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Repayment of Personal Housing Loans

Time: 2017-01-19         Source: Financial 360 finishing         Author: 360 Financial consolidation

1. One-off repayment method

Loan applicants do not repay principal and interest on a monthly basis during the term of the loan, but instead return all principal and interest at a single time after the loan expires, which is currently within the one-year period (including one year) issued by the People's Bank of China.Personal housing loanThis method is used.

2,Equal repayment of principal and interestlaw

The equal principal and interest repayment method is a method in which the sum of the principal of the loan is repaid on a monthly basis. Since the monthly repayment amount is the same, it is simple and simple, and it is applicable to those households with stable sources of household income during the whole loan period, such as state organs, scientific research, and teaching staff. CurrentlyHousing provident fund loansThis approach is used in commercial personal housing loans with most banks.

3, equal principal repayment method

Also known as Lee's Law of the Qing Dynasty, etc., the loan applicant reimburses the average amount of the loan to the entire repayment within each period (month), and pays the previous transaction day to this repayment. A loan repayment method for daytime loan interest. Monthly repayments in this way are reduced month by month and are more suitable for loan applicants who already have a certain amount of savings, but whose income is expected to gradually decrease, such as middle-aged and elderly employees, have a certain amount of savings but will retire in the future. Adjacency revenue will decrease. This method was introduced in January 1999 and is being gradually adopted by banks.

In addition, there are currently a few domestic banks (such as China Construction Bank) that are piloting two new interest-paying repayment methods in large and medium-sized cities:

1、Comparative progressive repayment method

Also known as equal increment (decrease) progressive method, is to divide the entire repayment period by a certain period of time. Each time period is more or less than the previous time period by a fixed ratio, and each time period A type of repayment method for returning the loan principal and interest with the same repayment amount.

2. Equal Progressive Repayment Act

Also known as the equal increment (decrease) progressive method, which is similar to the "comparative progressive repayment method", except that the "fixed ratio" for which more (less) repayments are agreed in each time period is changed to "fixed amount". "" A repayment method that returns the loan principal and interest with the same repayment amount every month within the same time period.

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