1. Consult the bank: Before prepayment, the owner should consult the relevant bank staff to understand the repayment process, determine the repayment period and amount, and confirm whether the prepayment fee is required.
2. Liquidity preparation: to complete prepayment, you need to pay a certain amount of cash or electronic repayment, and you need to reserve liquidity in advance.
3. Apply for prepayment: Car owners can apply for prepayment at bank counters, mobile banking, online banking and other channels.
4. Verify the repayment amount: After receiving the application for prepayment, the bank will verify the repayment amount of the borrower to determine whether it is necessary to pay the prepayment fee, and show the borrower the mortgage cancellation certificate and other relevant certificates.
Second, what are the procedures for returning the car loan in advance?
Car loan prepayment process: 1. First of all, you should tell the lending institution that you have to repay the car loan in advance.
2. Prepare funds for early repayment of car loans, including funds for early repayment and liquidated damages.
3. Submit relevant materials and prepayment application to the lending institution.
4. Lending institutions can repay in advance after confirming that the materials are correct.
The procedures required to repay the car loan in advance are:
1. Apply for prepayment. Since the repayment period of most car loans is three years, if the owner repays in advance, he needs to make an appointment with the bank first instead of going directly to the bank counter on the same day. Most banks require half a month or a month in advance. You can call the loan bank first.
2. Pay liquidated damages. Generally speaking, it takes more than 6 months to prepay a car loan. For loans of half a year or less, most banks will charge a certain penalty. Specifically, the proportion of different banks is different.
3. The amount of advance payment. There is generally no limit on the number of times a bank repays in advance, and there are two repayment methods. The owner can choose to pay off all or part of the loan in one lump sum.
4. There are two ways of partial return. First, the loan term in the original contract remains unchanged, but the monthly repayment amount is reduced. One is to shorten the loan period and keep the monthly payment unchanged.
Borrowers also need to consider the cost of prepayment. Some banks require borrowers to pay a penalty of 1% of the prepayment amount within one year. If the borrower repays 500,000 yuan in advance, it needs to pay a penalty of up to 5,000 yuan. According to the current interest rate, it is equivalent to the interest of nearly three months in the 20-year repayment cycle, and the cost is quite high.
Financial planners suggest that borrowers should consult the loan acceptance bank before choosing to prepay, or learn about the relevant provisions of the bank on prepayment according to the relevant terms of the personal loan contract signed with the bank, and then decide whether to prepay after weighing the pros and cons.
3. What else do I need to prepare in advance for my car loan?
You can repay in advance. First of all, you need to submit a written application to the bank one week to one month in advance and agree on the repayment date. Then, according to the agreed date, bring your ID card and the loan contract signed with the bank to the bank to fill in the loan repayment application form and prepayment agreement, and deposit the money to be repaid into your account for withholding the loan principal and interest according to the requirements of the bank. ...
4. The housing mortgage loan of China Construction Bank is being released. Can I withdraw it?
Can be revoked! But the general bank staff will say that it cannot be revoked! You should contact the bank as soon as possible, and you'd better ask an acquaintance for help or find a convincing reason! After all, the people in the bank have been busy for so long!