Landlord, first of all, let me explain to you that at present, most bank loans charge interest on a daily basis, which means that if you spend more money, you have to pay more interest for it. According to the general building mortgage contract, prepayment is allowed. If you have 200,000 yuan now, you can settle the loan of 200,000 yuan in advance.

Yes, from May to August, according to your loan contract and loan receipt at that time, the loan amount was 280,000. During this period, the loan principal was 280,000, and the interest was also calculated according to 280,000. When you settle 200,000 yuan in advance, the remaining loan principal is only 80,000 yuan, and the interest is of course calculated according to 80,000 yuan. That's for sure!

First of all, it is a breach of contract for the landlord to settle part or all of the loan in advance. Banks generally require borrowers to pay liquidated damages (each bank has different regulations, generally 0%-5% of the remaining principal of the loan). In the general building mortgage contract, it will be clearly stated that the landlord will pay liquidated damages if he wants to settle in advance. It is suggested that the landlord first find out what the default interest rate agreed in the mortgage contract is, then calculate the liquidated damages, and then see which fee is higher than the loan interest.

Finally, tell the landlord that the interest cost of normal repayment is definitely higher (because you only borrowed money in May 2065438+2003). Most importantly, I told the landlord that the liquidated damages are actually very easy to reduce, and you must find an account manager in that bank to help you operate.