(1) If the loan term is within 1 year (inclusive), you can choose to repay the principal and interest on a monthly/quarterly basis or on a monthly/quarterly basis.
(2) If the loan term is more than 1 year and less than 3 years (inclusive), the repayment methods of monthly/quarterly interest payment and monthly/quarterly/semi-annual principal repayment shall be selected, and the repayment methods of monthly/quarterly interest payment, maturity principal repayment or lump-sum principal repayment shall not be adopted.
(3) If the loan term is more than 3 years, the repayment method of monthly principal and interest must be adopted.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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