It depends. When Everbright Bank repays the mortgage in advance, if the loan is less than one year, it will charge liquidated damages, and the amount of liquidated damages will charge 3% to 6% interest; If you apply for prepayment after one year, you will not be charged any penalty.

If the borrower wants to repay the loan in advance, he should generally go through the examination and approval procedures at China Everbright Bank with his ID card and loan contract after applying by phone or in writing.

Why should I collect liquidated damages for repaying my mortgage in advance?

For the sake of commercial interests, banks do not support prepayment, so they will impose certain restrictions on the repayment amount and repayment times in the loan contract. From the point of view of the contract, the contract stipulates the repayment time, repayment amount and prepayment, which can also be regarded as a breach of contract, so it is necessary to pay a certain penalty.

The last reminder is that the housing loan repayment of China Everbright Bank is not an online application, so you need to contact the loan handling bank, which is subject to the latest regulations of the loan outlets.