Of course. There are terms of prepayment in general loan contracts, so we should pay attention to whether there are liquidated damages.

Usually, the terms of commercial loans will stipulate the minimum repayment amount. You have to apply to the bank a few days in advance (usually 15 days), but the bank will only deduct your prepayment principal on the day of your monthly repayment. Early repayment usually means that the interest generated by the bank will not be returned to you, but the interest generated is equal to the interest you should pay.

Repayment procedures:

1. Submit a written application for prepayment to the loan bank in advance.

2. The borrower goes to the bank with his ID card and repayment card.

3. Fill in and submit the prepayment application form and deposit the prepayment amount in the counter. The repayment period can be determined according to individual circumstances, and the monthly repayment amount can be adjusted according to the repayment period.

Classification of bank loans:

1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;

2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;

3. According to the different purposes or objects of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans. ;

4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.

5. According to the loan scale, it can be divided into wholesale loans and retail loans;

6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.

2. Can a bank loan repay part of the principal in advance?

Of course.

According to the requirements of different banks, some can repay one month or one year in advance.

There are terms of prepayment in general loan contracts, so we should pay attention to whether there are liquidated damages.

Usually, the terms of commercial loans will stipulate the minimum repayment amount. You have to apply to the bank a few days in advance (usually 15 days), but the bank will only deduct your prepayment principal on the day of your monthly repayment.

Early repayment usually means that the interest generated by the bank will not be returned to you, but the interest generated by it is equal to the interest payable by you and will not charge you more.

Repayment procedure: 1. Submit a written application for prepayment to the loan bank in advance. 2. The borrower goes to the bank with his ID card and repayment card. 3. Fill in and submit the prepayment application form and deposit the prepayment amount in the counter. The repayment period can be determined according to individual circumstances, and the monthly repayment amount can be adjusted according to the repayment period.

3. Can the bank loan be repaid in advance?

Bank loans can be repaid in advance. When the user signs a loan contract, if the contract mentions that the user is allowed to repay in advance, then the user can run prepayment. If it is specifically indicated that users are not allowed to repay in advance, then unless there are extremely special circumstances, users can only repay on time as agreed.

In fact, the user's prepayment is a breach of contract. Generally speaking, you need to pay liquidated damages. However, if certain conditions are met before prepayment, sometimes there is no need to pay liquidated damages for prepayment.

4. What are the procedures for repaying part of the loan in advance?

The borrower can repay part or all of the loan in advance, but there are several aspects that need the borrower's attention:

1. If you repay the loan in part or in whole in advance, you need to make an appointment with the loan handling bank in advance. You can call the bank's customer service phone or the account manager's phone for consultation, fill in the relevant application form at the bank, and go through the formalities of prepayment after completing the necessary examination and approval procedures within the bank.

2. There is a certain time difference between the application time and the repayment time. Due to the large business volume, especially personal housing loans, there are more customers who apply for early repayment, while there are fewer bank account managers, and other work is complicated. Some banks require a written application one month before prepayment. Some borrowers want to sell their mortgaged properties as soon as possible and are eager to repay them as soon as possible. At this time, they need to explain more to the bank to win its understanding and support. In general, banks may spend time dealing with prepayment.

3. If part of the repayment is made in advance, the principal interest corresponding to the repayment part shall be settled. If the loan is fully paid off in advance, all the principal and interest of the loan shall be settled. So when you repay, you should prepare enough principal and interest.

4. There may be liquidated damages. In the loan contract, some banks agreed to charge a certain percentage of liquidated damages for early repayment. Under normal circumstances, banks will charge fees according to the contract, but individual banks are more flexible in the implementation process, and do not charge or pay less liquidated damages to some types of customers. Shenzhen Huishi Loan Financial Intelligent Service Platform was established on 20 15. It takes "customer first, honesty, dedication and responsibility" as the service principle of the enterprise, pioneering and innovating, forging ahead, grasping the strategic development opportunity of the new era, constantly innovating and upgrading the enterprise, and helping individuals and small and medium-sized enterprises with financial needs to match suitable financial institutions with practical actions.