Hello! I'm a steam mango that tells you about finance and loan information. Today, I am going to inform you about the credit repayment method and the loan process. Nowadays, there are many people who have received credit loans to invest in stocks, funds, and bitcoin. Leverage investment may be good, but if you fail, you will have a huge debt. So you have to be more careful, especially if you do not know about loans, first study credit loans.
Before we learn how to repay credit loans, we will start with what credit loans are. As the name suggests, it is a loan product that evaluates individual creditworthiness through indicators in various directions and sets the limit and interest rate based on it.
If you have high credit and good job and stable job, the limit will increase and interest rates will fall. However, if you are in the opposite situation, the limit you can borrow will decrease and interest rates will increase.
Where you lend money, you can not give a lot of limits or apply low interest rates because you take high risks. Here's why you can't get the lowest interest rate specified in the product.
credit loan process
In the past, loans were vague and negative, but now they are not, and the process is simplified so much that it is not so complicated. It's both online and offline.
offline loan process
In the analog format, I had to visit the branch office to get a loan from the beginning. It is a way to submit necessary documents and proceed after consultation. Since the counselor is right in front of you, you can proceed with more detailed consultation and apply for loans that can not be applied online.
Since the bank has to conduct an internal examination after the application, there is a certain period of time, and when the procedure is completed, the amount of the loan comes into my account.
online loan process
As non-face-to-face services are activated, you can now get online loans through the Internet and smart phones without having to visit the branch directly. You can check the limit through the site or application and check the interest rate.
Many people use it because of the advantage that it is not easy to visit by taking time directly, although there are many places where interest is higher than offline.
credit loan repayment method
It is natural to pay interest on 비대면폰테크 this because the loan is borrowing money, and there is a quite large difference depending on the method, amount, and sum of interest. Therefore, we should carefully select the loan amount and interest rate as well as the credit loan repayment method. We can divide it into equal repayment of principal, repayment of maturity date, and equal repayment of principal.
principal equal repayment
First, to explain the method of equal repayment of principal and interest, it is the same way to pay the same amount of borrowed money and interest, and it is easy to calculate or manage the money because the amount to be paid is the same every month.
The method of paying all the loans according to the maturity date is a repayment on the maturity date, while paying interest only during the period of using the loan. The advantage is that the loan does not decrease and the interest is the highest, but the expenditure is low while using the loan.
principal equal repayment
In the way that the principal is paid equally every month until the maturity, interest is calculated from the remaining principal and paid monthly with the principal.
Today, I have learned about the credit repayment method and the loan process, and because the repayment method varies depending on what kind of repayment method, I have to think about the individual repayment ability and the fund management plan enough and choose.It is also a good idea to compare the interest that should be paid after setting the loan, period, interest rate, repayment method through the loan interest calculator.