How is it better to repay the renovation loan of CCB? See which one suits you!

As one of the four state-owned banks, CCB has many well-known loan products, among which decoration loan is one, and many friends have applied for it. However, for the repayment method of decoration loans, CCB has given a variety of choices, and many people have begun to worry. Which one to choose? Today, I will introduce them to you separately. I hope you can choose the one that suits you best after reading it.

1. Matching principal and interest

Matching principal and interest means repaying the same amount of loans (including principal and interest) every month during the repayment period. In this repayment method, the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month.

For example, if you get a decoration loan of 1, yuan from CCB and repay it in two years, the loan interest rate will be calculated, and the principal and interest to be repaid every month will be RMB, and the total principal and interest will be RMB after all repayment.

2. average capital

In average capital, the total amount of loans is divided into equal parts during the repayment period, and the same amount of principal and the interest generated by the remaining loans in that month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is getting less and less, the initial repayment pressure is greater.

For example, if you get a decoration loan of 1, yuan from CCB and repay it in two years, the loan interest rate is calculated. The first month is RMB, and the second month is RMB, and so on. The monthly repayment is RMB less than the previous month.

3. It is easier to understand that the principal and interest are repaid in one lump sum when it is due. During the loan period, the principal and interest are not repaid monthly, but after the loan expires.

according to the above example, this repayment method only needs two years later, and the one-time repayment needs to repay 11,66 yuan.

Here, I introduce three repayment methods of renovation loan of CCB, and give examples for comparison, so you can choose the one that suits you best.

There are two ways to repay the renovation loan of CCB.

Many netizens apply for renovation loans at CCB, and CCB provides two repayment methods: the equal principal and interest repayment method and the average capital repayment method. Many netizens don't know how to choose, and ask how the decoration loan of CCB is better. Here, I will explain these two ways.

equal principal and interest repayment method

The borrower repays the loan principal and interest in the same amount every month. In this way, the interest accounts for a high proportion in the initial repayment, and the principal is relatively small. Later, with the gradual reduction of monthly interest expenses, the returned principal will gradually increase. For example, I got a renovation loan of 1, yuan from CCB, with an interest rate of 5%, which was repaid in 12 installments, and the monthly repayment was RMB. The interest in the early stage accounted for a large proportion of the repayment, and then it was reduced step by step, and the total principal and interest was RMB.

average capital repayment method

The borrower repays the loan principal with the same amount every month, and the interest decreases with the principal month by month, so does the monthly repayment amount. For example, I got a renovation loan of 1, yuan from China Construction Bank, with an interest rate of 5%, which was repaid in 12 installments, with a repayment of RMB in the first month, and then the repayment amount in each installment was reduced by RMB, with a total principal and interest of RMB.

Comparison between the two

Under the condition of the same loan time, the interest to be paid by equal principal and interest repayment method is higher than that by average capital repayment method. However, the repayment pressure of average capital repayment method is relatively high at the beginning, and then it will gradually decrease, which is suitable for borrowers with strong repayment ability, while the repayment amount of equal principal and interest is the same in each installment, which is suitable for borrowers with weak repayment ability.

Generally speaking, how to make the renovation loan of CCB more suitable depends on the actual situation of the borrower, and choose the repayment method that you can accept. Friends who need decoration loans can come to choose a product with low cost, many varieties, quick loan and one-on-one service from credit managers.

what are the repayment methods of CCB's credit card decoration loan?

As the saying goes, it is not difficult to borrow money when you have it, not only from friends, but also from bank credit cards and loans, and not paying back on time will also generate interest, which will affect personal credit information. Today, what I present to you is the repayment method of CCB credit card decoration loan, and a variety of repayment methods are available for you to choose from.

one of the repayment methods: repayment within the card issuance

There are mainly repayment methods such as the counter of the issuing bank, ATM, online banking, automatic transfer and telephone banking. After repayment, the credit card limit will be restored immediately, and the money will generally be recorded after being processed by the system on the same day.

the second repayment method: inter-bank transfer repayment

there are two main repayment methods: inter-bank in the same city and inter-bank in different places. Generally, there is no handling fee for transferring money through mobile banking, but there will be some delay in this way. When repaying, you must reserve the time for receiving the account to avoid overdue.

the third repayment method: repayment through a third-party payment platform

nowadays, AliPay and wechat have become the main payment methods, and many people repay their money through this method, but not all banks support it, and there will be some delay in receiving the account. If it is the first choice, you must understand it in advance to avoid repayment failure or overdue.

At the same time, I suggest that you choose full repayment as far as possible, because only the minimum repayment will not only generate interest, but also the bank will take back the three-day repayment grace period.

no matter which repayment method you choose, you must repay on time.

, you can handle all kinds of credit cards quickly and safely.

This is the end of the introduction about how to repay the decoration loan of CCB and where to inquire about the repayment details of the decoration loan of CCB. Did you find the information you need?