For prepayment of mortgage loans, banks generally require an integer multiple of 5,000 yuan, or an integer multiple of 10000 yuan. Some banks also require a minimum repayment amount, such as a lot of 50,000 yuan, depending on the regulations of each bank. Most banks have three large repayment opportunities, that is, they can make three early repayments during the repayment period.

Early repayment method of mortgage loan

Prepayment is generally divided into two ways: full prepayment and partial prepayment.

1. Pay off the loan in one lump sum (pay off the loan in advance)

After the borrower borrows from the bank, he will pay off the remaining loan in one lump sum according to the condition that the bank repays the loan in advance, without paying interest after paying off. Generally speaking, he borrowed money from the bank and paid off the interest in a few days.

2. Only repay part of the principal and interest of the bank loan (partial repayment in advance)

The borrower only repaid part of the loan principal and interest. With this method of repaying the loan in advance, the interest of the loan amount is still executed according to the loan interest rate agreed in the original loan contract.

Requirements for early repayment of mortgage loans

1. The borrower can only propose to repay part or all of the loan in advance after 6 months of normal repayment of the loan principal and interest;

2. For serious loan management, the lending institution has set a minimum amount for the prepayment of some loans, which generally needs more than 6,543,800 yuan;

3. The general borrower needs to notify the lending institution to repay the loan in advance 65,438+00 days or 65,438+05 days in advance, and must submit a written application to the lending institution with the original loan contract, bank repayment savings card, monthly statement of fund repayment, my ID card and other materials, which is approved by the lender;

4. The borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount to be repaid in advance into the bank savings card.