First, long-term loans can also be repaid in advance.
When using the provident fund to buy a house, you can choose the loan term independently. For most people, the longer the loan time, the better, and the one with the longest repayment time. If the loan time is short, it will be impossible to extend the loan time in the future, and the monthly repayment amount will be more. However, if you choose the one with the longest loan time, you can repay in advance. Although the loan time remains unchanged, the remaining loan amount after prepayment will be less and less, the monthly interest will be less and less, and the monthly repayment amount will be less and less until one day the rest can be paid off in one lump sum. The loan term is usually 30 years, but for most people, the repayment was completed 20 years ago.
Second, the monthly repayment pressure is small.
The same loan amount and different time lead to different monthly repayment amount and different total interest. Interest rates vary greatly, mainly because of inflation. Short-term loans are equivalent to returning money to the bank in advance, while long-term loans will have more interest after considering inflation. Less interest, short repayment time, more interest and long repayment time, no matter which one you choose, it will not cause money loss. It's just that the repayment pressure will be different. After a long time, the monthly repayment will be less, and the repayment pressure will be less.
Third, changes in long-term and short-term loans.
Different loan years will lead to different monthly repayment amounts. The shorter the time, the higher the repayment amount and the longer the time. Although it will reduce the monthly repayment amount, it will increase the overall interest, which is equivalent to helping banks cope with inflation. No matter which loan method the lender chooses, the bank will not suffer, but for an individual, whether it suffers depends on the appreciation of the house purchased by the loan.