1, the interest rate of provident fund loans is low: the interest rate of provident fund loans is usually low. If the funds in hand have a good return on investment, it may not be cost-effective to repay in advance.
2. liquidated damages: early repayment may require payment of liquidated damages, which will increase the repayment cost.
3. Liquidity of funds: prepayment will reduce the liquidity in hand, which may affect the future capital demand.
4. Repayment stage: If it is in the middle or late stage of repayment, it may not be cost-effective to repay in advance, because a large part of the interest has been paid off.
5. Financial investment: If there are better financial management or investment channels and the income is much higher than the interest rate of provident fund loans, you can consider not repaying in advance.
6. Future capital demand: If there are plans to use a lot of funds in the near future, such as car purchase, marriage, children's education or high-yield investment, early repayment may not be the best choice.
7. Conditions for prepayment: The repayment time is more than one year, there is no overdue repayment at present, prepayment is limited to one time within one year, and the prepayment amount is not less than 65,438+00,000 yuan and not less than 65,438+02 months of loan principal and interest.
8. No extra expenses: no handling fee or penalty for prepayment.
9. Appointment processing: you need to make an appointment with the provident fund center and bring your ID card to the local provident fund management center to apply for early repayment according to the agreed time.