Users who want to prepay must go to the original bank that handles loan business and submit an application for prepayment. After the application is approved, they can repay the loan in advance. Generally speaking, there are many cases of prepayment of mortgage. Users need to go to the branch or sub-branch where they have previously applied for mortgage, and other banks do not accept prepayment of mortgage.

In addition, users do not need to go to the bank counter to apply for prepayment, but can submit an application for prepayment through the customer service hotline.

What are the steps of the mortgage prepayment process?

1. 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.

2. On the agreed date, bring my ID card and the loan contract signed with the bank to the bank to fill in the repayment application form and repayment agreement in advance. After verifying the relevant materials, the loan bank shall go through the formalities of prepayment.

A. The first repayment with the same loan term: the loan bank instructs the borrower to fill in the relevant agreement. If the original loan guarantee method is mortgage+insurance, and the mortgage registration has not been completed, you need to go to the insurance company designated by the city center with the original insurance policy, your ID card and relevant agreements to reduce the insurance coverage, and the final agreement should be sent to the corresponding sub-center by the loan bank in time.

B. If the original loan guarantee method is mortgage+insurance and mortgage registration has been completed, the borrower who chooses non-mortgage+insurance applies for partial repayment in advance and shortens the loan term: the loan bank instructs the borrower to fill in the relevant agreement, and the signed agreement is sent to the corresponding sub-center in time by the loan bank.

C. The original loan guarantee method was mortgage+insurance, which is still within the insurance period and has not been registered as mortgage: the borrower can apply for partial repayment in advance and shorten the loan period, or directly go to the guarantee center.

3. According to the requirements of the bank, deposit the money to be repaid into your account for withholding the loan principal and interest, and the bank will automatically deduct the money.

Loan repayment method:

(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;

(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.

(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.

(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.