It won't affect. The liquidated damages of China Merchants Bank 10 yuan will be refunded when the remaining amount is submitted, which will not affect the provident fund loan. Liquidated damages refer to a certain amount of money paid by a party to a contract for breach of contract when it fails to perform or fails to perform the contract correctly.

Second, does the default of prepayment affect the second loan?

do not affect

Third, what will happen if the student loan is repaid in advance? Do you need to pay liquidated damages?

There is a penalty for student loans, and it is normal to repay student loans in advance. Individuals repay the student loan in advance, because the student loan policy will have a discount policy during the study period, so students only need to repay the principal in advance without paying interest.

Although it is not necessary to pay liquidated damages to repay the student loan before the repayment period, it is also necessary to apply to the bank in advance and wait for the bank's consent before going through the repayment procedures. However, it needs to be understood that student loans can only be paid off in one lump sum if they are paid off before the repayment date.

4. Does the loan have any impact after paying the liquidated damages?

It still has a certain impact! Because your credit information has been affected.