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+20221October 23rd. In case of business changes, please refer to the actual situation. )
Is it troublesome to prepay CITIC Car Loan?
It's no trouble to return the car loan in advance, just expose it directly. The prepayment of CITIC Car Loan only needs to go through the formalities of prepayment. According to the bank's restrictions, customers who repay loans in advance need to submit a written application one week to one month in advance and agree on the repayment date.
Paying off the mortgage in advance is a big no-no.
20-year mortgage prepayment is a no-no, because prepayment needs to pay liquidated damages, so it is very uneconomical. Moreover, some banks have certain restrictions on the time and amount of prepayment and the number of repayments. Therefore, if you repay the loan in advance, there are many requirements and procedures, which is very troublesome.
Banks give different interest rate concessions to different borrowers in different periods.
A few years ago, property buyers could get 15%, 20% or even 30% preferential interest rates from banks, which was extremely favorable among bank loan interest rates. In this case, if the loan is repaid in advance, the interest rate concessions enjoyed will be gone.
In addition, the provident fund purchase policy contains certain benefits, and the loan interest rate in the same period is generally much lower than that of commercial banks.
If property buyers enjoy these two kinds of low interest rate concessions with considerable loans, then it is better not to repay in advance.
Is it troublesome to shorten the term and repay in advance?
It is not troublesome to repay part of the loan in advance and shorten the repayment period. You can apply to the bank on behalf of your ID card. The general bank will charge one month's interest on the repayment part as a penalty for early repayment.