Recently, many banks including Ping An Bank, China Construction Bank Corporation, and Industrial Bank have successively launched the business of the "interest-first and principal-later" repayment method for housing loans. Generally speaking, the mainstream scheme for "interest-first" period is from 24 to 60 periods. Borrowers only need to repay interest during that period, and after the interest period, they need to repay the remaining loan in installments within the remaining loan term. Some banks said the move is to reduce the repayment pressure of housing loan customers, and they can pay as little as 1 yuan for principal each month. However, it was learned during the journalist's interviews that some banks have not yet implemented the "interest-first and principal-later" repayment business in some areas. A business manager of credit for a certain branch in Beijing of Ping An Bank told the journalist that the bank currently does not have the business of the "interest-first and principal-later" repayment method for housing loans. Other types of loans, such as mortgage operation loans, can be handled with the "interest-first and principal-later" mode. (Brokerage China)