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Will paying off the mortgage for ten years and five years in advance save interest expenses?
Loan prepayment generally requires repayment of the remaining principal, liquidated damages (whether it is charged according to the contract) and daily interest (interest from the previous repayment to the prepayment deduction date), and other remaining interests do not need to be repaid.

Different banks have different rules and requirements for loan prepayment. The specific terms shall be subject to the loan contract. Please consult your loan account manager or loan handling bank for details.

Warm reminder: The above information is for reference only.

Reply time: 2021-1-10. Please refer to the latest business changes announced by Ping An Bank in official website.