If the renovation loan of CCB needs to be repaid in advance, you can directly contact the bank to apply for prepayment, and then go to the designated counter to repay after the bank has approved it. The borrower can choose to pay off in whole or in part in advance.

Early repayment is the part that the borrower pays more than the monthly principal and interest. The prepayment without fully paying off the mortgage loan is called partial prepayment. Through contractual arrangements, it is forbidden to repay in advance within the agreed time limit, which is called lock-up period. The lock-up period is 2- 10 years. After the lock-up period, the guarantee of prepayment usually adopts other methods, such as prepayment penalty or rate of return maintenance fee.

Prepayment includes full prepayment, partial prepayment with unchanged loan term and partial prepayment with shortened loan term. The loan bank can only accept the application for prepayment of personal loans from the second repayment month. Although prepayment can save interest expenses, there are four types of buyers who are not suitable for prepayment.

Handler:

1. Repayment in full in advance: after the loan bank verifies that the relevant materials are correct, it will go through the formalities of prepayment in full.

2. Early 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 mortgage registration has not been done, you need to go to the insurance company designated by the city center to go through the formalities of reducing the insured amount with the original policy, your ID card and relevant agreements, and the final agreement should be sent to the corresponding sub-center by the loan bank in time.

3. If the original loan guarantee method is mortgage insurance and mortgage registration has been completed, and 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 by the loan bank in time.

4. The mortgage insurance chosen as the original loan guarantee method is still within the insurance period, and the mortgage registration has not yet been handled: the borrower can apply for partial repayment in advance and shorten the loan period, which can be handled directly at the guarantee center.

Repayment procedures:

According to the regulations of the bank, customers need to submit a written application one week to one month in advance to agree on the repayment date. Then, according to the agreed date, bring your ID card and the loan contract signed with the bank to the bank to fill in the loan repayment application form and prepayment agreement, and deposit the money to be repaid into your account for withholding the loan principal and interest according to the requirements of the bank, and the bank will automatically deduct the money.

There is no limit to the number of times a bank repays the loan in advance, and it can pay off the loan in whole or in part. It's just that the starting amount of each loan repayment is different from bank to bank. Some regulations are 65,438+0,000 yuan or multiples of 65,438+0,000 yuan, and some banks stipulate that the loan can be repaid in advance if it is more than 1000 yuan.

Some borrowers who repay loans in advance can choose two ways: one is to reduce the monthly repayment amount and keep the repayment period unchanged; The other is to shorten the repayment period and keep the monthly repayment amount unchanged. If the income of the lender keeps increasing, you can choose the repayment method of shortening the loan term and realize the desire of being debt-free as soon as possible. If the income does not increase too much, you can reduce the repayment amount and keep the repayment period unchanged, which will reduce the repayment pressure.

It is worth mentioning that the prepayment application form is irrevocable once confirmed by the borrower's bank. As a supplementary clause of the loan contract, it has the same legal effect as the loan contract. If the loan purchaser fails to repay the loan in advance according to the date and amount specified in the application for prepayment sent to the borrower's bank for any reason, it will be regarded as overdue repayment, and the loan purchaser will bear corresponding liabilities for breach of contract according to the loan contract.

How to get money for the renovation loan of CCB?

There are three ways to lend CCB decoration loans.

In addition to the decoration loan credit card under the bank's own name, the bank can also pay the loan to the corporate account of the decoration company signed by the lender.

Or transfer the money to a third party's bank card (not in the name of yourself and your immediate family).

Paying the decoration company or a third-party bank card can prevent the owner from using the decoration loan for other purposes to some extent.

However, the risk coefficient is relatively high, and the money is not in their own hands, and the owners are passive in the decoration process.

Therefore, unless the owner himself requests payment to the decoration company or a third party, in most cases, the bank pays directly to the decoration loan credit card in the name of the lender.

How to apply for early repayment of CCB decoration loan

1. Users need to apply to China Construction Bank for prepayment in advance, which can be done at business outlets or by telephone;

2. Waiting for the bank to approve the application for prepayment;

3. After the prepayment is approved, CCB will notify the user to go through the prepayment procedures at the designated business outlets.

How can CCB's renovation loan be better? See which one suits you!

As one of the four state-owned banks, CCB has many well-known loan products, among which decoration loan is one, and many friends have applied for it. However, for the repayment method of decoration loans, CCB has given a variety of options, and many people are beginning to worry. Which one to choose? Today I will introduce them to you separately. I hope you can choose the one that suits you best after reading it.

1, equal principal and interest

Matching principal and interest refers to repaying the same amount of loans (including principal and interest) every month during the repayment period. In this repayment method, the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month.

For example, you get a renovation loan of 654.38 million yuan from CCB, which will be repaid in two years. Calculate the loan interest rate. The principal and interest to be repaid each month is RMB, and the total principal and interest will be RMB after all repayment.

2. Average capital

Average capital divides the total loan into equal parts during the repayment period, and repays the same amount of principal and the interest generated by the remaining loans in that month every month. Because the monthly repayment amount is fixed, the interest is less and less, and the initial repayment pressure is greater.

For example, you get a renovation loan of 654.38 million yuan from CCB, which will be repaid in two years. Calculate the loan interest rate, the first month is RMB, the second month is RMB, and so on. The monthly repayment is less than that of the previous month.

3. One-time repayment of principal and interest at maturity

This is easier to understand. During the loan period, the principal and interest are not paid monthly, and the principal and interest are paid in one lump sum after the loan expires, which is more suitable for short-term borrowing.

Following the above example, this repayment method only takes two years, and a one-time repayment requires repayment of 1 10660 yuan.

Here are three repayment methods of decoration loan of CCB for you, and for comparison, you can choose the one that suits you best.

How to repay the renovation loan of CCB? You can choose between two methods.

Many netizens went to CCB to apply for renovation loans, and CCB provided two repayment methods: matching principal and interest repayment method and average capital repayment method. Many netizens don't know how to choose. How about a loan for renovation of CCB? Here, I will explain from these two aspects.

Average capital method

The borrower repays the loan principal and interest in equal amount every month. In this way, interest accounts for a high proportion in the initial repayment, and the principal is relatively small. Later, with the gradual reduction of monthly interest expenses, the returned principal will gradually increase. For example, I got a renovation loan of 10000 from China Construction Bank, with an interest rate of 5%, which was repaid in 12 installments. The monthly repayment is RMB, and the interest in the early stage accounts for a large proportion of the repayment, and then decreases by stages, and the total principal and interest is RMB.

Average capital repayment method

The borrower repays the same amount of loan principal every month, and the interest decreases month by month with the principal, and the monthly repayment amount also decreases month by month. For example, I borrowed 10000 from China Construction Bank, and the interest rate was 5%. I repaid in installments of 12, and I repaid RMB in the first month. After that, the repayment amount in each installment was reduced by RMB, and the principal and interest totaled RMB.

Comparison between the two

Under the condition of the same loan time, the interest paid by the equal principal and interest repayment method is higher than that by the average capital repayment method. The average capital repayment method has a relatively high repayment pressure at first, and then it will gradually decrease, which is suitable for borrowers with strong repayment ability, and the repayment amount of equal principal and interest is the same in each period, which is suitable for borrowers with weak repayment ability.

Generally speaking, how to make the renovation loan of CCB more suitable depends on the actual situation of the borrower and choose the repayment method that you can accept. Friends who need decoration loans can choose a product with low cost, many varieties, fast loan and one-on-one service from credit managers.

So much for the introduction of how to repay the renovation loan of CCB.