Get a bank loan and pay off the principal and interest in installments according to the contract. After the loan is paid off, the bank returns the collateral. Mortgage means that the mortgagor transfers the property right to mortgage. The beneficiary acts as a guarantee for repayment. After paying off the loan, the beneficiary immediately transfers the property rights involved to the mortgagor, who enjoys the right to use in this process.
If your provident fund loan amount is zero, it means that you will not apply for a provident fund loan. Using housing provident fund loans not only saves money than using commercial housing loans, but also has many advantages such as long loan life and flexible repayment. Moreover, housing provident fund loans can be repaid in advance after half a year of normal repayment. You can repay in part or in whole in advance, and there is no penalty for prepayment.
The prepayment policy of provident fund loans is loose, and it is not limited by time, amount and times. The borrower can repay the loan in advance at any time without charging the borrower any fees, while commercial loans generally charge a certain penalty.