It is appropriate to repay the mortgage in advance after three years. First of all, most banks will not charge liquidated damages for early repayment after three years of repayment. Secondly, the interest that has just been repaid for three years is not too much, and you can save a lot of interest if you want to advance it. It should be noted that if you want to repay the mortgage in advance, you must consult the loan bank in advance and make an appointment in advance.

What are the procedures for prepayment of mortgage?

1. The borrower should first check the requirements for prepayment in the loan contract and pay attention to whether there is any penalty for prepayment;

2. Call the loan bank to inquire about the application time and required materials for prepayment;

3, according to the requirements of the loan bank to the relevant departments for early repayment;

4. The borrower carries relevant information to the loan bank for prepayment procedures;

5. Prepayment shall be deposited in the repayment account for bank deduction, or cash shall be directly brought to the loan bank for repayment.

What are the precautions for prepayment of mortgage?

1. Find out if you are suitable for prepayment. If there are other better investments, there is no need to repay in advance, because after all, the interest rate of housing loans is not high and the loan period is relatively long. If you borrow money when you need it again after returning it, you may not have such good conditions and opportunities.

2. If you want to repay the loan in advance, you should choose the repayment method in the average capital. The repayment method in "Average Capital" is that the principal of each loan is fixed, but because it takes up more funds, the interest at the beginning is larger and the interest paid later is smaller. The advantage is that the total interest is low, and the disadvantage is that the repayment pressure in the early stage of the loan is great. You can use this method if you don't have much pressure on money or your income is relatively stable and large.

If you want to repay the loan in advance, it is not appropriate to repay the loan with equal principal and interest. Because the matching principal and interest repayment method repays more loan interest in the early stage of the loan, and the remaining loan principal is also more. If you repay the loan in advance, you will repay the principal you have not repaid in advance, which means that the interest cost of the loan you have repaid in advance is higher, and you are not worthwhile.

After three years of mortgage, all major banks support prepayment, but whether prepayment is cost-effective depends on the actual situation:

1. The mortgage loan interest rate is lower than the loan in the market. If personal funds are not sufficient, it is not appropriate to repay in advance;

2. People who use average capital as repayment method are more suitable for early repayment than equal principal and interest repayment method;

3. If you repay the mortgage in advance after three years, you may have to pay liquidated damages. Different banks have different regulations, and the general penalty is 1% in advance.

Is it worthwhile for the average capital to pay off the loan three years in advance?

It is more cost-effective to repay the mortgage in advance by equal principal and interest repayment method.

Because if you pay off in advance, the interest will only be calculated to the payment date; If partial repayment is made in advance, the subsequent interest will not be calculated according to the total loan amount, but will be recalculated according to the remaining outstanding loans. Therefore, prepayment can reduce certain interest. If the interest is less, the repayment burden of customers will naturally decrease accordingly.

After partial repayment in advance, customers can also choose to reduce the monthly payment or shorten the repayment period according to their repayment ability. Reducing monthly supply can reduce the pressure of monthly supply; Shortening the term can settle the debt earlier.

It should be noted that the earlier you choose to prepay, the more interest you can reduce. Of course, if the bank has a limit on the time of prepayment, and the customer prepays before the specified time, even if the interest is reduced, the customer still needs to pay a certain penalty. In this regard, customers are advised to wait for a specified time (mostly one year) before operating prepayment.

Make a repayment.

First, if you have the need or possibility to repay in advance, then you must use the repayment method of average capital when lending. Although the repayment pressure in front of the average capital is great, you will suffer less if you repay in advance.

Secondly, if you really want to repay in advance and have a lot of money in the economy, you can apply to the bank to use the repayment method in the average capital. In this way, the average capital can be used for early repayment, but only if the bank agrees to change the repayment method.

In fact, the difference between equal principal and interest and average capital is obvious. But the bank won't tell you that. The general bank will recommend the repayment method of equal principal and interest to you, so if you insist on using the repayment method of average capital to repay in advance, you can apply.

The loan can be repaid three years in advance.

You can repay in advance.

1. If the loan needs to be repaid in advance, you can apply for prepayment after six months of normal repayment according to the regulations, and some banks need more than 1 year to apply. People's income is gradually improving, and personal repayment ability is also improving. More and more people choose to repay in advance, or they can pay less loan interest.

