Everbright, ICBC and Pudong all deduct the same amount from each bill.

Everbright's installment fee is relatively low.

Matching principal and interest repayment method is to add up the total principal and interest of mortgage loans and then distribute them evenly to each month of repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month.

Calculation method of equal principal and interest:

Monthly repayment amount = loan principal × [monthly interest rate× (1+monthly interest rate) repayment months ]{[( 1+ monthly interest rate) repayment months ]- 1}

Bidding process:

1, submit the application materials;

2. Bank acceptance bills (investigation and approval);

3. Both parties sign a credit contract;

4. Apply for mortgage guarantee, and the quota will take effect;

5. When you need to use the loan, you can go through the loan and repayment procedures through bank outlets, self-service equipment and online banking.

-Refer to People's Daily Online