It's hard to say which is cost-effective. You need to compare it with your actual situation. As far as the total repayment amount is concerned, it must be a cost-effective provident fund loan, and it is much less.

The interest rate of provident fund loans is lower than that of commercial loans, but the premise is that your provident fund account must have at least a balance of 26,667, because the upper limit of provident fund loans is 15 times the balance of provident fund accounts. In addition, the down payment of 280,000 yuan and 6,543,800 yuan are different for you. How much impact will it have on daily living expenses or capital flow? The loan is to improve the quality of life. If the impact is huge, you have to pay less, but you don't have to lose.

Let's talk about commercial loans first. Although the down payment ratio has decreased, the loan period is too long. If the repayment is normal, it is estimated that the interest should exceed the principal. Losing hundreds of thousands for nothing is definitely not the result you want.

In fact, there is a way to kill two birds with one stone, and you can mix loans. In other words, some of them take provident fund loans and some take commercial loans. This can not only reduce the down payment ratio to a relatively favorable level, but also reduce the interest loss caused by commercial loans. I suggest you find a professional in this field or a formal real estate agent. I will work out the most reasonable loan scheme for you according to your own actual situation. It won't cost a few dollars, but it won't take a week to save money.