First, pay off the mortgage in advance, and interest will not be paid later; In case of partial prepayment, the interest on the remaining loan will be recalculated, but the prepayment will require a prepayment penalty (or handling fee) of about 1%.
Second, do you need to pay a handling fee for prepayment? State-owned banks, such as ICBC, ICBC, China Construction and Li Jiao, charge no handling fee for prepayment, while ICBC charges 2-3 months' interest as handling fee, while other banks charge 1 month's interest. Among them, the Agricultural Bank of China charges one month's interest for the early repayment of loans within three years, and no fees will be charged after three years. Most joint-stock banks say they don't charge fees. However, Shanghai Pudong Development Bank said that if repayment is made two years in advance, a handling fee of 3% of the repayment amount will be charged, and no handling fee will be charged after two years.
Foreign banks generally charge differential fees according to the repayment period. For example, Citibank charges 2% of the repayment amount in advance after one year, and the fee is reduced to 1% after two years, and no handling fee is charged after three years; There is no handling fee for prepayment by HSBC after three years, at least 20,000 yuan after two years and at least 30,000 yuan after one year.
Third, the time of early repayment Most banks require at least one year to apply for early repayment, but some banks have indicated that they can apply for early repayment 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 China Merchants Bank, Bank of Communications, East Asia and other banks to apply for early repayment, while Huaxia Bank said that it can apply for repayment at any time. Generally, the amount of mortgage is large, if there is no special reason.
On what basis is the loan fee charged?
Bank loans do not charge loan fees, some financial institutions do, mainly channel maintenance fees, manual customer service needs to pay, and loan services are provided by themselves. You can also understand that although the loan pays interest, the interest is for the principal. So many employees of lending institutions have to be paid, so it is definitely important to charge extra service fees. Rn as long as the comprehensive interest rate of the loan does not exceed 36%, it is the legal interest rate. Within this interest rate range, users can choose not to apply. Rn For more information about loan fees, please visit: See More.
How to calculate the bank loan fee?
There are many kinds of loans, such as: first home loan, second-hand housing loan, provident fund loan, car loan, credit loan, mortgage loan and so on. Moreover, because each kind of loan faces different loan groups, uses, difficulties and risks, the cost of handling the corresponding loan is also very different (note that this is only the cost involved in applying for a loan). What are the costs of buying a car by loan? When applying for automobile mortgage in a bank, there is generally only interest cost. Auto financing companies generally do not charge interest fees for loans, but change their names: handling fees or management fees, which are higher than bank interest. If you buy a car by installment with a credit card, the installment fee paid is not cheaper than the previous two methods anyway. Second-hand housing loans involve costs. Second-hand housing loans generally involve intermediaries, and the fees are slightly higher. Mortgage fee (also called intermediary service fee) is generally 1%~2% of the loan amount. Because the second-hand housing loan needs real estate assessment, finding an appraisal company probably needs an appraisal fee of 1-3 (the lowest fee is 400 yuan). In addition, the second-hand house notarization fee is 1‰ of the loan amount, and the mortgage registration fee is about 100 yuan. Individual banks also collect stamp duty (less, 65438+ ten thousand 50 yuan) and insurance premium (about 0.5‰). The first home loan has three expenses at the loan level: bank interest, mortgage registration fee and notarization fee. The mortgage interest rate generally rises according to the benchmark loan interest rate, and some high-quality customers can enjoy the mortgage discount (see the bank's confirmation). Mortgage registration fees vary slightly from place to place, but most of them are between 80- 100 yuan. Commissioned notary fees are generally around 200 yuan. The cost of provident fund loans is similar to that of commercial loans, except that provident fund loans have an extra guarantee fee, and the loan interest rate is lower than that of commercial mortgages. Other types of loans involve expenses other than buying a house and a car. Other loans (credit loans, real estate mortgage, car mortgage, etc.). You can apply directly to the bank, and generally there is almost no other fee except interest. Small loan companies lend money similar to banks, but the interest rate is higher than banks. Because many times the qualifications of borrowers can't meet the requirements of banks, there is a lot of room to apply for bank loans directly. The products of small loan companies are mixed, and borrowers don't know much about them. Therefore, most people will go through the intermediary and customize the loan plan through the loan consultant.
How to calculate the loan interest rate?
The loan interest rate is usually what we often call the loan interest rate, which is stipulated by the People's Bank of China. The benchmark interest rate of commercial loans (20 19) is 4.35% within one year, 4.75% within one to five years, and 4.90% after five years. However, when banks apply for loans, they will float on the basis of the benchmark interest rate.
Users who apply for mortgage and pay provident fund can apply for provident fund loans (20 19). The benchmark interest rate of provident fund loans for five years or less stipulated by the People's Bank of China is 2.75%; The loan interest rate for more than 5 years is 3.25%. The local loan conditions must be met before the loan.
When applying for a loan, you need to be at least 18 years old and have full capacity for civil conduct. The borrower must submit the bank flow in the last six months, various valid identity documents and good personal credit information. These are the basic conditions for handling various loans. According to different loan types, the materials submitted by borrowers are different.
Users had better consult different banks before handling loans, then they can know the loan conditions and interest rates, and then choose the most suitable bank for loans according to their actual situation. Be sure to repay the loan on time after the loan, and don't overdue the repayment, otherwise the bank will ask the borrower to pay off the loan in advance.