You need to go to the bank to repay the mortgage in advance. To apply for a loan to return the house in advance, I first submit an application to the bank counter with my contract, ID card, bank card and reserved mobile phone number. After the bank accepts it, the user deposits the repayment amount into the bank card, and then the system deducts the money from the bank card to complete the prepayment operation. I am going to handle this business, mainly because the bank needs to confirm that it is my will to handle prepayment.

Prepayment procedure

1. The borrower should first check the requirements for prepayment in the loan contract and pay attention to whether it is necessary to pay liquidated damages for prepayment.

2. Call the loan bank to inquire about the application time and required materials for prepayment.

3, according to the requirements of the loan bank to the relevant departments to apply for early repayment.

4. The borrower goes to the loan bank to handle the prepayment formalities with relevant information.

5. Prepayment shall be deposited in the repayment account for bank deduction, or cash shall be directly brought to the loan bank for repayment.

What are the ways to repay the mortgage in advance?

1, prepay in full.

Full prepayment means that the borrower pays off all the remaining outstanding debts at one time. After paying off the debt, the loan relationship between the borrower and the bank can be terminated, so the loan interest will be calculated to the date when the user pays off the debt.

2. Partial advance payment

Partial prepayment means that the borrower repays part of the remaining unpaid principal in advance. For example, the remaining repayment principal is 500,000 yuan, and the borrower repays 250,000 yuan in advance, so there is still 250,000 yuan outstanding. In this case, the remaining outstanding debts will continue to calculate the loan interest expense according to the interest rate agreed in the original loan contract until the borrower pays off all the loan principal and interest.

What should I pay attention to in prepayment?

1. Make an appointment with the loan bank in advance.

Some users think they want to return it, but this is not the case. Because the mortgage amount is large, it needs to be approved by the bank first. Repayment can only be made in advance after the approval of the bank. Therefore, when you plan to repay in advance, you'd better make an appointment with the loan bank one week in advance.

2. The amount of prepayment is limited.

For partial repayment in advance, it is not as much as the buyers want, but there are restrictions. Generally speaking, the minimum repayment amount is 6,543,800 yuan. Secondly, the repayment amount must be an integer multiple of 6,543,800 yuan.

3. Time required for advance payment.

Most banks have requirements on the time of prepayment. For example, they can only apply for early repayment after one year of repayment. Therefore, if the repayment time does not meet the requirements, they cannot apply for early repayment.

4. Pay attention to interest rates

If we repay the mortgage in advance, we need to know the interest rate of the bank. For example, when the mortgage interest rate begins to fall, it will be uneconomical and unfavorable to repay in advance, because the falling interest rate has offset a lot of pressure in the early stage.