First of all, the provident fund loan is the most suitable loan, and only 1 100 yuan needs to be repaid every month.

Second, is it cost-effective to buy a house in advance with a 20-year commercial loan (200,000 yuan)? It's been four years?

If you have investment channels, don't return them in advance. If you have money on hand and have no other financing channels, you can pay it back first, and it depends on whether your loan is average capital or equal principal and interest! The average capital is decreasing every year, and the less you get, as long as you pay back the principal in the last month. If the mortgage has been repaid for more than five years, it is not worthwhile to repay it in advance. Matching principal and interest is the same amount every month, mainly depending on the individual ~

Whether it is cost-effective to repay the loan in advance depends mainly on your needs and has a great relationship with the loan interest rate.

1. From the perspective of interests.

Suppose the loan 1 year * * * needs to repay the interest 1000 yuan. If you repay the loan six months in advance, you only need to repay 500 yuan interest, which is definitely cost-effective compared with the previous loan of 1000 yuan.

In other words, repaying the loan in advance will definitely reduce the total interest, which is equivalent to saving you a sum of money.

2. From the perspective of interest rate.

If you have 500,000 cash and 500,000 outstanding loans, then whether you choose to repay the loan in advance at this time will be calculated according to their interest rates.

Assuming that you can generate interest income from 500,000 to 30,000 through financial management, the loan only needs 20,000 interest expenses every year, so it is definitely not cost-effective to repay the loan in advance.

For example, the interest rate of provident fund loans is 3.25%, and now the yield of many wealth management products is above 4%, and some can even reach 5% on a regular basis, so there is no need to repay the loan in advance.

Of course, the premise of all this is that you can obtain stable and safe income through financial management without delaying the normal repayment plan.

3. What kind of repayment method is cost-effective if the house loan is 20w and the loan is 20 years?

The repayment method in average capital is cost-effective, and the total repayment amount of average capital is far less than the equal principal and interest. By comparing the average capital with the equal principal and interest, as shown in the following figure:

Average capital plus interest

Average capital:

4. What kind of repayment method is cost-effective if the house loan is 20w and the loan is 20 years?

Hello, the choice of repayment method depends on your actual situation. Different customers have different repayment methods. Compare the interest of the two repayment methods, equal repayment and average repayment, on the monthly payment and final repayment. The equal repayment method is to fix the monthly payment in advance under the condition of constant interest rate, which is convenient for you to remember. The repayment method in the average capital is to divide your loan principal into equal parts within the loan period, and the loan principal returned every month is the same. Because the monthly repayment interest is calculated according to the loan principal, the repayment method in the average capital requires the customer's repayment ability at first, and the initial repayment pressure will be greater, but the monthly payment will decrease month by month, and the repayment pressure will be relatively smaller and smaller. At the same time, under the condition of constant interest rate, the interest paid by equal repayment method will be higher than that paid by average capital repayment method.

If you have any other questions, I suggest you consult online customer service /cmu/icslogin.aspx? from = B& amp； Logincmu=0. Thank you for your attention and support!