What Is a Flexible Loan?
definition:
Flexible credit
Right!
- Chinese name
- Flexible credit
- Nature
- Credit
- Features
- Flexible last month
- Advantages
- Reduce monthly monthly payment
- definition:
- Flexible credit includes down payment, equal monthly payments, and flexible final payments in the last month. The monthly payment is reduced by paying off the balance at one time, which accounts for about 25% of the loan amount.
- Features:
- Compared with the traditional equal repayment method, the monthly payment is lower, and the borrower can reasonably control the funds. There are various settlement methods for the final payment, and extension of repayment can be applied for.
- product description:
- Loan term: 2 to 48 months
- Down payment: 30% of the full car price
- Equal monthly payment period: 11 to 47 months
- Flexible balance (new): 25% of loan amount
- How to deal with the balance :
- 1. Settle the flexible balance in one go and obtain ownership of the car;
- 2. Apply for a second loan with a flexible balance of 12 to 48 months (the total loan term does not exceed 60 months); 3. Replace the new car with a used car with the assistance of a car dealer.