What should I do if the bank asks for early repayment if the house mortgage loan is only ten months old after three years?

Please confirm whether it is a requirement of the bank that applied for the loan. Banks generally do not require early repayment. , suspected of fraud. Because early repayment is not something you can repay if you want, it depends on the contract and bank regulations. Generally speaking, early repayment requires an appointment in advance. In addition, there are minimum repayment amounts and repayment cycle requirements. Some banks also charge liquidated damages for early repayment.

1. Precautions for early repayment

1. Before repaying the mortgage loan in advance, do not forget to surrender the insurance and release the mortgage

When the loan is settled in advance After the entire balance is paid, the bank will issue a settlement certificate. Therefore, the lender can bring the original loan settlement certificate issued by the bank, the original copy of the original policy and the invoice, call the relevant insurance company and make an appointment to surrender the policy.

Everyone must pay attention to this. Many home buyers think that they are done after paying off the loan in the bank. In fact, this is not the case. If you do not go to the property rights center to apply for cancellation of mortgage registration, your property will still be under mortgage. , unable to conduct transactions. Therefore, it is recommended that you cancel the mortgage registration after paying off the entire amount.

2. It is not necessary to repay the provident fund first

For provident fund loans, is it necessary to pay off the provident fund loan first before applying for early repayment of a commercial loan? Relevant professionals said that only the money in the provident fund account must be used to pay off the provident fund loan first.

In other words, if it is other self-owned funds, you can decide whether to use it first to repay commercial loans or to offset provident fund loans based on personal preferences and needs.

3. You must inquire about the requirements for early repayment

Most banks have requirements for early repayment. Some banks stipulate that you must repay the loan for at least one year before you can apply for early repayment, but some banks say you can apply for early repayment at any time.

Among the state-owned banks, Bank of China and China Construction Bank need to repay the loan for one year before they can apply for early repayment, and ICBC needs half a year to repay the loan in advance. In addition, banks such as China Merchants Bank and Bank of Communications require one year to apply for early loan repayment, while Huaxia Bank stated that you can apply for loan repayment at any time.

In addition, everyone should also note that some banks require borrowers to pay certain liquidated damages for early repayment. In this regard, the regulations of each bank are also different. It is recommended that you consult the bank in advance.

In fact, there is no such thing as whether it is good or bad to repay a loan early. As long as it suits everyone's actual situation and is beneficial to everyone, then it is the right choice. Different banks have different requirements. Borrowers are advised to consult the relevant bank for specific information. What should I do if my mortgage is paid off early?

Procedure for early repayment of housing loan

1. Consult the lending bank whether you can repay early. You can consult by phone. If you agree to repay early, the lender must present your ID card. (Out-of-town home buyers need to bring temporary residence permit), loan contract and other documents to the bank; fill in the application form and submit an application for early loan repayment.

2. Deposit sufficient repayment amount into the bank's repayment account according to the bank's requirements; go to the bank to sign relevant documents; get back other rights certificates, proof of full repayment of the loan, The original of the mortgage loan insurance contract, documents related to the release of the mortgage from the real estate certificate and some documents.

3. Go to the real estate management department (such as the district or county housing management bureau) to handle the mortgage cancellation procedures. The real estate department will take back the other rights certificates and stamp your property certificate to indicate that the mortgage has been released. Go to the insurance company where you purchased the insurance to handle the partial refund procedure. You must provide the original and copy of the mortgage loan insurance policy contract, the insurance policy, bank loan repayment certificate, ID card and other documents. After filling in the form, you can receive the remaining insurance balance after settlement. .

4. After the application for early loan repayment is submitted, it will take only a few working days at the earliest and can be completed within a month at the latest. During the application process, bank staff will make an appointment with you by phone in a timely manner and inform you of the next steps.

5. There is generally no handling fee for this process.

There may be a bank that considers your early repayment a breach of contract and charges you some default fees. This will be proposed by the bank when negotiating with the bank for early repayment. It is understood that in order to ensure that the loan funds can be recovered safely, banks generally do not Charge a breach fee.

