The interest rate is 5.6%, which has two meanings. One is the annualized interest rate of 5.6%; Or 5.6% for half a year; The monthly interest rate of 5.6% is usury.

As for the repayment method, according to the agreement, the principal and interest can be repaid at maturity.

You can also repay the principal and interest every month, such as average capital and equal principal and interest.

You can also repay the interest every month and the principal at maturity.

It depends on the loan contract.

Of course, the principal of the loan will be repaid in the end.