Peony cards are generally divided into three periods: three years, two years and one year. Among these three periods, three years is the most cost-effective. Because the three-year period is less stressful than the other two periods, the monthly repayment amount is lower, and it is also less than the total interest.

Specifically, taking 6,543,800 yuan as an example, the monthly repayment for three years is about 327 yuan and the total interest is 909 yuan; Choose a two-year monthly repayment of about 473 yuan, with a total interest of 542 yuan; Choose to repay about 9 13 yuan every month for one year, with a total interest of 276 yuan. It can be seen that in the case of three years, the monthly repayment is the lowest and the total interest is the least.

Of course, when choosing the installment period, you also need to make a reasonable choice according to your actual situation. If the repayment ability is strong, you can choose short-term installment to reduce the total interest expense. If the repayment ability is poor, you can choose a longer installment period to reduce the repayment pressure.

In addition to choosing the appropriate number of installments, you can also reduce the total interest expense by repaying in advance. When prepaying, pay attention to whether there is prepayment fee and prepayment period.

In short, choosing a suitable installment period and adopting a reasonable repayment strategy can make the peony card more cost-effective.