Now most people will choose to buy a house with a loan. However, some people will want to pay off their mortgage in advance after paying it off for a period of time. Is this ok? Today, Bian Xiao will answer your questions. Friends who want to know may wish to have a look with Bian Xiao!

1. Can I repay the commercial housing loan in one year?

After purchasing a commercial housing loan for one year, you can repay the remaining loan in one lump sum, but you need to pay a certain penalty.

Second, how to calculate the liquidated damages for prepayment?

1. Generally, the penalty for prepayment is several months' interest. Take the Bank of China as an example. The bank stipulates that if the repayment is made in advance within one year, the borrower shall be charged three months' interest as liquidated damages. If the repayment is made one to two years in advance, it will affect the borrower to charge two months' interest as liquidated damages; If repayment is made in advance within two to three years, one month's interest will be charged to the borrower as liquidated damages; In case of prepayment after three years, the mortgage contract shall prevail.

2. According to the percentage of prepayment amount, taking China Construction Bank as an example, if the bank stipulates prepayment within one year, it will charge the borrower 3% of prepayment amount as liquidated damages; In case of prepayment within one to two years, the borrower shall be charged a penalty of 2% of the prepayment amount; In case of prepayment within two to three years, the borrower shall be charged a penalty of 1% of the prepayment amount; If repayment is made in advance after three years, there is no need to pay liquidated damages.

3. Under the general circumstances of using provident fund loans, it is not recommended for buyers to repay in advance, which is very uneconomical.

Bian Xiao concluded: The above is what Bian Xiao shared for you: Can you borrow for one year to buy a commercial house, and how to calculate the liquidated damages for prepayment? I believe that everyone will have a corresponding understanding after reading the above sharing. For more information, please keep an eye on Qijia. Com website, Bian Xiao will answer them one by one.

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