The prepayment of the New Ouka Accord can be 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. Bank loans can be repaid in advance, as long as an application for prepayment is submitted to the lending institution. However, in some cases, early repayment will require liquidated damages, depending on whether the loan bank has specific provisions in the contract. The common repayment methods of banks are divided into equal principal and interest repayment method and average capital repayment method. No matter which repayment method, paying off the bank loan in advance can save some interest.