We can have the following plans, for example, extending the loan to the longest term, and secondly, trying to get the highest loan amount, etc. Let’s learn more about it in detail below!

1. Try to borrow for the maximum period

For most people who buy a house, they adopt the "hybrid loan" (that is, commercial loan provident fund loan) model. However, the interest rate of commercial loans is generally much higher than that of provident fund loans, so many people repay the commercial loans first and then repay the provident fund loans, which can shorten the interest rate of commercial loans.

2. Try to get the maximum loan amount

Those couples who buy a house together will use ordinary provident fund loans. If two people are together, the balance of the provident fund account will double and the loan amount will be far greater. Much higher than the loan amount.

3. Offsetting the balance saves money

In fact, homebuyers who have a large balance in their provident fund account and have little pressure on the initial financial expenditure of the loan can offset it with all the balance in their provident fund account. Loan principal. In this way, the interest repayment amount will show a downward trend, saving a lot of interest in the future.

4. Reasonably sort and save interest

Due to different personal circumstances, each of us has different strategies when using provident fund loans. Those who purchase their first home can enjoy the preferential interest rate policy of provident fund loans in the order of provident fund loans before commercial loans. For home buyers who plan to buy a second home, they should first use a commercial loan to buy the first home, and then use a provident fund loan to buy the second home to save interest expenses.

The above are some money-saving plans, I hope they will be helpful to you!