The lender and the borrower shall clearly stipulate the repayment method and repayment plan in the loan contract, and authorize the lender to deduct the loan principal and interest from the account designated by the borrower on the agreed repayment date. If the loan term is within 1 year (including 1 year), the principal and interest of the loan can be repaid monthly or paid off in one lump sum at maturity. If the loan term exceeds 1 year, the borrower shall repay the loan principal and interest on a monthly basis from the second month after using the loan.
After the loan contract comes into effect, if the borrower has sufficient funds, he can apply to the lender for prepayment in part or in whole, and the lender can charge a certain proportion of the prepayment amount according to the contract.
Benefits of two-person housing loan
1. The loan amount for two people to jointly borrow to buy a house will increase. There are also many banks that require that the monthly repayment amount should not exceed half of the income of the loan staff when approving the house purchase loan. In other words, the income on the income certificate must be at least twice the monthly loan, so as to ensure the smooth progress of the examination and approval. For example, one of two people earns 8000 yuan a month, but the loan must be repaid 5000 yuan. The monthly income on the income certificate should be at least 65,438+0,000 yuan, but the total monthly income of both parties is 65,438+0,000 yuan, which is enough. It will be easier for two people to repay the loan.
If you can buy a house, you must use the provident fund loan first, but sometimes the house price is too high, and the amount of the provident fund loan is not enough to pay the house price. At this time, two people apply for provident fund housing loans together, which can expand the loan amount. At present, the interest rate of provident fund loans for more than five years is 3.25%, while the interest rate of commercial loans for more than five years is 4.9%. In addition, to repay the provident fund loan, the principal must be repaid first. In this way, the more provident fund loans you can borrow, the more money you can save.