If it is necessary to repay the mortgage loan in advance, the borrower should generally submit a written application to the loan bank one month in advance, and the bank and you should negotiate and approve it. The collection standard of liquidated damages for prepayment is based on the loan contract signed between you and our bank. Both borrowers and borrowers can pay off the mortgage loan in advance in accordance with the relevant provisions of the Agricultural Bank of China and the Individual Housing Guarantee Loan Contract. The borrower shall go through the loan settlement formalities at the loan bank with valid identity documents, original (folded) repayment card of house purchase loan and individual house purchase loan guarantee contract. After all individual housing loans are repaid in advance, the bank should cancel the loans, that is, the loan bank will return the relevant legal documents and documents that have been put in storage to the borrower, and the borrower needs to sign for them in writing.
(Answer time: May 9, 2022. In case of business changes, please refer to the actual situation. )