The procedures for prepayment are as follows: 1. According to bank regulations, customers need to submit a written application one week to one month in advance to agree on the repayment date; 2. Then, according to the agreed date, bring your ID card and the loan contract signed with the bank to the bank to fill in the loan repayment application form and prepayment agreement, and deposit the money to be repaid into your account for withholding the loan principal and interest according to the requirements of the bank; 3. The bank will automatically deduct the money; There is no limit to the number of times each bank repays the loan in advance. It can pay off all or part of the loan. Some lenders who repay the loan in advance can choose two ways: 6. Reduce the monthly repayment amount and keep the repayment period unchanged; 7. Shorten the repayment period and keep the monthly repayment amount unchanged; 8. Once the prepayment application form is confirmed by the borrower's bank, it is irrevocable. As a supplementary clause of the loan contract, it has the same legal effect as the loan contract. Legal basis: Article 675 of the Civil Code of People's Republic of China (PRC) stipulates that the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time. Article 677 Where the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period.

legal ground

Article 510 of the Civil Code of People's Republic of China (PRC), after the remedial measures contract comes into effect, the parties have not agreed or clearly agreed on the quality, price or remuneration, place of performance, etc. They can supplement the agreement; If a supplementary agreement cannot be reached, it shall be determined in accordance with the relevant provisions of the contract or trading habits.

Article 675 of the Civil Code of People's Republic of China (PRC), the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

Article 677 of the Civil Code of People's Republic of China (PRC) If the borrower repays the loan in advance, the interest shall be calculated according to the actual loan period, unless otherwise agreed by the parties.