1. The general process of advance payment is as follows:

Step 1: First, check the requirements of prepayment in the loan contract, and pay attention to whether it is necessary to pay a certain penalty for prepayment.

Step 2: Call the loan bank to inquire about the application time of early repayment, reduce the repayment amount and other materials that need to be prepared.

Step 3: Submit the repayment application to the relevant departments in person according to the requirements of the bank.

Step 4: The borrower takes the relevant documents to the borrowing bank and goes through the relevant formalities of prepayment.

Step 5: Submit the prepayment application form and deposit the prepayment in the counter.

Second, owing on the loan in advance to collect liquidated damages.

Liquidated damages for early repayment are the terms agreed in the contract between the borrower and the lender. Once the borrower pays off all the loans or most of the principal in advance within the specified time, the borrower will pay the liquidated damages. Liquidated damages are generally calculated according to the percentage of the outstanding balance at the time of prepayment (generally 2% to 5%); Or agree on interest for several months. However, the maximum liquidated damages are subject to contract or law. The validity period of liquidated damages usually does not exceed 3 years (some are 5 years). After the validity period, the penalty rate will be cancelled, or gradually reduced, or only 1% of the balance. As long as the annual prepayment does not exceed 20% of the loan balance, there is no need to pay liquidated damages.

At present, there are generally two forms for commercial banks to collect liquidated damages for prepayment, one is calculated according to the percentage of unpaid balance during prepayment (generally 2% to 5%), and the other is interest for several months.

Legal basis:

General principles of loans

Article 32 Loan repayment: The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract. The lender shall issue a notice of repayment of principal and interest to the borrower before the short-term loan expires 1 week and the medium-and long-term loan expires 1 month; The borrower shall prepare funds in time and repay the principal and interest on time. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection. Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or cannot be executed, it should be urged to repay or repay according to law.

The borrower shall negotiate with the lender when repaying the loan in advance.

Measures for the administration of individual housing loans

Article 20 A mortgage contract shall take effect from the date of registration of the collateral and shall be terminated when the borrower pays off all the loan principal and interest. After the termination of the mortgage contract, the parties shall terminate the mortgage right according to the contract. Where real estate is mortgaged, when the mortgage right is lifted, the mortgage cancellation registration formalities shall be handled at the original registration department.

How can I borrow the loan if I repay it in advance?

Coordinate Guiyang, Honeycomb Loan Answer:

You can't reapply for a loan until the mortgage has been repaid for one year. However, the repayment method of the bank to the lender is not to pay off in advance, but to adopt a circular way.

If the borrower's mortgage has exceeded the affordable repayment period, then the bank will start to consider whether to apply for a loan again on the next repayment date.

If the borrower repays the mortgage for half a year or more, he can consider re-applying for the loan. If you apply for a loan after half a year of repayment, you must ask the bank to agree or the lending institution to wait for the mortgage approval. In this case, changes should be made when applying again. Because many people usually pay by mortgage, it is impossible. If not, they can only choose to change the loan method.

How to repay the bank loan in advance? A few tricks to teach you how to do this.

Buying a house by loan is the most suitable way for ordinary people to buy a house. As long as they repay the loan in time every month, they can live in peace of mind. However, the repayment period is generally longer. If we have enough funds in hand, can we repay the loan in advance? What should I pay attention to? Let's explain the related matters in detail below.

Is there any requirement for repayment time and amount in advance?

Early repayment does not mean that you can apply if you want. Some banks require repayment for one year before they can apply for early repayment, while others require half a year. Some also stipulate the repayment amount, such as 1 1,000 yuan, and some even require repayment times, which can only be paid once a year. Even provident fund loans with relatively simple repayment operations have similar provisions. Some people who need to repay the loan in one year can apply for early repayment, requiring the repayment amount to be not less than 6 months of housing provident fund loan principal and interest. Some even require loan principal and interest 1 year and annual repayment 1 time. In short, the bank may have requirements on the repayment time, repayment amount and repayment times of prepayment, so it is best to know clearly before buying a house.

Prepayment process:

Step 1: First, check the requirements of prepayment in the loan contract, and pay attention to whether it is necessary to pay a certain penalty for prepayment.

Step 2: Call the loan bank in advance to inquire about the application time and minimum repayment amount of the loan and other materials that need to be prepared.

Step 3: Submit the repayment application to the relevant departments in person according to the requirements of the bank.

Step 4: The borrower takes the relevant documents to the borrowing bank and goes through the relevant formalities of prepayment.

Step 5: Submit the prepayment application form and deposit the prepayment in the counter.

Prepayment:

So what kinds of prepayment methods do banks generally offer now? They can be roughly divided into the following four types:

First, please repay all the loans in advance, which is undoubtedly the best, so you can pay a lot less interest, but the interest paid is non-refundable.

