Borrowing, which is now a popular form of lending, attracts a large number of users. In its use, however, many are struggling with the choice of which is the preferred one for both the “monthly equivalent” and the “first-in-first-in-time” repayments. To solve this problem, we need a multi-dimensional analysis。

Which of the two ways to repay

First, let us understand these two repayments. The “first-in-first-in-first-in-first-in-first-in-first-in-first-out interest, and then the principal in the last instalment, on the other hand, the “monthly equivalent” is the equal distribution of the monthly interest and principal payable, with the guarantee of a monthly equivalent interest。

LET US GIVE AN EXAMPLE: FOR EXAMPLE, YOU HAVE APPLIED FOR A LOAN OF $10,000 AT AN INTEREST RATE OF 0.041 TP3T PER DAY AND A PERIOD OF ONE YEAR. IF YOU CHOOSE A “FIRST-RATE AFTER-CAPITAL”, THE TOTAL AMOUNT YOU HAVE TO PAY FOR A YEAR WILL BE $11,492. BY COMPARISON, IF YOU CHOOSE THE “MONTHLY EQUIVALENT”, THE TOTAL REPAYMENT FOR ONE YEAR IS REDUCED TO $10,839.03. OBVIOUSLY, A “MONTHLY EQUIVALENT” WOULD REDUCE THE INTEREST YOU REPAY。

So if you want to borrow more and less interest, the “monthly equivalent” is a good option. But if there is a recent financial strain, it would be more appropriate to have a “first-in-first-in-first-out” capital。

At the same time, as the grace period for repayment has not been provided and the deferred repayment has not been supported as infrequently, it is requested that repayments be made on time and before the expected due date, avoiding additional costs. The borrowing date cannot be changed and is based on the date of your first borrowing. Users must arrange a reasonable borrowing cycle based on their economic situation and ability to repay. It is worth mentioning that 3/6/12 instalments are also available for repayment with or without support。

Finally, in the event of a genuine failure to pay on time, it is recommended to contact the customer service for the payment of the treasure, to explain your current difficulties and to submit an application for an extension of the repayment period and amortization。