Hello, yes; Mortgage loan refers to the purchase of a house/car, with the property right of the house/car purchased as collateral, and the bank pays the money in advance, and then pays the principal and interest to the bank in monthly installments.
2. Can the bank loan be repaid in installments?
Of course, provided that you make it clear to the bank in advance that there is also the time limit and amount of installment repayment, so that you can apply for installment repayment. If there are special circumstances, you can also apply to the bank for an extension.
3. Can I repay in installments at the bank?
It was supposed to be paid in installments. You can also choose a few years, so you can pay more interest. Feel free to ask me for loan advice.
4. Can the credit cooperative loan be divided into stages?
The loans of rural credit cooperatives can be repaid in installments, and commercial banks have regulations that loans with a term of more than two years will make their own installment repayment plans.
RuralCreditCooperatives (hereinafter referred to as rural credit cooperatives) refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management, and mainly provide financial services for members.
Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.
In accordance with the provisions of national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and restrict and crack down. Rural credit cooperatives are divided into the following departments: Rural Credit Cooperatives, International Finance Department of Rural Credit Cooperatives, Zheng Tong Rural Credit Cooperatives Training School, Credit Department of Rural Credit Cooperatives, etc. It is a department under the dual leadership of CBRC and the State Council.