1, banks are allowed to repay loans in advance at different times. Most banks can apply for early repayment after one year of repayment, and some banks can repay loans in advance at any time. Pay attention to the repayment time of the loan bank when repaying the loan in advance;

2. The loan term of general mortgage is more than 65,438+00 years. During this period, it is inevitable for banks to adjust interest rates. If they are in the interest rate cut channel, it is obvious that the faster they adjust, the more cost-effective.

3. Whether the loan is repaid in advance or according to the contract, the mortgage registration must be cancelled after the loan is paid off.

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1. Why is it taboo to borrow money to repay in advance?

1. Loan prepayment may lead to loan closure or loan amount of 0, so it is taboo to be called loan prepayment.

2. The loan itself is a daily interest-bearing product. If the loan is repaid in advance, the interest that the loan can receive will be reduced. In this way, the borrower will think that the user has no strong demand for borrowing money, so as to recover the loan amount to the user.

3. Some users are not affected by early borrowing, which may be because users have better credit or choose to repay in advance in the future.

Second, the Bank of Communications loan prepayment method?

Procedures for Bank of Communications to repay the loan in advance:

1. Repayment in full in advance: after the loan bank verifies that the relevant materials are correct, it will go through the formalities of prepayment in full.

2. Early repayment with the same loan term: the loan bank instructs 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 go to the insurance company designated by the city center with the original insurance policy, your ID card and relevant agreements to reduce the insurance coverage, and the final agreement should be sent to the corresponding sub-center by the loan bank in time.

3. If the original loan guarantee method is mortgage+insurance and the mortgage registration has been completed, the borrower who chooses non-mortgage+insurance applies for partial repayment in advance and shortens the loan period: the loan bank instructs the borrower to fill in the relevant agreement, and the signed agreement is sent to the corresponding sub-center in time by the loan bank.

4. The original loan guarantee method was mortgage+insurance, which 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, and can go directly to the guarantee center for handling. Bank of Communications prepayment procedures: According to bank regulations, customers need to submit a written application one week to one month in advance to repay the loan in advance and agree on the repayment date.