You can apply for early repayment according to the conditions agreed in the contract, but you must submit a written application to the Bank of China Loan Bank in advance and get approval from the Bank of China. (The loan contract clearly stipulates the conditions to be met for early repayment and the number of days to apply for early repayment. To prepay, you must go through the prepayment procedures at the loan outlets. As prepayment requires approval, it is recommended that you apply to the handling outlets as soon as possible.
Generally speaking, for the mortgaged housing loan, when the loan principal and interest are paid off in full, you can apply to cancel the mortgage, and the bank will go through the formalities of canceling the mortgage. As the policies of mortgage registration agencies vary from place to place, it is recommended that you consult the handling outlets for details first.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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