There are three repayment methods for housing provident fund loans:

1. Equal principal and interest means that the same amount of loan (including principal and interest) is repaid every month during the repayment period.

The second is the average capital, which means that during the repayment period, the total loan amount is divided into equal parts, and the same amount of principal and interest generated by the remaining loans in the month are repaid every month, so that the monthly repayment amount is fixed and the pressure is greater, but as time goes on, the monthly repayment amount is less and less.

Third, free repayment means that the loan provident fund management center gives a minimum repayment amount according to the borrower's loan amount and term, and the borrower can freely arrange the monthly repayment amount according to his own economic situation in the future.

The calculation formula of the minimum repayment amount is: the total loan amount × the minimum monthly repayment amount per 10,000 yuan corresponding to the loan term = the minimum monthly repayment amount of the borrower.

You can repay according to your actual economic situation. As long as you have money, you can pay back more every month, or you can pay back tens of thousands in advance at one time every year. The repayment of provident fund loans is still relatively free.

Second, how to borrow money to buy a house is the most cost-effective.

If it is a large loan, choose the one with lower interest rate when choosing, and don't ignore it like those. The biggest feature of China-Shenzhen loan is that the interest rate is well controlled, ranging from 5.88% to 8.88%, which is a good choice.

3. Which of the two loan methods is more cost-effective?

Average capital refers to a repayment method of loans. During the repayment period, the total amount of loans is divided into equal parts, and the same amount of principal and interest generated by the remaining loans of the month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is less and less, the borrower is under great pressure to repay at first, but as time goes on, the monthly repayment amount is less and less. Matching principal and interest refers to a repayment method of housing loans, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period, which is different from the average capital.

That is to add up the total principal and interest of the mortgage loan, and then distribute it evenly to each month of the repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. This method is the most common and recommended by most banks for a long time.

Determine the repayment ability according to your own income.

Fourth, how to buy a house is more cost-effective.

Buying a house is more cost-effective:

1, reduce the down payment

Every city has a minimum down payment requirement for buying a house with a loan. When buying a house, you can choose to pay the down payment according to the minimum down payment ratio.

2. Loan method

Different loan methods generate different interests, such as provident fund loans, commercial loans and portfolio loans. Although most people use commercial loans now, the interest rate of provident fund loans is lower than that of commercial loans, which can save loan costs.

3. Term of the loan

When making a loan, you should pay attention to the loan term. If you don't consider your own situation when choosing the loan term, the shorter the loan term, the lower the cost of buying a house with a loan.

4. Lending bank

Different lending banks have different requirements for housing loans, and the loan interest rates are also slightly different. Before going through the loan formalities, buyers can learn more about several loan banks. Different loan banks have different loan interest rates and different requirements for property buyers.