The provident fund loan is 200,000 yuan, the term is 5 years, the monthly payment is about 3,620 yuan, and the total interest is about 1.74 million yuan; During the period of 10, the monthly payment is about 20 12 yuan, and the total interest is about 4 1500 yuan.

If the provident fund loan is only in the name of an individual, according to your family's monthly income of 8K, your monthly repayment can't exceed 3,600 yuan. Generally, the monthly loan amount does not exceed 40% of the monthly income.

A five-year loan model can only be adopted in the form of family repayment (only between husband and wife, children and parents).

If you can afford it, the pressure of life is not too great. Of course, short-term loans are more cost-effective.