Installment repayment is one of the repayment methods of personal housing commercial loans. If we choose the installment repayment method, then we can divide the loan into five stages and choose the principal to be repaid in each stage according to our actual situation. For example, people who just start a business can choose to pay less in the early stage and pay more in the later stage. It calculates the repayment amount at each stage according to the average capital or equal principal and interest. Generally speaking, we need to pay less interest.

2. Biweekly payment and repayment methods

Biweekly repayment method is to change the original mortgage repayment from once a month to once every two weeks. Although the repayment pressure has not changed every month, the repayment frequency has increased, which leads to the accelerated reduction of the principal, so the repayment interest can be saved. It is more suitable for people with stable income. Biweekly payment will be very troublesome for our capital arrangement, and the penalty interest will be higher.

3. Portfolio loan

When applying for portfolio loans, provident fund loans and commercial loans can be allocated reasonably. Maximize the use of provident fund loans to extend our loan life. Try to increase the monthly repayment amount of commercial loans and reduce the life of commercial loans. Because the interest on provident fund is low, the interest on commercial loans is high. This can save our repayment interest.