Of course, there is no penalty for prepayment now.

Just pay in advance.

Second, can prepayment shorten life and monthly payment at the same time?

Early repayment can change the monthly payment and time at the same time, and can also change the term of mortgage loan. You can apply for early repayment after one year of repayment. Generally, the prepayment amount is an integer multiple of 1 10,000, and you can apply for changing the loan term at the same time. The time limit cannot be extended, but it can be shortened. Go to the bank to apply for prepayment, which is generally equal, which will shorten your loan period and increase your repayment frequency.

If the bank is allowed to shorten the repayment period, but the monthly payment amount remains unchanged, then the repayment period can be changed in advance. Moreover, some banks can only modify the monthly repayment amount and cannot shorten the mortgage period. Therefore, users should repay part of their mortgage in advance, and it is best to consult the bank in advance, which cannot meet their own needs, so paying part in advance can only reduce interest.

3. Lend 460,000 yuan to buy a house for 20 years and one month. After 1945, if I repay 200,000 yuan in advance, how many years will it take?

As we all know, after repaying some loans in advance, there are usually two repayment schemes. One is to keep the loan term unchanged, reduce the monthly payment basically unchanged, and shorten the loan term. So, how many years can early repayment be shortened? Let's figure it out together.

Repaying 200,000 yuan in advance can shorten several years.

How many years can I shorten by repaying the loan in advance by 200,000 yuan?

If you want to know how many years to shorten, you must know the year and repayment method before you can calculate the monthly payment.

For example:

Suppose the loan principal is 654.38+0 million, the loan term is 30 years, and the annual interest rate of the loan is 4. Then:

Total original interest = 965,438+00,600 yuan, original month.

Repay 200,000 yuan in advance after 5 years of normal repayment, and choose to keep the monthly payment basically unchanged and shorten the loan period, then:

The remaining unpaid principal = 9 1.7 million-200,000 = 7 1.75 million, and the remaining loan term is 25 years.

If the annual interest rate of the loan is still 4.9% and the repayment method is still the same principal and interest, then in order to make the monthly loan around 5307 yuan, you can get:

New mortgage = 5394.67 yuan, total new interest = 3 1.88 million, and the remaining loan period is only 16 years.

In other words, repaying the loan of 200,000 yuan can shorten 9 years (25 years-16 years) and save interest of 356,400 yuan (9 1.06 million-235,400 -3 1.88 million).

As long as the borrower's monthly repayment ability is sufficient, such as 6,000 yuan, 7,000 yuan or even higher, the repayment period of 200,000 yuan in advance can be shortened even more, provided that the loan bank can allow the loan period to be changed.

Generally speaking, housing provident fund loans are allowed to change the loan term. For example, the Changsha provident fund loan allows the borrower to apply for changing the loan term after the normal repayment 12, which can extend or shorten the original loan term. Please change 1 time.

The commercial individual housing loan, although part of the premise of repaying the loan in advance is to keep the monthly payment basically unchanged, may not be able to shorten the loan period on a large scale, and can only be subject to the loan contract or bank regulations.

Fourth, the bank loan has just come down, and the monthly payment is paid one month in advance. Is it okay?

Of course. Need to pay attention to the following points

1. It should be noted that the borrower can only deposit the repayment amount of the mortgage into the bank card bound for repayment a few days in advance, and the bank will automatically deduct the repayment amount until the repayment date.

Generally speaking, the mortgage is automatically deducted by the bank. As long as enough funds are deposited in the bank card bound for repayment before the specified time on the repayment date, the bank will automatically deduct the money.

3. After the loan is completed, the bank will give the repayment details of 1-2 years, with the repayment amount and repayment time of each period, and just put the funds into the bank card in advance.

What should I do if I need to repay in advance?

1 First of all, it is necessary to read clearly the provisions on prepayment in the signed loan contract, and pay special attention to whether a certain percentage of liquidated damages should be paid for prepayment.

2. Call the personal loan center of the loan bank for information about prepayment, contact the salesman or account manager who handles the loan, and ask whether prepayment can be handled and whether an appointment is required. It should be noted that some banks' departments for repaying loans in advance are not in the same place as bank branches, so you must ask clearly before leaving, and at the same time, you must also make clear the materials you need to carry for repaying loans in advance.

3. Appointment: In order to ensure the orderly business operation, most banks require customers to make an appointment in advance, and the time and process required by each branch are different. The way to make an appointment is to call or go directly to the prepayment execution department.

4. Fill in the prepayment application form and submit relevant documents. Documents generally include ID cards, loan contracts signed with banks, etc. The fifth step, the borrower deposits the advance payment, and the bank can deduct it from the loan principal, which can be completed in a short time.