Sometimes, we might ask ourselves: “I have completed the repayment of an interest-equivalent loan, can I re-finance it?” In fact, EQU loans are a very common form of lending, and you can use this little tool, whether you want to buy a car, buy a house or do other personal consumption. There are a lot of questions about it, and now we can explain it step by step. Zenium

What do you care if the loan is repaid after the loan

How does EPI work? In fact, it calculates the principal and interest that you need to repay each month on the basis of the funds themselves, interest rates, length of loan. In the course of the loan, at the same rate of interest, you are required to pay the same principal and interest per instalment. Once you have been able to repay the loan in full and on time, the loan is fully recoverable within the period of the loan. Zenium

We're done with the EQU loan, and then we're going to talk about the attention of the loan. Zenium

FIRST, YOU MUST HAVE SUFFICIENT DOWN PAYMENT, AT LEAST NOT BELOW THE TOTAL PRICE OF 301 TP3T, TO BE PAID FROM YOUR OWN FUNDS, TO BE UNABLE TO BORROW FROM OTHER SOURCES OR TO MAKE PAYMENTS ON CREDIT CARDS, AND TO KNOW THAT BANKS HAVE THE RIGHT TO SCRUTINIZE DOWN PAYMENT。

2 The picture selects the way in which the repayment is to be made, the repayment amount of the equivalent principal loan is to be equal, and the amount of the repayment is to be larger than the previous payment of the same principal, but gradually reduced over time. Equivalent principal loans are therefore suitable for clients whose income is more stable and cannot be invested in large amounts in the preceding period; Equivalent principal loans are suitable for clients with a certain economic base that can withstand the pressure of higher repayments in the preceding period。

Know your economic ability and do not cross borders. Zenium

4 ️⃣, CLEAR INTEREST RATES FOR LOANS. PROVIDENT FUND LOANS ARE BASED ON THE CENTRAL BANK ' S BENCHMARK RATE, WHILE COMMERCIAL LOANS ARE BASED ON LPR AS A PRICE-FIXING BASIS, AND WHEN COMPLETED THEY ARE BASED ON FUTURE LPR TRENDS, THEY ARE CHOSEN TO IMPLEMENT FLOATING LOAN INTEREST RATE POLICIES OR FIXED INTEREST RATES。

If you choose a Provident Fund loan, you have to guarantee that you have paid the Provident Fund for more than six consecutive months and that there are no outstanding Provident Fund loans in your name。