 million yuan; Just provide the basic information of the borrower's family and business; Lend money within 3 working days after the formalities are completed; The loan amount is valid for 5 years; You can borrow it, you can pay it back, and the interest is calculated by the day.

To apply for a loan from Minsheng Bank, you need to meet the following conditions: the actual controller of small and micro enterprises or individual industrial and commercial households; The business entity has been operating stably for 2 years; Good credit record; Have a local property (residence or business place).