Loan knowledge

Business lending should be focused on a few issues

  first-time buyers the choice of commercial bank: Select Agent fees, Attorney's fees, prepayment of insurance premiums, no penalty, and can provide a range of financial derivatives of commercial banks to operate, followed by loan term choices.
currently commercial loan interest rate has four a grade, respectively is 1 years within, 1-3 years, 3-5 years, 5 years above, purchase people should according to itself of income and the economic strength of reality, in not reduced currently living for principles for reasonable select; again is repayment way of select: currently purchase who most take matching principal and matching principal and interest two species way, if has ahead of loan plans of should select former, can less pay interest; if is working-class and the income relative not high of purchase who should select which, Lower monthly payment, leeway is larger and, lastly, other concerns, such as: interest rate adjustment option, select annual or monthly adjustment should be selected based on the trend in interest rates in the financial markets. For now, there are adjusted for year more favorable to buyers. In addition, buyers should pay special attention to your personal credit standing should the mortgage in a timely manner to avoid inadvertent adverse record be shut out from the Bank.

Financing business
Xiamen Yitong Loan Company

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