Whether it is equal principal and interest or average capital, the calculation of interest is: the monthly interest rate of the total loan last month. Compared with the average capital, matching the principal and interest is because the total monthly repayment is the same, and the interest paid in the first month is the same as the average capital (the monthly interest rate of the total loan last month), so the principal paid is less, the loan balance in the next month is higher and the interest is higher. This picture can be used for reference.

2. What is the repayment method of equal principal and interest for ICBC personal loans?

The repayment method of equal principal and interest for ICBC's personal loan means that the repayment method of the borrower's bank loan is equal principal and interest, and the same amount of loan is repaid every month, including principal and interest;

Characteristics of equal principal and interest repayment method:

Refers to a repayment method of housing loan, in which the same amount of loan (including principal and interest) is repaid every month during the repayment period.

Matching principal and interest repayment method refers to the borrower's equal repayment of loan principal and interest 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 average capital repayment method means that the borrower repays the loan principal with the same amount (loan amount/loan months) every month, calculates the loan interest according to the remaining loan principal at the beginning of the month, and settles it every month, and the sum of the two is the monthly repayment amount.

3. What is the repayment method of ICBC's personal loan in average capital?

The average loan principal repayment method means that during the loan period, the monthly loan principal is unchanged and the loan interest is decreasing month by month.

4. What is the repayment method of equal principal and interest of ICBC personal loan?

Matching principal and interest repayment refers to the equal repayment of loan principal and interest every month within the loan term.