Repayment of bank cashing
The repayment method when using bank-based cashing differs depending on the cashing company. There may be some words and calculation methods that are a little confusing. But if you can’t return the money, you shouldn’t borrow it from the beginning. You should know the repayment procedure so that you can borrow it but cannot return it. At the very least, make sure you know how much and how many times you will pay when using bank-based cashing. Currently, the revolving repayment method called revolving payment is the main repayment method for bank-based cashing. It is a type that pays a fixed rate or a fixed amount, and you can use it comfortably because the repayment amount does not increase even if you borrow repeatedly, but do not forget to check the number of repayments. For bank-based cashing repayments, one of the revolving repayment methods is called the balance slide method. By combining revolving payment with slideability, the repayment amount is determined step by step according to the balance. The repayment date is determined first, but some types have to be repaid every 35 days and some have to be repaid every 30 days. This is a condition that you want to return at least this much, so you can return it on a day other than the repayment date. Loan interest rates are usually prorated. Bank cashing is no exception. If you want to keep the total amount of repayment low, one way is to repay it quickly.