How to choose the amount, term and repayment method of personal loan?

How to choose the amount, term and repayment method of personal loan?

If I can provide you with a personal credit loan of 2 million yuan, interest first and principal later, and pay it back as you use it, with a term of 20 years, isn't it particularly sweet?

The amount is high enough, has the reserve fund at any time, the turnover no longer begging;

As you use it, take it out and calculate the interest for one day. personal loanDo not use, no interest;

Personal loan term is long enough, need not worry about drawing personal loan, existence transition problem.

But in reality, there is no such perfect credit.

1. Credit limits,

Generally, the limit can be very limited, and credit management, 30 to 50, is very high.

If you want a very high amount, you have to provide collateral, usually 10 million people.

Of course, there are also very high commercial credit personal loans, up to 5 million in your name. You need to run a good enough enterprise and you need assets under your name.

However, it should not be used for too long. In general, it must be used once a year for up to three years.

2. the best way to repay,

Must be the principal before the interest. At maturity, it will be refunded together with the principal and interest.

This effective interest rate is the lowest and has the least impact on daily cash flow.

Very few banks have developed offering to learn this method of repayment.

Generally speaking, it's best to have a rest first, and then this. One million, only 3000 interest a month. It smells good.

Then the Equal Pay Day.

Why do mortgages smell good? Because it takes a long time, up to 30 years, which is 360 instalments. If the personal loan amount is divided by 360, the monthly payment will be much less.

If that day, the mortgage on a personal loan can be interest-based, which is perfect for personal loans.

Power engine, can borrow this money, the average person is unwilling.

3. the term

A good loan is certainly the best loan we can extend indefinitely.

Personal banking has a high limit, but the credit period is only one year. This kind of money is also dangerous.

Because many employers, it is easy to make short-term debt, long-term investment mistakes.

When it expires in one year, there is no money to repay the principal, and what is more troublesome is to cross the bridge financing, both of which are costs.

Therefore, the longer the letter, the better.

To sum up, how to use personal information to choose commercial personal loans, please follow the following principles:

Dosage: the higher the better;

Duration: the longer the better;

Repayment method: the previous interest, the best return.

Of course, the above is just an ideal situation, just saying.

Specifically, we will be from the individual qualifications and needs of a comprehensive analysis of the situation.

No matter how good the product is, it may not be suitable for you.

Suitable for students themselves, is our best.