After the mortgage loan, you can repay it in advance. Generally speaking, mortgage or mortgage loan can be repaid in advance, and can be repaid in advance after one year without penalty interest. Usually, when the lender repays the loan in one year, he first applies to the bank for an appointment to repay the loan in advance. After the appointment was completed, he took the relevant information to the bank to make an early repayment. After the formalities are completed, the money paid in advance will be deposited in the repayment bank card, and the bank will deduct the money according to the contract.

Matters needing attention in applying for prepayment of mortgage loan

1. Make an appointment with the loan bank in advance.

Some users think they want to return it, but this is not the case. Because the mortgage amount is large, it needs to be approved by the bank first. Repayment can only be made in advance after the approval of the bank. Therefore, when you plan to repay in advance, you'd better make an appointment with the loan bank one week in advance.

2. liquidated damages

For early repayment, the bank will charge a certain fee, the most common one is liquidated damages. Different banks have different standards for collecting liquidated damages, so it is best for buyers to consult the loan bank first.

The amount of prepayment is limited.

For partial repayment in advance, it is not as much as the buyers want, but there are restrictions. Generally speaking, the minimum repayment amount is 6,543,800 yuan. Secondly, the repayment amount must be an integer multiple of 6,543,800 yuan.

4. Time required for advance payment.

Most banks have requirements on the time of prepayment. For example, they can only apply for early repayment after one year of repayment. Therefore, if the repayment time does not meet the requirements, they cannot apply for early repayment.

5. There are many requirements for prepayment of portfolio loans.

Many homebuyers have adopted a combination of loans to buy a house. They wanted to repay the business loan in advance, but they were rejected! The reason is that when the portfolio loan is repaid in advance, not only one of them can be repaid, but a certain proportion must be maintained.

6. Pay attention to interest rates

If we repay the mortgage in advance, we need to know the interest rate of the bank. For example, when the mortgage interest rate starts to fall, it will be uneconomical to repay in advance, so you will suffer a lot, because the falling interest rate offsets a lot of your previous pressure.