******Currently, most of the housing loans and car loans issued by banks to borrowers are in the form of mortgage loans. That is to say, after the borrower applies for a loan from the bank, he needs to repay a certain amount of principal and interest on the loan on time until the specified number of installment repayment periods expires. However, some borrowers choose to repay their loans early because they have spare money or are worried about the increase in interest due to rising interest rates. So how should the interest be calculated after the borrower chooses to repay the loan early? Many of my friends probably don't know much about it. They pay the corresponding interest based on the interest calculated by the bank. In fact, borrowers can calculate the interest rate for early repayment by themselves using the following method. As we all know, the interest on a mortgage loan is calculated as the remaining principal * the current interest rate. If the borrower chooses to repay the loan early, the specific interest is calculated based on the current interest rate at the time of repayment (remaining principal - early repayment amount). For now, borrowers can apply to the bank for full repayment in advance, partial repayment in advance but the repayment period remains unchanged, or partial repayment period shortening according to their own circumstances. Borrowers can use Yidai.com's early repayment calculator to calculate, enter the total loan amount, the original loan term and select the loan interest rate and type. Finally, select the early repayment method and repayment amount, and click "Start Calculation". Calculate the corresponding interest.