The loan settlement certificate issued by the bank shall go through the mortgage cancellation formalities at the local real estate trading center, and affix the loan settlement seal on the real estate license.
Judging from the current repayment situation, there are two main ways to settle loans: one is normal settlement; The second is to settle in advance. The former means that the borrower pays off the loan according to the contract; The latter means that the borrower pays off the loan in part or in one lump sum in advance. If the borrower wants to pay off the loan in advance, he must apply in advance in accordance with the regulations of the handling bank, and can only go through the formalities of prepayment after approval.
A simple understanding of a loan is to borrow money with interest.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans and interest subsidies? A general term for borrowing funds such as overdraft. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Refer to "Loan" from Baidu Encyclopedia.