What are the procedures for prepayment of housing loans?
Generally, you need to make an appointment with the bank before repaying in advance, and you can consult the relevant policies of the loan bank for details. The process of repaying the loan in advance is:
1. First, check the requirements for prepayment in the loan contract, and pay attention to whether there is a certain penalty for prepayment.
2. Call the loan bank to inquire about the application time of early repayment and low repayment amount and other materials that need to be prepared.
3, according to the requirements of the bank personally apply to the relevant departments for early repayment.
4. The borrower shall go through the relevant prepayment procedures at the borrowing bank with relevant certificates.
5. Submit the prepayment application form and deposit the prepayment in the counter.
What are the precautions for prepayment?
1. Make an appointment in advance. During the loan period and within one year after the loan is issued, with the consent of the bank, you can apply in writing to repay part or all of the loan in advance. General banks need 2-7 working days to handle this business. Banks have different regulations on early repayment of loans, so lenders must make clear the operating procedures of loan banks before deciding to repay loans in advance.
2. The loan documents should be ready. If the borrower wants to repay the loan in advance, he should generally bring his ID card and loan contract to the bank for approval after applying by phone or in writing. If it is a borrower who has settled all the balance, after the bank calculates the remaining loan amount, it is convenient for the borrower to save enough money to repay the loan in advance.
3. Calculation method of interest rate after interest rate reduction. The new interest rate will be calculated at the beginning of the new year. Therefore, even if the loan is to be repaid in advance, the lender should seize the opportunity and try to repay the loan in advance before the new interest takes effect at the end of the year. After paying off all the loans in advance, the lender should remember to surrender to the insurance company and other departments.
4. Surrender: After the lender settles all the final payment in advance, the bank will issue a settlement certificate, and the borrower will call the relevant insurance company with the original loan settlement certificate, original insurance policy and original invoice issued by the bank to make an appointment for surrender. When the borrower applies for a loan, the bank will register the mortgage.