No need to pay. If you repay in advance within one year, you will be charged the principal × monthly interest rate. After one year of loan, no penalty will be charged.

If a borrower wants to repay the loan early, he must have repaid the loan for more than half a year, and some banks even require that the loan has been repaid for more than one year. Banks generally require borrowers to submit written or telephone applications 15 working days in advance. Banks must review and approve the borrower's application for early repayment, so it usually takes about a month.

Most banks no longer charge liquidated damages, and some of them charge liquidated damages for those who apply for early repayment within one year of the loan, and most of them calculate the liquidated damages based on the early repayment amount or interest. , the amount of liquidated damages is rarely calculated based on the principal amount.