How about provident fund loan financing?

is it safe?

Mr. Zhou, a citizen, has an income of 100,000 yuan. Because the mortgage he took out many years ago has not been paid off, he is considering whether to use this money to pay off the mortgage.

In fact, many citizens will encounter this question: Should they pay off their mortgage or invest when they have money?

Can I earn back the expected annual interest rate on my mortgage through financial management?

How about provident fund loan financing?

is it safe?

1. You can consider investing in provident fund loans first. "There is a big difference between commercial loans and provident fund loans, especially in terms of one-time repayment in the later period. If you use provident fund loans, because the expected annualized interest rate is low, you don't need to consider early repayment."

The funds in hand can be used for investment and financial management, so that the expected annualized return can easily exceed the expected annualized interest rate of the mortgage loan. "Liu Hongtao, a wealth consultant at the Changchun Private Banking Department of Agricultural Bank of China, said that citizens' decision to repay the loan in advance or invest in financial management depends on the investment.

Whether the expected annualized return is higher than the expected annualized interest rate of the loan.

For example, the benchmark expected annualized interest rate of provident fund loans is and the annual expected annualized interest rate of bank's one-year financial products can basically reach more than 5%. Therefore, in this case, as long as you choose to purchase financial products, you can get more expected annualized returns.

.

Taking Mr. Zhou's 100,000 yuan as an example, he can get at least 500 yuan more every year by investing in financial products.

According to reports, if citizens use commercial loans to purchase houses, they will have to bear an expected annualized interest rate of more than 2%.

For example, the benchmark expected annual interest rate for commercial loans over five years is 6.55%, which is 2.05% different from provident fund loans.

2. Commercial loans require reasonable planning. Bankers said that if it is a commercial loan, several factors need to be considered to decide whether to repay in advance.

First, what kind of investments can idle funds be used for?

If it is used for operating investment, or investment in products with high expected annualized expected returns such as trusts, there is no need to consider early repayment at all.

Because the utilization efficiency of funds and the expected annualized expected return of such investment types are significantly higher than those of home loans.

If this idle funds cannot be invested in products with high expected annualized expected returns, citizens need to make reasonable planning and comparisons.

Professionals recommend purchasing a certain proportion of bank financial products with higher expected annualized returns and calculating the gap between the expected annualized returns of financial management and the expected annualized returns of commercial loans.

For example, if Mr. Zhou's base expected annualized interest rate when taking out a loan that year is 20% off and he enjoys a 20% discount on the expected annualized interest rate, and the actual expected annualized interest rate of the loan is , then he will not be able to fully earn back the expected annualized interest rate on his mortgage by investing in financial products.

This requires allocating a certain proportion of high-risk investment varieties, such as stocks, funds, etc.

With reasonable operation and continuous holding, this type of investment can achieve higher expected annualized expected returns, so that the total expected annualized expected return on investment exceeds that of mortgage loans.

At the same time, professionals remind that working-class families must invest in high-risk areas under the condition of family financial security, that is, the family's liquidity should be more than 6 times the monthly income. This fund can be savings or funds.

Fixed investment, in addition, also requires the allocation of education, critical illness and other insurance.

How can I get more provident fund loans?

What are the reliable investment and financial management platforms?

How can I get more provident fund loans?

1. Never change jobs so that the Provident Fund can continue to be deposited for a long time. The longer the deposit period, the greater the Provident Fund loan limit.

For example, the Beijing Provident Fund can increase its loan limit by RMB 100,000 for every year of normal deposits.

2. Do not borrow provident fund. This can make the provident fund balance larger and larger. If multiplied by a fixed calculation index, the maximum provident fund loan amount can be calculated.

For example, in Changsha Provident Fund, the loan amount = (the balance of the other half of the provident fund balance of the borrower) n times.

3. Work carefully to improve the review of the income provident fund loan limit. It is subject to the borrower's salary income limit and cannot exceed the borrower's repayment ability.

For example, the Beijing Provident Fund, in addition to the borrower's minimum living expenses, the average monthly repayment amount calculated according to the equal principal and interest repayment method cannot exceed 60% of the applicant's monthly income. Therefore, the greater the income, the more loan points can be obtained.

4. Reduce other debts under the account. The greater the income, the higher the loan repayment. On the other hand, the lower the fixed income debt, the larger the loan limit.

For example, the Changsha Provident Fund requires that the total of other debts under the borrower's household must not exceed 50% of the family's monthly salary income. Therefore, applying for a provident fund loan can pay off other debts under the household as much as possible, which can help to get more loans.

What are the reliable investment and financial management platforms?

There are still many financial management websites at this stage, and many friends are dazzled by them and don’t know how to choose. In fact, when choosing a financial management service platform, you must choose one that is reliable, well-known, and reliable.

Better yet, reliable platforms for financial management are Yu'e Bao, Lingqiantong, JD Finance, Tencent Official Wealth Management, Du Xiaoman Financial Management, financial institutions, insurance, securities platforms, Tiantian Fund Network, Deposit Pass, etc. These are all

It is a very formal service platform.