The provident fund is repaid monthly.

In this way, you can make full use of the provident fund. It is already a second house, and it is impossible to use the provident fund loan again. If you deduct it year by year and pay it back in advance, the future provident fund will not be available until you retire. .

In addition to being able to withdraw the balance of the provident fund, with the introduction of new policies on the provident fund, applying for deductions from the provident fund can also appropriately reduce the loan interest expenditure and alleviate the repayment pressure. ?

Combined loans and provident fund loans can be deducted from the provident fund, and the balance can be used to repay the loan; the balance can not only repay the provident fund loan part, but also the commercial loan part of the combined loan, but the two can only be used to repay the provident fund loan part. You can choose one, but not at the same time; if you choose to deduct the provident fund part and the commercial loan part, you can only repay in cash. You can choose from entrusted deduction and loan repayment:

(1) Monthly deduction and loan repayment;

(2) Year-by-year deduction and loan repayment - lower monthly payment method; Year-by-year deduction and loan repayment Loan repayment-shorten term method.

The borrower and his spouse must choose the same method of entrusted deduction and loan repayment.

Extended information:

Since the monthly repayments are equal, in the initial monthly repayment of the loan, after deducting the monthly interest, the repayment amount is The principal of the loan is smaller; in the later stage of the loan, as the principal of the loan continues to decrease and the interest on the loan continues to decrease in the monthly repayment, the principal of the loan to be repaid each month is larger.

This repayment method actually takes up a larger amount of bank loans and takes up a longer period of time. At the same time, it also makes it easier for the borrower to reasonably arrange their monthly life and conduct financial management (such as renting a house, etc. ), it is undoubtedly the best choice for those who are proficient in investment and good at "making money with money"!

Baidu Encyclopedia-Equal principal and interest repayment