In fact, with the continuous interest rate cuts by the central bank at the end of last year, the interest rate level has been very low, and some borrowers feel that it is not necessary to repay the loan in advance. However, experts say that it is more cost-effective to repay the loan in advance if it is an equal principal and interest loan. If the average capital does not exceed 65438+ 0/4 of the overall loan term, partial prepayment can be made. In addition, borrowers who know nothing about investment and financial management may wish to repay the loan in advance.
For prepayment, banks generally require borrowers to submit written or telephone applications in advance. After receiving the application, the bank shall examine and approve it, and then notify the borrower of the time to apply. In addition, banks have different requirements for repaying loans in advance. For example, some banks stipulate that early repayment of loans is an integer multiple of 654.38 million yuan, and some banks need to charge a certain penalty.
A personal credit manager of China Bank said that the borrower needs to repay at least 1 000 yuan to apply for prepayment. This 1 000 yuan has different terms for different borrowers. "Some borrowers pay 10,000 yuan a month and reach this standard in the first phase. Some borrowers still pay 3,500 yuan per period, and they need two or three periods before applying for early repayment. " The person said. The application threshold of Everbright Bank for early repayment stipulates that all borrowers can apply for early repayment only after paying back 12 installments. ICBC has no relevant regulations on prepayment of mortgage business, but in some outlets with large business volume, banks will require borrowers to handle it one or two days a month.
Another issue that needs attention is liquidated damages. It is understood that the terms of the contract that require early repayment of mortgage loans to pay liquidated damages have always existed, and different banks have different regulations. The proportion of liquidated damages is not uniform. At present, the liquidated damages of commercial banks for early repayment are generally divided into two forms: calculated according to the percentage of unpaid balance (generally 2%-5%) or interest for several months.
In Beijing, ICBC, China Merchants Bank, Huaxia Bank and China CITIC Bank do not charge liquidated damages for early repayment. The staff of Shanghai Pudong Development Bank said that whether to collect liquidated damages and under what circumstances, the specific rate will be clearly written in the contract. Even if the loan is issued by the same branch, the borrower's contract will be different.
Yan Bokai, an analyst in Yinlv.com, reminded borrowers that when signing a house purchase loan contract, they must carefully confirm the contents, including the location of the house to be loaned, the loan amount, the loan term, the repayment method, the loan interest rate, the fluctuation ratio of the interest rate, the adjustment method of the loan interest rate, whether there will be liquidated damages in early repayment, and the payment method.
(The above answers were published on 20 16-02- 19. Please refer to the actual situation for the current purchase policy. )
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