There is a penalty interest for prepayment within 3 years, and there is no penalty interest for prepayment after 3 years.
The normal penalty interest is 3 months' interest. Or 3% of the remaining principal, please consult the bank for details.
2. Is it legal for ICBC not to allow offline prepayment?
Illegal. According to Article 346 of People's Republic of China (PRC) Contract Law, "the borrower shall not repay the loan in advance before the expiration of the loan period." Therefore, it is legal for ICBC not to allow offline prepayment.
3. Is ICBC not allowed to repay the loan in advance?
Starting from 5438+00 in June, 2022, ICBC's mobile App can't repay the mortgage in advance, because ICBC's app has no entrance for prepayment.
Because ICBC needs to call your loan branch to prepay, or I bring my valid ID card to the corresponding ICBC counter to prepay, this is not supported in mobile banking, because prepayment is not very cost-effective for banks, and ICBC certainly does not want customers to prepay. If you really need repayment, I suggest you contact the bank that needs repayment directly.
Four. What is the process of ICBC repaying the loan in advance?
Applicants can prepay by bringing repayment account, loan contract, ID card and other materials to ICBC outlets.
The specific process is as follows:
1. The applicant shall bring the repayment account, loan contract, ID card and other materials to ICBC Branch for handling.
2. You don't need to make an appointment in front of the office if you handle outlets in ICBC.
3. ICBC repays the loan in advance at most once a year.
4. Repayment in advance: ICBC stipulates that it must be more than 6 times the monthly payment. For example, if the applicant pays 2000 yuan a month and wants to repay the loan in advance, he has to pay back 2000 yuan ×6= 12000 yuan.
5. Whether there is liquidated damages for repaying the loan in advance depends on the agreement signed by the mortgagor and the bank. Give it if there is an agreement, and don't use it if there is no agreement.
6. Industrial and Commercial Bank Law. Pay in one lump sum; It is also a part, the monthly payment is unchanged and the repayment period is reduced; Still a part, the fixed number of years remains unchanged, and the monthly supply is reduced. The specific repayment situation of revocation judgment is hidden.