1. Should corporate loans in Bozhou, Anhui be repaid in advance?
Many enterprises want to repay the loan in advance, mainly to save interest. After all, the shorter the term of corporate loans, the less interest they need to repay. A loan of several thousand yuan and tens of thousands of yuan may not have any advantages, but the money saved by a loan of several hundred thousand yuan is not small. Coupled with early repayment, you don't need to always remember to repay, and you won't be overdue because you forget to repay.
Therefore, many banks are very supportive of enterprises to repay in advance, but borrowers need to apply for repayment in advance and get the consent of the bank before they can transfer the money into the repayment card. The bank will deduct the money from the repayment card to recover the loan, otherwise it will not apply for direct repayment, and the bank will still issue bills every month.
2. How about prepayment of enterprise loans in Bozhou, Anhui?
For lending institutions, prepayment by enterprises can make them recover their loans smoothly, without worrying about bad debts caused by enterprises' failure to repay loans. However, corporate loans have an agreement on the loan term, and early repayment is also a breach of contract, and enterprises may have to pay a certain price.
For example, although some lending institutions only calculate the prepayment interest until the repayment date, they need to pay a penalty, which is generally 3% of the remaining unpaid principal, depending on the loan term and amount.
Therefore, enterprises in Bozhou, Anhui Province have advantages and disadvantages in repaying loans in advance, which should be carefully considered.