The repayment method of provident fund loans is:

There are two repayment methods for personal housing provident fund loans: monthly equal principal and interest repayment method and monthly average principal repayment method.

The monthly equal principal and interest repayment method refers to the repayment method that the borrower repays the loan principal and interest unchanged every month, but the loan principal increases month by month and the loan interest decreases month by month.

The monthly average capital repayment method refers to the repayment method in which the borrower repays the principal regularly every month and the loan interest decreases month by month.

It should be noted that the personal loan of provident fund within one year should be repaid in one lump sum at maturity; Personal provident fund loans with a term of more than one year shall repay the loan principal and interest on a monthly basis.

Repay the loan in advance

Just apply to the bank one month in advance. The specific regulations or contracts signed by local banks may be slightly different. For example, some banks still need to pay a certain penalty for repaying loans in advance, while others don't. You can take a closer look at the provident fund loan contract you signed with the bank, what is the agreement of repaying the loan in advance (most people may not pay much attention to this when signing the contract), and whether there is any penalty for repaying the loan in advance. If not, there is no need to repay the loan in advance, and it may be necessary to sign a loan repayment contract with the bank separately. You can choose to shorten the loan time or.