At present, some commercial individual housing loans, such as individual housing provident fund loans and China Construction Bank, have launched businesses that allow borrowers to change repayment plans and repay part or all of the loans in advance.

However, due to prepayment, especially prepayment of some loans, it is necessary to modify and calculate the loan term and loan balance agreed by the three parties in the original loan contract, and the operation is complicated. The borrower needs to understand and master the following requirements and regulations:

First, the borrower must repay the principal and interest of the loan regularly for 6 months before proposing to repay part or all of the loan in advance for the first time;

Second, in order to strictly manage loans, lending institutions set a minimum amount for the prepayment of some loans, which generally requires an integer of more than 654.38+00,000 yuan.

Third, the borrower generally needs to notify the lending institution 15 days in advance to repay the loan in advance, and must submit a written application to the lending institution with the original loan contract, the bank repayment savings card, the monthly repayment statement of principal and interest, my ID card and other materials (the provident fund loan is applied to the housing fund management department, and the bank commercial housing loan is applied to the lending bank), and it is approved by it;

Four, the borrower still needs to repay the original monthly loan principal and interest repayment amount, and then deposit the loan amount to be repaid in advance into the bank savings card.

Whether to repay part of the loan or all the loan in advance, the borrower must go to the bank for prepayment within the time specified by the lending institution.

It is also worth mentioning that if all loans are repaid in advance, the insurance company can refund the premium during the advance period. After the borrower repays all the loans in advance, the lending institution will also return to the borrower the original personal housing loan housing insurance policy that has been kept by the lending institution.

However, because the borrower has paid off all the insurance premiums during the loan period in one lump sum when handling the loan, the original home insurance personal housing loan contract was terminated ahead of schedule. 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 to the insurance company in advance on a monthly basis.

Paying off the loan in advance and returning the insurance premium should be based on whether the original house is an existing house or an auction house, and the actual term of the insurance premium should be changed by 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 and the quick calculation coefficient. 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.

How to calculate the interest of mortgage prepayment?

Calculate with advance mortgage calculator

1. prepayment means that the borrower applies to the bank to repay part of his loan in advance, and guarantees that it will not be overdue last month and the loan will be repaid in the current month; Pay off all or part of the loan in one lump sum according to the date stipulated by the bank. Prepayment is generally divided into two ways: partial prepayment and full prepayment. The "prepayment calculator" is needed here. Search for "Latest 20 17 of Prepayment Calculator" with 360, and then click the first website to enter (as shown below):

2. After entering the main page of this website, you will see the page of prepayment calculator, which is very detailed (as shown below):

3. Give an example of repaying the loan in full in advance: For example, I borrowed 230,000 provident fund from May 2065438 to May 2007, and it is estimated that I can pay it off in advance in 2020 10.

Then we will fill in the form according to the above instructions, and the repayment method will be filled in according to our own loan method. The loan interest rate can be filled in according to the benchmark repayment rate of the central bank, and the repayment method is generally equal principal and interest. This can be filled in according to your repayment method, and the date is from your first repayment date to your early repayment date. Select "Pay off in advance at one time" as the prepayment method, and click Calculate (as shown below):

4. At this time, you will see the calculation result. You can compare the detailed data before prepayment with the detailed data after prepayment to see how much interest is saved. Of course, I think this data is not detailed enough. You can also click to enter the "Detailed Report" (as shown in the figure below):

5. After entering the "Detailed Report" page, the loan amount is 230,000.00 yuan, the loan interest rate is 3.25%, the loan term is 1.20 months, and the repayment of principal and interest is the same. Then the monthly repayment amount of equal principal and interest, the first monthly repayment amount of average principal, the monthly decreasing amount and the total interest of the loan will appear in front of you in detail.

Partial repayment in advance can also be completed according to the above instructions. Click Calculate and a detailed report will be automatically generated for your reference (as shown below):

Matters needing attention in repaying loans in advance

1. Don't forget to surrender: after the borrower repays all the loans in advance, the original personal housing loan home insurance contract will also be 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.

So don't forget to get your money back from the insurance company and the tax department after paying off all the loans in advance.

2. Don't forget the tax refund: In addition, don't forget to go to the tax department for tax refund. When purchasing a commercial house, all the family members who can get tax refund should be written into the purchase contract as the property owners, and after signing the contract and paying the house price, they should apply for "deducting the personal income tax paid by the buyer" and obtain their "general tax payment book".

You can get the real estate license after paying off all the loans in advance, and you have to go to the tax department for tax refund within 6 months after completing the real estate license.

3. Don't prepay in the first year: It should be noted that don't prepay in the first year of borrowing. According to the relevant provisions of provident fund loans, the repayment amount should be in advance after 1 year repayment, and the repayment amount should exceed the repayment amount of 6 months.

Another point is that the loan contract stipulates that those who repay the loan in advance shall not be overdue. If it is overdue, you should pay off the arrears first and then apply for early repayment.

