Buying a house by loan is the choice of most people now, not only because there is not enough money to pay the house price in full, but also because the house price can be paid by bank loans with lower interest rates. How to buy a house with a loan is more cost-effective Let's take a look with Bian Xiao.

1, provident fund loans are more cost-effective.

Now many developers refuse to use provident fund loans to buy houses, mainly because provident fund loans are slow and developers can't get the money back in time. In fact, if you want to borrow money to buy a house, choosing provident fund will be much more cost-effective than commercial loans. It can be said that it is the first choice for buying a house with a loan. The down payment ratio can reach 20%, and the highest interest rate is only 4.9%, which is very favorable. However, there is no maximum interest rate for commercial loans, and it is very likely that there will be a high interest rate of 7.05%.

2. Low down payment ratio is more cost-effective.

Generally speaking, the more money you have, the more initiative you have. When making a loan, if the down payment ratio is low, it means that you can borrow more money, which is very cost-effective for business people, especially those who choose provident fund loans. It is very cost-effective to use the provident fund to repay the monthly payment. But if the income is unstable, it is better to pay more down payment.

3. Equal principal repayment is good.

Among the repayment methods of equal principal, the first monthly payment is the highest, and then it decreases month by month. In this way, the principal is the same every month, and its interest has been decreasing. Generally speaking, it can offer a lot of discounts, and the pressure in the later stage is also small, which belongs to a way of suffering first and then sweet. However, if civil servants, teachers and other occupations are stable and there are many provident funds, it is also cost-effective to choose equal principal and interest.

4. It is more advantageous to borrow for a long time.

Many people feel that it is painful to repay the loan for a long time, but in fact, the longer the loan, the better, not only because of inflation and RMB depreciation, but also because more repayment months mean that more provident fund can be used to repay the loan, which can reduce a lot of expenses invisibly, which is very cost-effective.

Editor's summary: The above is an introduction about how to get a cost-effective loan for buying a house. Buying a house and choosing a provident fund loan will definitely be more cost-effective. Other repayment methods and loan life should be selected according to your own situation. I hope what Bian Xiao shared can give you some reference.