In recent years, there has been a growing demand for personal loans, and fast-track, flexible and easy-to-manufacturing lending products have become popular. As one of the largest commercial banks in the domestic banking sector, the China Construction Bank (hereinafter referred to as “the Building Bank”) has introduced fast-track loan products, including fast-track loans。

Is the construction fast loan a one-off payment

The construction of fast-track loans as a personal consumer credit product is very popular. However, there was widespread doubt as to whether a one-time payment would be possible. From several angles, we can find information on the following。

First, fast-track lending is a short-term loan product, usually for a period of up to one year. According to the Bank ' s policy of construction, borrowers may choose the duration of the loan on the basis of their own needs, generally for three, six or 12 months. Short-term loans, on the other hand, are characterized by the need for one-time repayments and interest is usually repaid together with the maturity of the loan. Thus, from this point of view, the construction fast-track loan is a one-time repayment。

However, the flexibility of individual loan products also needs to be taken into account. Although the construction of a fast-track loan is essentially a one-time loan product, in practice different borrowers may have flexible repayment options. To the extent permitted by the construction policy, borrowers may pay in advance or in instalments. Advance repayments can ease the burden on borrowers while also reducing interest expenditure. The instalment would be adjusted on the basis of monthly repayment capacity. Thus, although the construction of a fast-track loan is a one-time repayment, there is some flexibility available in a given case。

In addition, the impact of personal credit status on loan products needs to be taken into account. For borrowers with good credit records and high credit ratings, construction may offer more favourable repayment terms. It also includes more flexible repayment modalities, such as instalments or preferential policies for early repayment. For such borrowers, even one-time repayment products remain relatively easy. However, if the individual ' s credit position is poor, the processing of applications for a fast-track loan may become more difficult, while the form of the payment may be relatively fixed, requiring a one-time repayment。