The minimum principal can be repaid by 1 yuan! Many banks have taken action, and the popularity of mortgage "interest first and then capital" has heated up

On June 13, recently, a number of banks, including Ping An Bank, China Construction Bank, and Industrial Bank, have successively launched the "interest first and then the cost" repayment business of housing loans. In summary, the mainstream plan of "interest first and then the cost" in the market is 24 to 60 "interest first" periods, and the lender only needs to repay the interest. After the interest repayment period, the remaining loan needs to be paid off on time within the remaining loan period. Some banks said that this move is to reduce the repayment pressure of mortgage customers, and the minimum monthly principal can be only 1 yuan. However, the reporter interviewed and learned that the "interest first and then the cost" repayment business of some banks has not yet been implemented in some areas. A credit account manager at a branch of Ping An Bank in Beijing told reporters that the bank does not currently have the business of "interest first and then capital" for mortgage loans, and other types of "balloon loans" such as mortgage business loans can handle the "interest first and then capital" model.