Procedures are required for early repayment of housing loans

1. Make an appointment for early repayment by phone. The appointment phone number is usually listed in the loan contract. If it is not available, you can directly call the customer service number of China Merchants Bank to check. Relevant materials for quasi-prepayment generally include the borrower's identity certificate, loan contract, repayment account (bank card, passbook) and other materials required by the bank.

2. Prepare the information required for early repayment and go through the relevant procedures at the time and place of appointment. After the formalities are completed, the money will be deposited into the account. The early repayment process is completed. In addition, as to how long it will take to complete the early repayment from China Merchants Bank, you need to make an appointment with the handling bank by phone first. The details will depend on the handling bank's regulations.

3. Once a personal loan customer chooses to go to the bank for early repayment, the early repayment amount generally cannot be reused. You need to understand the bank's relevant regulations on early repayment, and then decide whether to apply for early repayment after weighing the pros and cons.

Extended information:

Depending on the repayment method, the borrower can choose a reduced mortgage term or a reduced mortgage amount. It is understood that most banks currently provide five ways to repay loans in advance for customers to choose from.

1. Full early repayment, that is, the customer pays off the entire remaining loan at once. (There is no need to repay interest, but the interest paid will not be refunded)

2. Partial repayment in advance, the remaining monthly repayment amount of the loan remains unchanged, and the repayment period is shortened. (Save more interest)

3. If part of the loan is repaid in advance, the monthly repayment amount of the remaining loan will be reduced and the repayment period will remain unchanged. (Reduces the monthly payment burden, but the degree of savings is lower than the second type)

4. Partial repayment in advance will reduce the monthly repayment amount of the remaining loan and shorten the repayment period. (Save more interest)

5. The total principal of the remaining loan remains unchanged and only the repayment period is shortened. (The monthly payment will increase and part of the interest will be reduced, but it is relatively uneconomical.) Can the mortgage be paid off in advance? What to do?

Hello! Agricultural Bank of China's personal housing mortgage loan early repayment processing method is as follows: Borrowers applying for early repayment of mortgage loans must submit a written application to the lending bank at least 30 days in advance and obtain the approval of the lending bank. Due to the actual situation in different places, the specific early repayment time arrangement is , please contact the loan bank account manager for communication. The documents required for early repayment of a personal housing loan are the borrower's identity document, personal home purchase guarantee loan contract, original home purchase loan repayment card (discount), and application to the original loan agency in advance as stipulated in the contract. It is recommended to consult your local lending bank for specific details. The standard for charging liquidated damages for early repayment shall be subject to the loan contract signed between the customer and our bank. Please check the provisions of the loan contract or contact the loan agency for verification.

(Answer time: November 15, 2022. If there are changes in business, please refer to the actual situation.) What should I do if I repay my mortgage early? Process for repaying my mortgage early!

Mortgage loan Repayment service customer service hotline: 0353-6222678

The process for applying for early repayment of a mortgage is as follows:

1. The borrower calls the customer service phone number of the loan bank to make an appointment for early repayment and consults in advance. Matters related to repayment.

2. The borrower brings his ID card, loan contract and other information to the lending bank to formally apply for early repayment.

3. After approval by the bank, the borrower will go through the relevant procedures for early repayment.

4. The borrower deposits the repayment amount into the repayment card at the bank counter to complete the early repayment.

Specific steps: 1. The borrower must first make an appointment through manual customer service at least half a month in advance to repay the loan in advance.

2. Then, the borrower must bring his valid

identity document, loan contract and other relevant information to the bank branch counter to apply for early repayment.

3. After approval by the bank, the borrower can go through relevant procedures at the bank and deposit the early repayment amount into the designated account.

4. Some banks are different. If we want to repay the loan early, we first need to re-sign some contracts, and we will also be required to pay liquidated damages.