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Is the average capital prepaid provident fund cost-effective?
High cost performance. Repayment of provident fund in advance with average capital can reduce interest expenses during the loan period, because part of the principal is paid off in advance, thus reducing the total principal. This can reduce the total interest expense and reduce the repayment burden. Provident fund refers to a social security fund paid by the state and individuals to provide financial support for employees' retirement and house purchase.