It's true. If Ping An Bank normally charges interest on car loans, it can reduce the interest if it repays in advance, because the principal to be repaid after prepayment will be reduced, and then the interest on car loans will be calculated from the remaining principal to be repaid, while car loans are interest-free, so users can reduce the interest if they repay in advance. Ping An Bank Co., Ltd. is a cross-regional joint-stock commercial bank controlled by China Ping An Insurance (Group) Co., Ltd., headquartered in Shenzhen, Guangdong Province.