If you have a mortgage, you always feel stressed. Some property buyers always want to pay off their loans early, so can friends who use provident fund loans repay their loans in advance? Is it worthwhile to repay the provident fund in advance? In fact, there is no problem of collecting interest in advance or overcharge interest in the early repayment of housing provident fund. According to the principle of housing provident fund loan interest, the monthly repayment interest of loan workers = the remaining loan principal of the month × the monthly loan interest rate; Monthly repayment principal = monthly repayment amount-monthly repayment interest, which means that the monthly repayment interest of employees is calculated according to the remaining loan principal of the month. The advance payment of housing provident fund should be determined according to your own situation. If you don't have better investment channels and more spare money on hand, then we suggest that you repay in advance, because prepayment can really pay a lot less interest than the original loan plan, which is a good way to save money. However, if you repay the loan in advance, your liquidity will be significantly reduced. If you encounter good investment channels or other situations in urgent need of funds, you may be short of money. For example, we often meet such employees who will pay back all the loans in a hurry within a few years after buying a house. Therefore, it costs a lot of money to decorate the house. In order to decorate, you have to go to the bank to apply for a consumer loan. On the premise of the same loan amount, the interest expense of such loans is far greater than that of provident fund loans. In fact, provident fund loans should not be repaid in advance. First of all, is buying a house a one-time payment or a loan? There are two decisive factors: whether there is enough financial resources and the current loan interest rate level. If investors can pay all the house prices in one lump sum, risk-averse investors can choose to pay in one lump sum. This loan interest rate is not invincible compared with the income of current wealth management products. Investors with higher risk tolerance can consider using provident fund loans to manage their finances and earn the difference. However, whether to borrow money to buy a house needs to evaluate its own assets. First, it is necessary to comprehensively evaluate the existing economic strength of families, including deposits and realizable assets; Secondly, investors also need to make reasonable expectations for the future income and expenditure of the family. In addition, investors should also pay attention to their repayment ability and loanable amount, which is an important basis for determining loanable amount. Secondly, the optimal combination of loans. Actually, there are many kinds of loans. For ordinary investors, it is best to adopt two principles: first, the principle of optimizing portfolio loans, with as many provident fund loans as possible and as few commercial loans as possible. Because the interest rate of provident fund loans is far more favorable than that of commercial loans; Second, the principle of relaxing the down payment. The down payment can't run out of cash on hand, but also needs to be combined with personal affordability. Third, the repayment method. Generally speaking, at present, there are five repayment methods for individual housing loans: one is to repay the principal and interest in one lump sum at maturity, which is only applicable to loans with a term of less than one year and basically not suitable for mortgage; The second is the average principal repayment method, which has the highest repayment amount in the first month and then decreases month by month, which is suitable for stable investors; Third, the equal principal and interest repayment method is to divide the loan principal and interest into several equal parts according to the loan term, and the monthly repayment amount is the same, which is suitable for investors with insufficient funds and less initial pressure; Fourthly, the equal ratio incremental repayment method divides the repayment cycle into several time periods, and the monthly repayment amount of each time period is the same, but the repayment amount of the next time period is increased by a fixed proportion compared with the previous time period, which is suitable for investors with rising income; Fifth, the equal incremental repayment method. It is basically the same as the fourth method, except that the fixed proportion is changed to a fixed amount. Investors should mainly choose the repayment method according to their own financial income and expenditure relationship and the passage of time.

Legal objectivity:

For prepayment in cash, the borrower needs to go to the local loan management department with his ID card, IOU, loan contract, bank repayment card, real estate license or deed certificate. Users who borrowed money before Jun. 5438+Oct. 8, 2005/KLOC-0 and repaid in ICBC or CCB, please go to the Peace Management Department of the Provident Fund Management Center for repayment. Users who repay outside ICBC and CCB should go to Shenhe Management Department of Provident Fund Management Center for repayment. Users who borrowed money after June 5438+1October 8, 2005 can go to the management department for repayment. Shortening the repayment period must meet the following conditions: 1. The borrower must fulfill the repayment obligation for more than one year and obtain the consent of the management center. 2。 The borrower has a record of prepayment in that year. 3。 The borrower has no overdue record of more than 3 periods. 4。 After shortening the term, the new monthly repayment amount is less than or equal to 50% of the deposit base of the husband and wife provident fund. Requirements to be provided: 1, one original and one copy of the borrower's ID card. 2. Original loan contract and IOU. During the loan repayment period, the number of cash prepayment shall not exceed 5 times, and the prepayment principal shall not be less than 65,438+0,000 yuan. If the regular balance in the account in the provident fund is used to repay the loan in advance, and the regular balance is more than 5,000 yuan, both husband and wife need to go to the deposit management department of the unit to handle the loan repayment in advance with the original and photocopy of their ID cards, the loan contract and the "Application for Approval of Housing Provident Fund Withdrawal Loan" sealed by the unit.