The handling fees of different banks vary greatly. Some banks don't charge, some banks need to charge 1~3 months' interest on the actual repayment amount, and some banks even need to charge 3% handling fee on the actual repayment amount.
State-owned big banks, such as industry, agriculture, China, construction and Bank of Communications, do not charge fees for early repayment by Bank of Communications, while ICBC needs to charge 2-3 months' interest as fees, and other banks need to charge 1 month's interest. Among them, the Agricultural Bank of China charges one month's interest for the early repayment of loans within three years, and no fees will be charged after three years.
Most joint-stock banks say they don't charge fees. However, Shanghai Pudong Development Bank said that if repayment is made two years in advance, a handling fee of 3% of the repayment amount will be charged, and no handling fee will be charged after two years.
Foreign banks generally charge differential fees according to the repayment period. For example, Citibank charges 2% of the repayment amount in advance after one year, and the fee is reduced to 1% after two years, and no handling fee is charged after three years; There is no handling fee for prepayment by HSBC after three years, at least 20,000 yuan after two years and at least 30,000 yuan after one year.
Extended information The following five situations are not suitable for prepayment:
First, it is not necessary for buyers who enjoy the benchmark interest rate of 30% to 8.5%. Because of the preferential interest rate, even if the monthly payment difference before and after the interest rate adjustment will not exceed 100 yuan, there is no need to repay the loan in advance.
Second, it is unnecessary for buyers whose repayment period of equal principal has passed13, because the average capital began to pay more, and then it became less and less. These people have already paid off a large sum of money, leaving a small loan. Even if the interest rate is raised, the interest will not be too much.
Third, property buyers who meet the medium-term repayment of equal principal and interest should not repay the loan in advance, because these customers have already paid most of the interest, so it is of little significance to repay the loan in advance.
Fourth, investors whose investment income is higher than the loan interest rate are not suitable for repaying loans in advance. For example, people who can invest in profitable projects in the short term will lose the opportunity to make money in vain if they return all their money to the bank at this time.
5. It is a property buyer who needs a bank loan in the near future. If the money is returned to the bank at once, the benchmark interest rate may rise 10% to 30% or even higher when he goes to the bank to apply for a loan.
Reference source: People's Daily-People's Daily: Think twice about repaying the mortgage in advance.
Reference source: People's Daily Online-Is it cost-effective to repay the loan in advance under three circumstances? 2