Calculation method of one-time early repayment interest:

1. Early repayment, the loan is settled with the bank principal and interest in one lump sum, and the interest is calculated until the date when the bank principal and interest is repaid. No interest needs to be paid on the date after settlement;

2. Calculation formula of equal principal and interest repayment method: equal monthly principal and interest repayment = loan principal * monthly interest rate + loan principal * monthly interest rate / (1+ Monthly interest rate);

3. You can use the early repayment calculator to calculate. Just enter some key information, such as the original loan amount, original loan term, etc., and you can calculate the monthly repayment and interest savings after early repayment.

Relevant situation of banks' early repayment penalty:

1. China Construction Bank: If the borrower repays the loan for less than 1 year, 3% of the early repayment amount will be charged as penalty ; If the loan repayment time is 1-2 years, 2% of the early repayment amount will be charged as liquidated damages; if the loan repayment time is 2-3 years, 1% of the early repayment amount will be charged as liquidated damages; if the loan repayment time is 3 years or more, early repayment will be charged No liquidated damages will be charged;

2. Bank of China: The charging standard for early repayment is up to 6 months of loan interest. The specific need to pay liquidated damages is clearly stipulated in the personal loan contract. When it occurs, the bank will charge fees in accordance with the contract;

3. Industrial and Commercial Bank of China: The penalty for early repayment shall not exceed the six-month loan interest on the repayment of principal or be charged at the agreed price. It is temporarily exempted under certain special circumstances.

4. Bank of Communications: Compensation is charged for early repayment of mortgage loans, which is generally 1% of the early repayment amount. The maximum amount shall not exceed the amount payable between the early repayment date and the maturity date of the loan contract. interest. If it is a partial early repayment, you can make one free early repayment every year, and charges will start from the second time.

Legal basis:

Article 42 of the "Law of the People's Republic of China on Commercial Banks"

The borrower shall repay the principal of the loan on time and interest. If the borrower fails to repay the guaranteed loan when due, the commercial bank has the right to require the guarantor to repay the principal and interest of the loan or to receive priority repayment of the collateral in accordance with the law. Real estate or equity acquired by a commercial bank due to the exercise of mortgage or pledge rights shall be disposed of within two years from the date of acquisition. If the borrower fails to repay the credit loan when it is due, he shall bear the responsibility according to the contract.