Traditional Culture Encyclopedia - Traditional festivals - With the compensation of cotton-padded jacket, the repayment method of loan principal will be adjusted from five repayment methods to

With the compensation of cotton-padded jacket, the repayment method of loan principal will be adjusted from five repayment methods to

From 2020, the repayment mode of loan principal will be adjusted from five repayment modes to three repayment of all principal.

10% of the principal is repaid in the 12 month, 20% in the 24th month and 70% in the 36th month after the loan contract is signed. After reaching an agreement with the loan financial institution, the borrower may repay the loan in advance according to the loan contract.

Personal business guarantee loans should be paid off in one lump sum at maturity, or agreed by the borrower and the guarantee institution and the handling bank to be repaid in installments.