If the loan is paid off in one lump sum, and the liquidated damages stipulated in the loan contract need to be paid off in one lump sum, the user shall also pay the liquidated damages when paying off the loan. In the loan contract, it is agreed that there is no need to pay liquidated damages in advance, or if the user meets certain conditions, then only the principal and interest need to be paid in advance.

After the bank loan is paid off, if it is a mortgage or car loan, you need to apply for a loan settlement certificate. In addition, since mortgage and car loan are basically mortgage loans, people need to take the loan settlement certificate to the local real estate management department or vehicle management office for mortgage cancellation after handling the loan settlement certificate. After the mortgage is released, you can go through the formalities of property transfer/vehicle transfer.