Hello there,Early repayment
There are different ways, most banks can provide five ways to advance repayment, for customers to choose.
, That is, all the remaining customers will haveloan
Pay off in one go. (Without interest, but the interest paid has not been refunded)
The second part of the early repayment, the remaining loans to maintain the same monthly repayment, the repayment period will be shortened. (Save more interest)
Third, part of the early repayment, the remaining loans will be reduced monthly repayment, to maintain the repayment period unchanged. (To reduce the burden on the moon, but less than the second saving)
Fourth, some early repayment, the remaining loans will be reduced monthly repayment, while the repayment period is shortened. (Save more interest)
Fifth, the remaining loans to maintain the same total principal, only to shorten the repayment period. (Monthly increase, reduce some interest, but relatively uneconomical)
Experts suggest that early repayment, should minimize the principal, shorten the loan period, the interest payments less.