Installment payment: At present, a personal loan of rural commercial banks is to apply for personal credit. The loan for applying for personal credit is: one-time credit and installment recovery, with a term of 2-3 years and a credit line of 200,000-300,000 yuan. During the credit period, it can be recovered by itself. If you use this letter, you will pay interest. If you don't use the letter, you don't have to pay interest. But the credit line is still there, and you can use it at any time until the credit period expires. This is quite convenient.

Repayment by installments: after handling the loan, a certain amount of loan principal and interest will be repaid every month, and all the loan principal and interest will be repaid to maturity, similar to mortgage loans.

For the above two loan methods, customers can choose to apply according to their actual situation.