Algorithms and regulations for prepayment of mortgage loans by major banks

1. China Merchants Bank: China Merchants Bank has to repay in advance. If it is less than one year, it will charge at least three months' interest relative to the actual repayment amount. After one year, it will only take one month.

2. China Construction Bank: If China Construction Bank wants to prepay for less than one year, it will charge 3% of the prepayment amount. One to two years 2%, two to three years 1%.

Iii. Agricultural Bank: If the loan of Agricultural Bank is repaid in advance for less than one year, it will be charged at the monthly interest rate of the principal, and no penalty interest will be charged for the loan for one year.

Iv. Industrial and Commercial Bank of China: If ICBC prepays for less than one year, it will be charged at 5% of the prepayment amount. If the loan is repaid in advance after one year, like ABC, there is no penalty.

Fifth, Bank of China: If the loan from Bank of China is repaid in advance for less than one year, the penalty will be no more than six months' interest. Repay the loan in advance after one year, without penalty interest, just like the Agricultural Bank.

Sixth, Bank of Communications: Bank of Communications has regulations on the amount of repayment in advance, which is at least six times the monthly repayment amount. Some prepayments can be paid once a year for free.

7. Guangfa Bank: If the loan of Guangfa Bank is repaid in advance for less than one year, two months' interest will be charged as liquidated damages. If the loan is repaid in advance after one year, like the Agricultural Bank of China, there is no penalty.

Eighth, China Everbright Bank: If the loan of China Everbright Bank is repaid in advance for less than one year, it needs to charge 3% ~ 6% interest as liquidated damages. As long as it is more than one year, just like ABC, there is no need for penalty interest.

Ninth, Shanghai Pudong Development Bank: If the loan of Shanghai Pudong Development Bank is repaid in advance for less than one year, there are two ways of liquidated damages, one is 1.5% interest, the other is 3% interest, and no liquidated damages will be charged for the loan for one year.

Tenth, Shenzhen Development Bank: Shenzhen Development Bank has stricter requirements than ordinary banks. The general term is two years. As for the amount of default within two years, it depends on the contract.

How to pay off the mortgage at one time?

The mortgage can be paid off at one time. According to the regulations of the bank, customers who repay the loan in advance need to submit a written application one week to one month in advance to agree on the repayment date. Once confirmed by the borrower's bank, the application form for prepayment is irrevocable.

First, how to pay off the mortgage in one lump sum

If an individual has applied for a mortgage of more than 1 year, and there is enough deposit to pay off the debt in one lump sum. However, it should be noted that if the general mortgage is less than 1 year, the bank will charge a certain penalty. Therefore, before deciding to prepay, it is best to ask the bank if there are any other fees to be charged. Therefore, as long as the borrower has a certain economic ability, it can actually pay off the mortgage at one time.

Second, mortgage loan.

Also known as mortgage loan. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.

One-time mortgage repayment process

1. To apply for paying off the loan in one lump sum, the borrower must repay the loan for more than one installment normally, and the repayment place is the bank undertaking the provident fund loan (if repayment with the provident fund is needed, the borrower should first go through the transfer formalities at the provident fund management center with the loan contract, housing provident fund savings card and ID card, and then go through the repayment formalities at the relevant bank).

2. General buyers need to fill out an application form for early repayment of loans, which includes basic information such as reasons for early repayment of loans, house location, contact telephone number, ID number and repayment passbook account number. After receiving the application, the bank will give a reply in about one month.

3. If the loan repayment procedures are met, the buyer can handle the loan repayment certificate with cash and related materials on the same day. Of course, different banks may be slightly different in some details. Please consult the lending bank for details.

4. After the borrower pays off the loan, the loan undertaking bank will issue a repayment certificate, and go to the Housing Guarantee Replacement Co., Ltd. or the loan undertaking bank to receive the original property certificate and other warrants. The borrower shall go through the mortgage registration cancellation formalities at the property right registration department with the repayment certificate. After 10 working days, you can go through the return formalities and get the real estate license.

One-time mortgage repayment process

Most mortgage buyers will choose to buy a house for 30 years, so the repayment pressure in each period is relatively small. However, in the process of repayment, if the economic conditions improve, everyone will think of paying off in one lump sum to avoid the trouble of monthly payment in the future. The one-time repayment process of mortgage is as follows: users need to contact the loan bank to apply first, and then arrange the deposit of funds after the other party agrees to settle the request in advance. Otherwise, they will only deduct the current part of the deposit into the bank. In addition, for early settlement, banks will have requirements, such as the loan still has one year. After the bank agrees, users need to carry personal ID card, loan contract, repayment card, property certificate, etc. Go to the bank counter and the other party will ask you to deposit the money in the designated repayment card. The bank will automatically deduct and repay the money in the bank card, hand over the deduction document to the user and the staff, and the other party will issue a settlement voucher. The bank staff will take his and the borrower's rights to the Housing Authority to cancel his rights, and the house will belong to the full amount after the transaction.

The introduction of paying off the housing loan in one lump sum ends here.