Recently, multiple banks including Ping An Bank, China Construction Bank Corporation, and Industrial Bank have successively launched “interest-first, principal-later” repayment services for mortgage loans. In summary, the mainstream “interest-first” period is from 24 to 60 periods, where the borrower only needs to repay the interest. After the interest period, the remaining loan should be repaid on time within the remaining loan period. Some banks indicated that this move is to alleviate repayment pressure for mortgage customers, and can choose to only repay a minimum of 1 yuan principal per month.
最低可还1元本金！多家银行出手，房贷"先息后本"热度升温
As low as 1 yuan can be repaid in principal! Multiple banks have stepped in, and the popularity of “interest-first and principal-later” mortgages is increasing.
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