This is not absolute, mainly depends on how the contract is stipulated.
Most repayment methods of bank loans can mean changing the contract, and changing the contract means that both parties have to agree. That is, the consent of the bank is required. The contract is written and cannot be changed.
Specifically: long-term loans can be changed in most cases, such as mortgages. You can apply for changing the repayment method. Short-term loans do not support changing repayment methods.
2. After the loan is approved, can the repayment method be changed?
You need to negotiate with the bank. You can change it if the bank agrees. You can't change it if the bank doesn't agree. It is also possible that your reputation will be reduced and you will be in trouble in the future. Please ask the bank. I hope it will help your reference!
3. After the loan is approved, can the repayment method be changed?
You can change it once. As for how long it can be changed after the loan, it needs to follow the bank's policy.
4. After the loan is approved, can the repayment method be changed?
Different banks have different regulations on whether individual mortgage repayment methods can be changed. In addition to matching principal and interest, average capital is also the repayment method of mortgage. With the same loan amount, fixed number of years and interest rate, the total interest of average capital is less than that of average capital. This is also the main reason why many people want to change the repayment method.
Generally speaking, the method of mortgage repayment cannot be changed. Because the personal repayment method was signed at the beginning, it is not easy to change. However, some banks support changing the repayment method, but the procedures are complicated.
Although most banks don't support changing the convenience of mortgage repayment, if an individual has a certain deposit now and has the ability to pay off his mortgage or return part of it in advance, he can apply for early repayment.
The repayment method of mortgage is determined when applying for a loan to buy a house, which is not easy to change, but the regulations of each bank are different, so it is necessary to consult the loan bank.