Generally speaking, the loan deposit is a form of guarantee in the early stage of the loan, in order to ensure that the mortgage lender can repay the loan within the agreed time limit, so as long as the repayment obligation is fulfilled in accordance with the loan agreement, the deposit can be refunded.
Legal basis:
Article 587 of the Civil Code of People's Republic of China (PRC) * * * If the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the debt or the performance of the debt is not in conformity with the agreement, thus the purpose of the contract cannot be achieved, it has no right to request the return of the deposit; If the party receiving the deposit fails to perform the debt or the performance of the debt does not conform to the agreement, so that the purpose of the contract cannot be achieved, the deposit shall be returned twice.
Will the loan guarantee fee be refunded?
Generally speaking, the guarantee fee will be refunded after the loan is paid off. Loan guarantee refers to the legal act that the bank requires the borrower to provide guarantee to ensure the realization of loan creditor's rights when issuing loans. In terms of risk control of loans, banks are reluctant to put them on the Internet. An important reason is the high management cost of such loans. However, the benefits are not obvious. For this kind of loan, the guarantee institution can optimize the management process of the loan, form personalized service of post-loan management, share the management cost of the bank, and avoid the worries of the bank. People's Republic of China (PRC) Civil Code
Article 386 Where the debtor fails to perform the due debt or the parties agree to realize the security interest, the holder of the security interest shall have the priority to be compensated for the secured property according to law, except as otherwise provided by law.
Can the mortgage guarantee fee be refunded?
Under normal circumstances, the mortgage guarantee fee can be refunded, provided that the borrower repays the loan principal and interest on time. Generally speaking, when a borrower applies for a loan to buy a house, the lending institution will ask the borrower to pay a guarantee fee in order to avoid risks. If the borrower can repay the loan on time, he can ask for a refund of the guarantee fee after the loan is settled.