2. liquidated damages: some banks have to pay a part of liquidated damages, which is different from bank to bank. For example, the penalty of China Construction Bank is about 3% for less than one year, 2% for more than one year but less than two years, and 1% for more than two years but less than three years. For China Bank, if the loan repayment is less than one year, the maximum interest on liquidated damages will not exceed six months, and no liquidated damages will be charged after one year.

3. Advance repayment needs to be explained in advance, and the applicant applies to the bank with his ID card, loan contract, repayment savings card and other materials.

The mortgage has been paid for three years. Is prepayment appropriate?

According to the regulations of most banks, users can make prepayment after mortgage repayment 1 year. If it is less than 1 year, it is impossible to apply for prepayment. Regarding prepayment, there will be an agreement in the mortgage contract, and users can find relevant contents to check. It will explain when the prepayment can be made and whether there is a penalty for prepayment.

You can apply for early repayment if you have sufficient funds. There are two ways to repay the mortgage in advance:

1. Pay off all in advance. It is not difficult for the borrower to pay off the loan in one lump sum. At this time, you can take the relevant materials to the Housing Authority to cancel the mortgage, and you will have full property rights of the house.

2. Repay part of the loan before the repayment period. There are two kinds of loans that are repaid in advance before the repayment period:

(1) The monthly repayment amount remains unchanged, shortening the repayment period; The monthly repayment amount is reduced, and the repayment period remains unchanged. The advantage of the former is that it can reduce interest and save a sum of money;

② It can reduce the monthly payment and ease the repayment pressure. The borrower can choose the way to repay the mortgage in advance according to his actual situation. When repaying the mortgage in advance, you may wish to consult the loan bank first.

How to calculate the interest of Ping An Bank loan three years in advance?

Interest calculation for repaying the loan three years in advance:

Because the borrower's production and operation situation or other circumstances will change, sometimes the borrower will repay in advance without borrowing funds. If the parties have an agreement on early repayment in the loan contract, it is necessary to determine whether it is approved by the lender and how to calculate the interest according to the agreement.

If the parties have not agreed on prepayment in the contract, and prepayment does not harm the interests of the lender, the interest may be calculated according to the actual loan term without the consent of the lender; If the prepayment damages the interests of the lender, the lender has the right to refuse the borrower's prepayment request.

If the Lender agrees to prepay, it shall be deemed that the Lender agrees to change the performance period of this Contract, and the Borrower shall pay the Lender interest according to the changed period, that is, the actual loan period. There may be two main changes in repayment interest:

1. For example, after the repayment has been partially paid, if the principal is repaid in equal amount, the interest will gradually decrease with the decrease of the repayment amount [2].

2. On the other hand, if the national policy changes, such as interest increase, then the repayment date, such as May 1 day, coincides with the policy in June, and your interest will change with the policy change in the following year 1 month 1 day.

Extended data:

Advance payment:

There are two kinds of prepayment, one is partial prepayment and the other is full prepayment.

Full prepayment refers to one-time settlement of mortgage principal and interest. After all prepayment, the interest shall be calculated from the date when the principal and interest of the bank are paid off, and shall be paid off later.

Partial prepayment means that only a part of the loan principal and interest is repaid, and the remaining principal and interest are not settled. The remaining loan interest is still subject to the loan interest rate agreed in the original loan contract.

There are two repayment methods to choose from for the part of the outstanding loan balance repaid in advance. One is to shorten the repayment cycle, and the monthly payment is inconvenient; Second, the repayment period remains unchanged, reducing the monthly payment. In contrast, the first one can save more interest.

Some banks will charge a certain fee for prepayment. ICBC needs to charge 2-3 months' interest as handling fee, while ABC, BOC and BOCOM charge one month's interest. Among them, the Agricultural Bank of China will charge one month's interest for prepayment within three years, and will not charge it after three years. Shanghai Pudong Development Bank said that if repayment is made two years in advance, a handling fee of 3% of the repayment amount will be charged, and no handling fee will be charged after two years.

In addition, it should be noted that most banks require repayment for at least one year before applying for early repayment. If buyers want to apply for early repayment, they should pay attention to the relevant requirements in the loan contract, otherwise they may have to pay a certain penalty.