First, it is a personal consumer loan product launched by the Transport Bank and is quite popular with consumers. Perhaps the most important concern for you is its interest, so let us look at it in detail。

What's the interest on the loan

INTEREST ON EX GRATIA LOANS IS CALCULATED ON A DAILY BASIS AND IS OFTEN BELOW 0.02%. FOR EXAMPLE, IF YOU BORROW $10,000 FROM THIS PRODUCT, THE INTEREST YOU PAY EACH DAY IS $2. OF COURSE, LIKE MANY OTHER LOAN PRODUCTS, THE LONGER THE BORROWING TIME, THE MORE INTEREST WILL NATURALLY BE SPENT. IN ADDITION, IT HAS TO BE MENTIONED THAT THE EDF ALSO PROVIDES OPTIONS FOR AMORTIZATION. YOU CAN CHOOSE 3 MONTHS, 6 MONTHS, 12 MONTHS OR EVEN 24 MONTHS. ASSUMING YOU CHOOSE TO BORROW $10,000 IN 12 INSTALMENTS, YOUR INTEREST IS 394,28 DOLLARS PER YEAR, OR $866.19 PER MONTH。

HOW CAN YOU, AS A BORROWER, USE THE AMOUNT PROVIDED BY THE BENEFICIAL LOAN? THERE ARE BASICALLY THREE APPROACHES. FIRST, YOU CAN USE THE TRANSPORT BANK'S SAVINGS CARD OR CREDIT CARD POS TO USE IT IN ANY BUSINESS THAT SUPPORTS IT, AND YOU CAN CHOOSE TO USE IT AS A FORM OF PAYMENT. SECOND, YOU CAN ALSO MAKE CASH WITHDRAWALS AT THE TRANSPORT BANK'S SELF-HELP FACILITIES OR COUNTERS, AND CHOOSE “FRIENDLY LOANS” AS A METHOD OF CASHING. FINALLY, THROUGH THE MOBILE BANK OF THE TRANSPORT BANK OR THROUGH SMALL-SCALE TRANSFER OPERATIONS, THE “FRIENDLY PEOPLE'S LOAN” IS CHOSEN AS THE METHOD OF TRANSFER, AND THE AMOUNT PROVIDED BY THE FULFILLABLE PEOPLE'S LOAN IS EQUALLY AVAILABLE. IT SHOULD BE NOTED THAT WHILE THE LATTER TWO METHODS ARE AVAILABLE ON TIME, THERE MAY BE A CERTAIN HANDLING CHARGE。

IN GENERAL, THE DAILY INTEREST RATE OF THE EPF IS 0.02%, AND A LOW INTEREST RATE CAN EASILY BE TRANSFERRED TO ITS OWN BANK ACCOUNT. HERE, HOWEVER, I WOULD LIKE TO REMIND ALL USERS WHO WISH TO TRANSFER THAT THEY MUST NOT FORGET TO FIX THE TIME AND AMOUNT OF REPAYMENT PRIOR TO THE TRANSFER。