About prepayment.
Prepayment is divided into partial prepayment and full prepayment. For partial prepayment, you can choose to reduce the monthly repayment amount or shorten the loan term. If you choose to reduce the monthly payment, the bank staff will explain it in detail when the customer applies for early repayment and calculate it according to the information provided by the customer.
1. Liquidated damages for prepayment of mortgage loans of China Merchants Bank: interest will be charged for not less than three months if the prepayment is less than one year, and not less than one month if the prepayment is over one year.
Two. Liquidated damages for prepayment of CCB mortgage loan: 3% of prepayment amount will be charged for prepayment less than one year. If the loan is repaid in advance for one to two years, 2% of the prepayment amount will be charged. The loan is repaid in advance for two to three years, and 1% of the prepayment amount is charged.
3. Default penalty for prepayment of mortgage loan of Agricultural Bank of China: If prepayment is less than one year, it will be charged according to the principal multiplied by the monthly interest rate, which is the loan interest rate divided by 12 months minus the repayment months. If the loan is repaid in advance after one year, as long as there is no record of prepayment before, no penalty will be charged. If the repayment has been made in advance, the applicant will not be fined when applying again one year later.
Four. Liquidated damages for prepayment of ICBC mortgage: If prepayment is less than one year, liquidated damages will be charged at 5% of prepayment amount. If the loan is repaid in advance after one year, no penalty will be charged.
5. Default penalty for prepayment of China Bank mortgage: If the prepayment of the loan is less than one year, a penalty interest of no more than six months will be charged (calculated according to the loan interest rate on the prepayment date). If the loan is repaid in advance after one year, no penalty will be charged.
Liquidated damages for prepayment of bank of communications mortgage: when prepayment of mortgage, the minimum amount of partial prepayment shall not be less than 6 times of the monthly repayment amount, and the maximum amount shall not exceed 35% of the monthly repayment amount. Some prepayments can be repaid once a year for free. All prepayments need to pay liquidated damages and charge 65438+ 0% of the current repayment amount. However, the specific repayment amount needs to be implemented in accordance with the contract.
Seven. Penalty for prepayment of Guangfa Bank: If prepayment is less than one year, two months' interest will be added as penalty. Repay the loan in advance after one year without any penalty.
Eight. Liquidated damages for early repayment of mortgage of China Everbright Bank: If the mortgage is repaid in advance for less than one year, 3%~6% interest will be charged as liquidated damages, which shall be implemented in accordance with the contract. Repay the loan in advance after one year without any penalty.
Nine, Shanghai Pudong Development Bank mortgage prepayment penalty: when prepayment, if prepayment is less than one year, 1 will be charged. 5% or 3% different interest, some do not charge liquidated damages, as stipulated in the contract. Repay the loan in advance after one year without any penalty.