Provident Fund loans are a more common form of housing finance, with the greatest advantage being low interest and diversified repayment. Of these, the most common methods of repayment are monthly and annual, but which is better? The analysis is presented below from several angles。

Provident Fund loan selection year or month

First, in the case of the lenders themselves. If the lender ' s income is lower and the monthly contribution is relatively small, the annual supply may place a burden on it. At this point, it is proposed to select a monthly contribution, which would ensure that monthly repayments are not excessive and reduce economic pressure. In the case of higher-income lenders, annual supply can be effective in avoiding frequent repayment pressures and in ensuring stability in the overall repayment amount。

Second, in terms of the lender's willingness to repay. If lenders are more self-conscious and have good financial management capacity, they can choose a year in which they can fully leverage and maximize the return on loans. However, if the lender is less willing to pay, the choice of months of supply may reduce the risk of its overdue payments and safeguard credit records。

Third, in terms of the period of repayment. If the repayment period is long and the year is more stable, the burden can be better shared and the amount spent is smaller, with annual decreases. However, if the repayment period is short, the months available can better avoid interest losses and the use of funds is more flexible。

Finally, an analysis of interest. Interest on Provident Fund loans is low, especially in relation to commercial loans. However, if a year is chosen for payment, the interest paid on each repayment may be higher than the monthly payment, as interest is calculated over a long period of time, resulting in more total interest. In the long run, however, the total annual interest payments are lower and the total costs lower。