1. The borrower should first check the requirements for prepayment in the loan contract and pay attention to whether there is any penalty for prepayment;

2. Call the loan bank to inquire about the application time and required materials for prepayment;

3, according to the requirements of the loan bank to the relevant departments for early repayment;

4. The borrower carries relevant information to the loan bank for prepayment procedures;

5. Prepayment shall be deposited in the repayment account for bank deduction, or cash shall be directly brought to the loan bank for repayment.

2. Procedures to be handled after repaying the loan in advance

1. Release the mortgage of the house

Have complete property rights. The borrower should bring the real estate license, settlement certificate and other rights certificate mortgaged in the bank to the office of the District Housing Construction Committee to understand the mortgage situation. In this way, your own property can be completely your own property.

Property buyers can bring the property ownership certificate (original), the certificate of other rights (original), the party's identity certificate (original and photocopy 1), the mortgage registration cancellation certificate (original) issued by the mortgagee, the mortgage registration application form and other materials to the corresponding window of the Housing Authority for handling.

2. Go through the surrender procedures.

After the borrower repaid all the loans in advance, the original individual housing loan contract of Jiabao was also terminated in advance. According to the relevant regulations, the borrower can bring the original insurance policy and proof of paying off the loan in advance, and return the premium paid in advance to the insurance company on a monthly basis.

Paying off the loan in advance and returning the insurance premium must be based on whether the original house is an existing house or an auction house, the actual term of the insurance premium of the auction house (the insurance term of the auction house exceeding half a year is generally calculated by 1 year minus the loan term), the discount rate of the original one-time payment of insurance premium and the quick calculation coefficient.

The calculation formula is: paying off the loan in advance and returning the insurance premium = the present value of the insurance premium paid when returning in advance-the present value of the insurance premium occupied before returning in advance.

3. Go through the formalities of tax refund

When buying a commercial house, all the family members who can get tax refund should be written into the purchase contract as the property owners, and after signing the contract and paying the house price, they should apply for "deducting the personal income tax paid by the buyer" and obtain their "general tax payment book".

After repaying all the housing loans in advance, you can obtain the certificate of immovable property rights, and go to the tax department for tax refund within 6 months after handling the certificate of immovable property rights.