Hello, after choosing a second-hand house of your choice, if a home buyer cannot pay off the house in one lump sum, he or she will need to apply for a personal housing loan. After applying for a loan, it comes to the question of how to repay it.

Personal loans are classified according to product use, including personal housing loans, personal consumption loans, personal business loans, etc.; classified according to guarantee methods, including personal credit loans, personal pledge loans, personal mortgage loans, and personal guaranteed loans. wait.

Whether it is a commercial loan or a provident fund loan, the repayment methods of personal housing mortgage loans are generally divided into two types: equal principal and interest repayment and equal principal repayment.

Equal principal and interest repayment refers to repaying the same amount of loan every month during the repayment period, in which the principal increases month by month and the interest decreases month by month. Equal principal repayment means that within the repayment period, the same amount of principal is repaid every month, the interest decreases month by month, and the monthly repayment amount decreases month by month.

Different banks have different requirements, restrictions and regulations for early repayment. If you have a plan and the ability to repay early, you should pay attention to the content of the loan contract related to early repayment when taking a loan.

I hope my answer can help you!