Equated principal can be repaid in advance. It is cost-effective to repay equal principal in advance. If you want to pay off the loan with equal principal as soon as possible and reduce the pressure of later repayment, you can do it at any time. Pay off the loan. However, if you have capital turnover, you should try your best to repay according to the loan time. Mortgage or other equal principal payments are very advantageous.
The current central bank’s benchmark interest rate for loans of five years and above is 4.9%. If your loan interest rate is within 10% (5.39%) of the benchmark interest rate, early repayment is not recommended; 5.39% says Gao Yegao is neither too high nor too high. For an amount of 1.92 million yuan, it is almost close to 2 million yuan. There are many bank financial products with this starting point that are higher than 5.5% (the higher the starting point of bank financial management, the income The higher the rate, there are currently many financial products with a minimum purchase price of 50,000 yuan that can reach 5.5%, not to mention a minimum purchase price of 2 million yuan; even local banks have time deposits of 5.5%.
Generally. In fact, you can repay the loan in advance with equal principal and interest, but it is not advisable to repay the loan in advance in these three situations: when you signed the loan contract, you enjoyed the interest rate discount given by the bank, and you are currently in the process of interest rate reduction. . If the central bank does not cut interest rates during the year, even if the new interest rate is implemented on January 1 next year, the interest will only be lower than that of the previous period. The total loan amount is divided equally into the principal, and the repayment interest is calculated based on the remaining principal.
The later this repayment method comes, the less the remaining principal will be, and therefore the less interest will be generated. In this case, when the repayment period exceeds 1/3, the borrower has repaid nearly half of the interest, and more of the later repayment is the principal, and the level of interest has little impact on the repayment amount.