For people, the house has always occupied a vital position, but buying a suite is not a small amount for most ordinary families, so the way of mortgage loan came into being. Since it is a mortgage loan, we should choose the repayment method. But many people know little about it, so the question is, how to choose the loan repayment method that suits you and how to repay the loan more economically?

At present, there are four repayment methods:

The first is fixed interest rate repayment (calculated by equal principal and interest method); The fixed interest rate standard varies from bank to bank. Its advantages are low interest rate risk and stable income. The biggest advantage is that interest rates do not change with prices or other factors. The disadvantage is that no matter how the bank interest rate changes, rises or falls, the borrower pays interest at a fixed rate, which will not change with the market, so it is often higher than the benchmark interest rate by a certain percentage point. The fixed interest rate repayment method is suitable for people with fixed income, professional investors or businessmen.

The second is the repayment of equal principal; The advantage is that the overall interest expense is low, and the monthly repayment amount will be reduced in the following time. The disadvantage is that the burden of early repayment is heavy, especially when repaying for the first time. Equal principal repayment is suitable for people with higher income, such as executives, gold collars and returnees.

The third is equal repayment of principal and interest; In the monthly repayment of equal principal and interest, the proportion of principal is increasing month by month, and the proportion of interest is decreasing month by month. Repay the mortgage by matching the principal and interest, and the borrower's monthly payment will remain unchanged. Due to the same amount of money each month, it is convenient for borrowers to arrange income and expenditure, but their overall interest expenses are more. This method is applicable to employees of state enterprises and institutions with stable working income.

Fourth, the provident fund is repaid free of charge; That is, set the minimum monthly repayment amount. As long as the monthly repayment amount is not lower than the set minimum repayment amount, some systems with more monthly repayment will be automatically classified as early repayment. Free repayment is a unique repayment method for provident fund loans. Compared with the traditional repayment of equal principal and interest or equal principal, the monthly repayment is free, flexible and convenient. The disadvantage is that the minimum repayment amount is usually lower than the normal monthly repayment amount, so the payment pressure of the final principal is greater. This method is suitable for those who meet the loan conditions and pay the provident fund.

Different repayment methods have different monthly repayment amounts and different interest rates. Bian Xiao of Laohekou Real Estate Network suggested that buyers should always pay attention to the loan products and loan methods introduced by banks that can save interest, learn more and compare more, and work out a loan plan that suits them.

(The above answers were published on 20 18-05- 18. Please refer to the current actual purchase policy. )

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