Buying a house is the most cost-effective, because the repayment pressure is small, the interest is lower than that of trade loans, and the credit card installment interest is also low. But the time is short and the repayment pressure is great. For example, if you pay 1 10,000 in installments, it will be almost 1 10,000 every month, while the loan of 1 10,000 may only require you to repay 4000 every month. There is a big difference.

Second, prepay, just two years after the loan, is it cost-effective?

Whether it is cost-effective to repay the house with an early loan can be compared according to the following conditions: 1. Loan customers who enjoy provident fund loans and a 30% interest rate do not have to rush to repay. Because the current 5-year loan interest rate of 30% discount is lower than the 5-year deposit interest rate, it is more appropriate for customers to deposit their money in the bank than to repay the loan in advance. If such a customer repays the loan in advance and then borrows money to buy a house, the bank will implement the latest loan policy, and the benchmark interest rate will rise by 1. 1 times, and the borrower will lose more than it gains. 2. Matching principal and interest repayment for more than five years, and most of the prepayment is interest. If the loan is repaid in advance after five years, it can be said that the principal is more. Therefore, from the perspective of capital utilization, other investment channels can be considered, especially those whose annual rate of return exceeds the bank mortgage interest rate. 3. If the repayment period of equal principal exceeds one third, the second category that is not suitable for early repayment is the customers who use the average capital repayment method, and the repayment period has exceeded 1/3. In the average capital, the total loan amount is divided into half of the cost, and the repayment interest is calculated according to the remaining principal. With the increase of repayment time, the remaining principal decreases and the repayment interest becomes less and less. When the repayment period exceeds 1/3, in fact, the borrower has already paid half of the interest. If he chooses to repay the loan in advance, he will pay more principal and cannot effectively save interest expenses. 4. There are other financial projects in hand. If property buyers have other better investment and wealth management projects such as stocks, funds, bonds, wealth management products, etc. Or both buyers and sellers need liquidity. If the return on investment is higher than the loan interest rate, there is no need to choose to repay the loan in advance.

3. Is it cost-effective to prepay pure provident fund loans?

It is cost-effective to prepay provident fund loans. As long as it can save too much economic pressure, it has certain advantages. However, it should be noted that repaying the loan in advance will consume a lot of activity funds. If there is a suitable investment method, the priority of repaying loans in advance is actually not so high, because the interest rate of provident fund loans is very low, so low loans are obtained.

Procedures for prepayment 1. The borrower should first check the requirements for early repayment in the loan contract and pay attention to whether it is necessary to pay liquidated damages for early repayment;

2. Call the loan bank to inquire about the application time and required materials for prepayment;

3, according to the requirements of the loan bank to the relevant departments for early repayment;

4. The borrower carries relevant information to the loan bank for prepayment procedures;

5. Prepayment shall be deposited in the repayment account for bank deduction, or cash shall be directly brought to the loan bank for repayment.

Fourth, is it cost-effective to repay the loan in advance?

First of all, answer directly.

Mainly from the following aspects.

Second, the specific analysis

1, depending on the repayment time

Usually, if the repayment time has passed 2/3, even if the interest rate is lower, you don't need to repay in advance, because you have already paid so much interest, and you don't care about the remaining interest, because you can't save much money, because it is more worthwhile to repay in advance to reduce your quality of life.

Step 2 look at liquidity

Prepare to repay in advance after the loan, first look at how much liquidity is left after the repayment, and the suggestion is the living expenses for half a year.

Otherwise, if there is not enough funds after prepayment, and you need to borrow money in some unexpected situations, the interest rate will be higher than the current one, which is even more unreasonable, and you are not sure whether you can borrow it then.

3. Look at interest rate fluctuations

If the loan interest rate is floating, although the interest rate is very low now, it is recommended not to repay the loan in advance if the interest rate is still declining.

Because as long as you lower the interest rate, you will have to pay less interest, which is more reasonable than before, and will not increase your burden because of early repayment.

4. Look at the default rate

Early repayment is also a breach of contract, and most lending institutions will charge liquidated damages, which are generally about 3% of the remaining unpaid principal.

The borrower can calculate the remaining undistributed interest and liquidated damages separately. If the liquidated damages are higher than the interest, prepayment is not recommended.

If this kind of non-compliant online loan is overdue, it will not affect your personal credit status, but the online loan record will remain in the online loan big data. Search: inquire about your own online loan history, overdue details of online loans, debt situation, untrustworthy information and blacklist of online loans.

Third, how reasonable is it to repay the loan in advance?

As long as there is no need to pay liquidated damages, it is reasonable to repay the loan in advance.

The original intention of prepayment is to repay part of the loan principal in advance, thus saving the loan interest.

It is not cost-effective to pay liquidated damages when repaying in advance, and the paid liquidated damages offset the saved interest.

Therefore, users should pay attention to the time node of prepayment and try to avoid paying liquidated damages.