Whether it is worthwhile to repay an equal amount of principal in advance needs to be considered in many aspects, such as loan interest rate, personal investment ability, and repayment progress.

1. Borrowers need to check the mortgage interest rate calculation method in their loan contract. If you use a provident fund loan, the annual interest rate is low, only about 4.5%. In this case, there is no need to rush to repay. If it is a commercial loan, the first home can enjoy a lower discounted interest rate when signing the contract in the early stage, and there is no need to repay in advance.

2. Whether to repay in advance needs to consider personal investment ability. If there are other better investment and financial management projects on hand, such as stocks, funds, bonds, financial management products, etc., and if the expected returns can cover the cost of the loan, the borrower can actually use the working capital for investment.

3. If you are in the early stage of repayment, it is more cost-effective to repay the loan early. At this time, the monthly interest payment is higher than the principal. If the equal principal repayment has been 1/3, or even half, it is not suitable to repay the loan before the repayment period is up. Because a large amount of interest has been repaid in the early stage of equal principal repayment, and most of the principal is repaid in the later stage. In this case, it no longer makes much sense to repay the loan before the repayment period is due.