If you repay in advance, you need to make an appointment in advance. Generally, you can make an appointment after one year of repayment. According to the regulations of the bank, borrowers who repay in advance generally need to submit a written application to the bank 7- 15 working days in advance and agree on the repayment date.

Generally, if the repayment is made in advance within the time limit stipulated by the bank, a certain percentage of liquidated damages will be charged, ranging in amount. Especially for the second-home improved borrowers who have enjoyed a 30% discount on the interest rate of the first home before, it is necessary to look at the loan contract signed with the bank at that time. Some banks do not allow borrowers to repay loans in advance, and some banks need to pay a part of liquidated damages to repay loans in advance. Banks only accept borrowers who have repaid for more than one year to repay in advance. Some banks refuse to accept the application for prepayment made by borrowers who have not repaid for one year, and some banks that accept it need to collect a certain amount of liquidated damages as appropriate.