1. After the mortgage is repaid in advance, there is no need to pay subsequent interest, but early repayment requires a penalty (or handling fee) of about 1% for the early repayment.

2. Do you need to pay handling fees for early repayment? Among the large state-owned banks, ICBC, Agricultural Bank of China, China Construction Bank, and Communications Bank, Bank of Communications does not charge handling fees for early repayment, while ICBC requires 2 to 3 months of fees. Interest is used as a handling fee, and other banks charge 1 month's interest. Among them, the Agricultural Bank of China will charge one month's interest as a handling fee for early repayment of the loan within three years, but will not charge a handling fee after three years. Most joint-stock banks state that they do not charge handling fees. The Shanghai Pudong Development Bank stated that if the loan is repaid 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 based on the repayment period. For example, Citibank will charge a fee of 2 on the repayment amount for early repayment after one year. After two years, the fee will be reduced to 1, and no handling fee will be charged after three years. HSBC will not charge a handling fee for early repayment after three years. A handling fee of at least 20,000 yuan will be charged for early repayment after one year, and a handling fee of at least 30,000 yuan for early repayment after one year.

3. Time for early repayment Most banks require at least one year of repayment before you can apply for early repayment, but some banks say you can apply for early repayment at any time. Among the state-owned banks, Bank of China and China Construction Bank need to repay the loan for one year before they can apply for early repayment, and ICBC needs half a year to repay the loan in advance. In addition, banks such as China Merchants Bank, Bank of Communications, and East Asia will need one year to apply for early loan repayment, while Hua Xia Bank stated that you can apply for loan repayment at any time. Generally, the mortgage amount is relatively large. Without special reasons, few customers will repay the loan early within one year. Hope this helps.