China Construction Bank's mobile phone for shortening loan term.

Shortening the loan term can be achieved by "prepayment".

Generally speaking, you can apply for adjusting the loan term. At present, the loan interest rate is only short, medium and long. One year is short-term, two to five years is medium-term, and more than five years is long-term. So the adjustment period is still more than five years, and the interest rate will not change. This is when the loan interest rate is fixed. The technical operation is that only by paying off the loan in advance and reducing the principal can the interest expense of the loan be reduced.

ChinaConstructionBank, formerly known as People's Construction Bank of China, was established in June 1 954+1October1(later renamed China Construction Bank on March 26th, 1996). The head office is located at No.25, Financial Street, Beijing. It is a large state-owned commercial bank managed by the central government and a national deputy ministerial unit. The main business areas of China Construction Bank include corporate banking, personal banking and treasury business, with branches and subsidiaries in 29 countries and regions, and subsidiaries in many industries such as funds, leasing, trust, life insurance, property insurance, investment banking, futures and pension.