The annual repayment methods of rural credit cooperatives loans mainly include the following:

(1) According to the signed loan contract, the repayment method of interest and principal is agreed.

(2) If it is agreed to settle interest on an annual basis, the principal shall be repaid in one lump sum and the interest shall be paid for one year.

(3) In addition, borrow interest on a quarterly basis and repay the principal in one lump sum at maturity; Borrow interest quarterly and repay the principal in installments.

A * * * indicates that there are the above three repayment methods.

Extended data:

Rural credit cooperatives student loans are:

(1) The loan interest of students during their study period is calculated according to the loan benchmark interest rate applicable to the agreed loan term, and the loan interest owed during their school period is not compounded;

(2) Repaying the principal and interest of the loan after graduation: if the loan term is within 1 year (inclusive), the principal and interest can be repaid in one lump sum; If the loan term is more than 65,438+0 years, the average capital repayment method or the equal principal and interest repayment method can be adopted, or it can be repaid in monthly or quarterly installments, or it can be repaid in one lump sum at maturity.

(3) Lenders allow eligible borrowers to repay the loan in advance. The specific way to repay the loan in advance is determined by the borrower and the borrower through consultation, and the interest is calculated according to the actual term of the loan, and no other fees are charged except the interest payable.

(4) The lender may also stipulate a two-year loan grace period in the contract according to the employment situation of the students after graduation. During the grace period, the loan principal will be paid off two years later and within the contract period.

References:

Baidu encyclopedia? Loans from rural credit cooperatives