Second, partial prepayment, the remaining monthly repayment amount remains unchanged, and the repayment period is shortened, which can reduce a lot of interest.

Third, part of the early repayment, the monthly remaining repayment amount is reduced, but the repayment period remains unchanged, which can reduce the monthly payment and relieve the pressure.

Fourth, partial prepayment, the remaining loan not only reduces the monthly repayment amount, but also shortens the repayment period and saves a lot of interest. Here is a reminder, as long as you think you can repay in advance within five years, it is best to use the average capital method, because the interest paid by the previous matching principal and interest method is too large and relatively uneconomical.

Precautions for prepayment of mortgage?

1. Allow banks to repay loans in advance at different times. Most banks require at least one year before they can apply for prepayment, but some banks say they can apply for prepayment at any time. Among the state-owned banks, BOC and CCB need to repay for one year before they can apply for early repayment, while ICBC needs to repay half a year in advance. In addition, it takes one year for banks such as China Merchants Bank and Bank of Communications to apply for prepayment, while Huaxia Bank said it can apply for repayment at any time.

2. The interest rate adjustment cycle of banks is different. The general mortgage term is over 65,438+00 years. In this cycle, it is inevitable for the central bank to adjust interest rates, and the time for banks to adjust interest rates is different. Banks in China, such as China Industrial and Commercial Bank, China Agricultural Bank and China Construction Bank, etc. Generally, from June 65438+1 October1every year, the new repayment interest will be adjusted according to the latest central bank benchmark interest rate. Foreign banks generally choose to adjust in the current month or quarter. Citibank will implement the new interest rate at the beginning of the next quarter and HSBC will implement the new interest rate on the same day. For mortgage owners, it is obviously more cost-effective to adjust as soon as possible if they are in the channel of interest rate reduction; If it is in the interest rate hike cycle, the later the adjustment, the more cost-effective.

Don't forget to cancel the mortgage registration after "repaying the mortgage". Regardless of whether the loan is repaid during the contract period or in advance, the public should not forget to cancel the mortgage registration after the loan repayment is completed.

How to repay the loan in advance?

Hello! The handling method of prepayment of personal housing mortgage loan of Agricultural Bank of China is as follows: When the borrower applies for prepayment of mortgage loan, he must submit a written application to the lender at least 30 days in advance and get the consent of the lender. As the actual situation varies from place to place, please contact the Lender's account manager for communication. The information to be carried in the prepayment of individual housing loan is the borrower's identity document, the individual housing loan guarantee contract and the original housing loan repayment card (discount), and an application shall be submitted to the original loan agency in advance according to the contract. Please consult your local loan bank for details. The collection standard of liquidated damages for prepayment is based on the loan contract signed by the customer and our bank. Please check the loan contract or contact the loan agency for verification.

(Answer time: 165438+2022 10/0/. In case of business changes, please refer to the actual situation. )

What kind of loan method can be used to repay the loan in advance?

The two most commonly used repayment methods for buying a house by loan are equal principal and interest repayment method and average capital repayment method.

1, the equal principal and interest repayment method is to add up the total principal and interest of the mortgage loan and then distribute it evenly to each month of the repayment period, and the repayment amount of each month is fixed.

However, the proportion of principal in monthly repayment increases month by month, and the proportion of interest decreases month by month. This method is the most common and recommended by most banks for a long time.

2. The so-called equal principal repayment means that the lender will allocate the principal to each month and pay off the interest from the previous trading day to the repayment date. Compared with the matching principal and interest, the total interest expense of this repayment method is lower.

The principal and interest paid in the early stage are more, and the repayment burden is decreasing month by month. Although this repayment method is very stressful in the early stage, it can alleviate the pressure in the future. Its characteristic is that with the passage of time, the less repayment, the easier it is.

Extended data:

Prepayment is generally divided into two ways: partial prepayment and full prepayment.

According to the different repayment methods, the borrower can choose to reduce the term or amount. It is understood that at present, most banks can provide five ways to repay loans in advance for customers to choose from.

First, all loans are repaid in advance, that is, customers pay off all remaining loans at one time. (There is no need to repay the interest, but it will not be refunded if it is paid)

Second, a part of the loan will be repaid in advance, and the monthly repayment amount of the remaining loan will remain unchanged, thus shortening the repayment cycle. (save more interest)

Third, repay some loans in advance, reduce the monthly repayment amount of the remaining loans, and keep the repayment period unchanged. (Reduce the monthly payment burden, but less than the second type)

Fourth, repay some loans in advance, reduce the monthly repayment amount of the remaining loans and shorten the repayment cycle. (save more interest)

Fifth, the remaining loans keep the total principal unchanged and only shorten the repayment period. (The monthly payment will increase and the interest will decrease, but it is relatively uneconomical.)