The housing loan can be repaid in advance. You can choose to pay off or repay part of the arrears in advance according to your own financial situation. However, no matter which repayment method, the general bank requires that the repayment must be normal 12 months before it can apply for early repayment. Some banks do not force the normal repayment time, but they will charge a relatively high penalty.

Precautions for prepayment:

1. Early mortgage repayment requires an appointment, and an application for early repayment can only be processed after approval by the bank. If you don't submit the repayment application and deposit all the house payment directly into the monthly payment card, the bank will only deduct the monthly payment, not all the house payment.

2. If you choose to repay part of the arrears in advance, you need to recalculate the interest after the repayment is completed. You can choose to keep the monthly payment unchanged and shorten the loan term, or you can choose to keep the loan term unchanged and reduce the monthly payment.

3. For those who choose to pay off all debts in advance, remember to ask the bank for the settlement certificate and mortgage cancellation information after the repayment is completed, and go to the Housing Authority to handle the mortgage cancellation procedures in time. In this way, the house belongs to you completely.