1. Requirements for early repayment of loans

1. The borrower must repay the loan principal and interest on a regular basis for 6 months before he can propose to repay part of the loan or all of the loan in advance for the first time

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2. Lending institutions have strict loan management and have set a minimum limit for early repayment of part of the loan, which generally requires more than 10,000 yuan.

3. Borrowers generally need to repay a loan 10 days or more in advance. Notify the lending institution within 15 days, and submit a written application to the lending institution with the original loan contract, bank loan repayment card, monthly capital interest statement, personal ID card and other information, and must be reviewed and approved

< p>4. The borrower still needs to repay the original monthly loan principal and interest repayment in the current month, and at the same time, deposit the loan amount that needs to be repaid in advance into the bank savings card

2. Early loan repayment procedures< /p>

1. Full repayment in advance

After the loan bank has reviewed the relevant materials and they are correct, the procedures for full repayment in advance will be processed

2. Partial repayment in advance and the loan period is No change

The lending bank will guide the borrower to fill in the relevant agreement. If the original loan guarantee method is mortgage + insurance and the mortgage registration has not been completed, you need to bring the original policy, your ID card and the relevant agreement to the insurance company designated in the city center to go through the insurance reduction procedures. The final signed agreement should be submitted to the lending bank in a timely manner Submit to the corresponding branch center

3. Borrowers who choose mortgage + insurance as the original loan guarantee method and the mortgage registration has been completed, and borrowers who choose non-mortgage + insurance, apply for partial repayment in advance and shorten the loan period

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The lending bank guides the borrower to fill in the relevant agreement, and the signed agreement should be promptly sent to the corresponding sub-center by the lending bank

4. The original loan guarantee method of mortgage + insurance is still within the insurance period , and the mortgage registration has not been completed

The borrower can apply for partial repayment in advance and shorten the loan period directly to the guarantee center

Extended information:

Repay in advance Loan method

1. Full early repayment, that is, the customer will pay off the entire remaining loan at once (no interest is required, but the interest paid will not be refunded)

2. Partial repayment Repay in advance, the remaining loan will keep the monthly repayment amount unchanged, and the repayment period will be shortened (save more interest)

3. Partial repayment in advance, the remaining loan will be repaid in the same amount every month Reduce and keep the repayment period unchanged (reduce the monthly payment burden, but the degree of savings is lower than the second type)

4. Partial repayment in advance, the remaining loan will reduce the monthly repayment amount, and at the same time Shorten the repayment period (save more interest)

5. Keep the total principal of the remaining loan unchanged and only shorten the repayment period (increase the monthly payment and reduce some interest, but it is relatively uneconomical)< /p>

Baidu Encyclopedia - Early loan repayment

Baidu Encyclopedia - Early loan repayment