Borrow 650 thousand, want to repay the loan in advance after five years. Please let us know whether it is cost-effective to choose 20 or 30 years, equal principal and interest or average capital cost-effective. 1, equal principal and interest repayment method, that is, the borrower repays the loan principal and interest in equal amount every month, in which the monthly loan interest is calculated according to the actual remaining loan principal and settled every month. Because the monthly repayment amount is equal, in the initial monthly repayment of the loan, after excluding the monthly settlement interest, the loan principal is less; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more.

2. The average capital repayment method, because the monthly repayment of the principal is fixed, the monthly loan interest decreases month by month with the decrease of the principal balance. Therefore, the average capital repayment method has a large monthly repayment amount in the initial stage of the loan, and then decreases month by month, and the early repayment pressure in average capital is greater.

3, the difference:

① The total amount of interest is different: for the same term and loan amount, the interest of equal principal and interest is much higher than the interest of average capital;

② Different repayment pressures: On average, there is a large amount of money to be repaid every month in the early stage of capital, but the amount to be repaid in the later stage is less and less, so the repayment pressure in the early stage is high and the repayment pressure in the later stage is low. Equal principal and interest every month, moderate pressure;

③ The cost of prepayment is different: the average capital pays more principal in the early stage, and the equal principal and interest pays more interest in the early stage. If prepayment is considered, the shorter the loan time, the more cost-effective the average capital will be than the equal principal and interest.

Tips: The above information is for reference only. You can choose according to the loan interest rate and your own situation.

Reply time: 202 1-08- 10. Please refer to the latest business changes announced by Ping An Bank in official website.

[I know Ping An Bank] Want to know more? Come and watch I Know Ping An Bank ~

/paim/iknow/index.html