There is an old saying in China that "no debt is light", but do you know that most banks have to pay liquidated damages for prepayment of unsecured loans? So, how do banks collect the liquidated damages for unsecured loans?

Ping An Bank: New loans

You can apply for early repayment after 3 months of loan issuance, and the penalty is 5% of the remaining principal.

China CITIC Bank: New Jinbao

After the loan period expires for half a year, the borrower may apply for prepayment, and the liquidated damages shall be paid at 5% of the remaining principal.

Bank of Ningbo: White collar.

After the loan expires 1 year, it can be repaid at any time without paying liquidated damages.

Huaxia Bank: Yi Dajin

Repayment can be made in advance after 3 months, and the penalty is only 3% of the remaining principal.

Bank of Nanjing: Cheng Yi loan.

The loan can be repaid in advance after half a year, and the liquidated damages will be paid at 5% of the remaining principal.

Standard Chartered Bank: Cash Lending School

The charging standard of liquidated damages is 5% of the remaining principal, starting from 500 yuan, and the 500 yuan will pay the liquidated damages in 500 yuan.

Citibank: Happy Hour Loan

After the loan expires 1 year, it can be repaid in advance, and the penalty is 5% of the remaining principal.

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