How to repay a loan pledged by a certificate of deposit? What are the repayment methods for a loan pledged by a certificate of deposit?

Deposit certificate-pledged loans are favored by many borrowers because of their simple operation, low expected annualized interest rate and fast disbursement. Since it is a loan, you have to consider the issue of repayment. How should you repay a deposit certificate-pledged loan? What are the repayment methods for certificate of deposit pledged loans?

The bank has regulations for this kind of unsecured loan. If the loan period is within 1 year (inclusive), the repayment method is one-time payment of principal and interest; if the loan period exceeds 1 year, the repayment method can be adopted on a monthly basis. (Quarterly) repayment with interest, one-time repayment of principal, or repayment of equal principal and interest, equal monthly principal. When the borrower is unable to repay the principal and interest of the loan as scheduled in the loan contract, the bank has the right to dispose of the collateral to repay the principal and interest of the loan. In addition, if the loan pledged by the deposit certificate is not repaid, it will also affect the credit record. The consequences of bad credit are mainly reflected in the following aspects:

1. Restrictions on transportation: you cannot choose airplanes, trains, soft sleepers, or ships. People with bad credit in second-class or above classes will not be able to purchase travel and vacation products through Taobao, Tmall, Alipay, China Car Rental and other platforms, nor can they book air tickets. No matter where they go, they can only have hard seats, hard sleepers, or self-driving!

2. Restrict high consumption in hotels, hotels, nightclubs, golf courses and other places with stars or above

3. Restrict the payment of high premiums to purchase insurance and financial products and have a history of bad credit If you want to buy insurance financial products in the future, it may be difficult to pay high premiums.

4. Restrictions on online shopping of luxury goods. Some online payment platforms will prohibit people with bad credit from purchasing luxury goods online!