According to the regulations of the bank, customers need to submit a written application one week to one month in advance to agree on the repayment date. Then, according to the agreed date, bring your ID card and the loan contract signed with the bank to the bank to fill in the loan repayment application form and prepayment agreement, and deposit the money to be repaid into your account for withholding the loan principal and interest according to the requirements of the bank, and the bank will automatically deduct the money. If it is less than three years, it will be punished for three months, and if it is more than three years, it will not be punished.
Extended content:
1. After the borrower repays all the loans in advance, the original individual housing loan purchase insurance contract is also terminated in advance. According to the relevant regulations, the borrower can bring the original insurance policy and proof of paying off the loan in advance, and return the premium paid in advance to the insurance company on a monthly basis. Paying off the loan in advance and returning the insurance premium must be based on whether the original house is an existing house or an auction house, the actual term of the insurance premium of the auction house (the insurance term of the auction house exceeding half a year is generally calculated by subtracting 1 year from the loan term), the discount rate of the original one-time payment of insurance premium, the quick calculation coefficient and other factors. The calculation formula is: paying off the loan in advance and returning the insurance premium = the present value of the insurance premium paid in advance-the present value of the insurance premium occupied before returning in advance.
2. Early repayment refers to the part paid by the borrower that exceeds the monthly principal and interest payment. The prepayment without fully paying off the mortgage loan is called partial prepayment. Through contractual arrangements, it is forbidden to repay in advance within the agreed time limit, which is called lock-up period. The lock-up period is 2- 10 years. After the lock-up period, the guarantee of prepayment usually adopts other methods, such as prepayment penalty or rate of return maintenance fee.
? ICBC repaid the loan in advance.