Repayment Method of Rainbow Loan of Hebei Bank

The repayment method of Rainbow Loan of Hebei Bank matches the repayment method of principal and interest and the repayment method of average capital. There are two main repayment methods for banks, namely, equal principal and interest repayment and equal principal repayment. Matching principal and interest repayment method is to add up the total principal and interest of mortgage loan and spread it evenly to each month of repayment period, and the repayment amount of each month is fixed. However, the proportion of principal in monthly repayment increases month by month, and the proportion of interest decreases month by month. This method is the most common and recommended by most banks for a long time. For repayment of equal principal, the lender will allocate the principal to each month and pay off the interest from the previous trading day to the repayment date. Compared with the matching principal and interest, the total interest expense of this repayment method is lower. The principal and interest paid in the early stage are more, and the repayment burden is decreasing month by month. Although this repayment method is very stressful in the early stage, it can alleviate the pressure in the future. Its characteristic is that with the passage of time, the less repayment, the easier it is.