The penalty for prepayment varies from bank to bank.
1. Default penalty for prepayment of mortgage loan of China Merchants Bank: If prepayment is less than one year, interest will be charged for at least three months, and if prepayment is over one year, interest will be charged for at least one month.
Two. Liquidated damages for prepayment of CCB mortgage loan: If prepayment is less than one year, the liquidated damages will be charged at 3% of prepayment amount. If the loan is repaid in advance for one to two years, 2% of the prepayment amount will be charged. The loan is repaid in advance for two to three years, and one percent of the prepayment amount is charged.
3. Default penalty for prepayment of mortgage loan of Agricultural Bank: If prepayment is less than one year, it will be charged by multiplying the principal by the monthly interest rate, that is, the loan interest rate divided by 12 months minus the number of repayment months. Repay the loan in advance after one year, as long as there is no record of prepayment before, there will be no penalty. If the repayment has been made in advance, the applicant will not be fined if he applies again one year later.
Four. Liquidated damages for prepayment of ICBC mortgage: If prepayment is less than one year, 5% of prepayment amount will be charged as liquidated damages. If the loan is repaid in advance after one year, no penalty will be charged.
5. Default penalty for prepayment of domestic bank mortgage: If prepayment is less than one year, penalty interest of up to six months will be charged (calculated according to the loan interest rate on the prepayment date). If the loan is repaid in advance after one year, no penalty will be charged.
Liquidated damages for prepayment of bank of communications mortgage: when prepayment of mortgage, the minimum amount of partial prepayment shall not be less than 6 times of the monthly repayment amount, and the maximum amount shall not exceed 35% of the monthly repayment amount. Some advance payments can be paid back once a year for free. All prepayments are subject to liquidated damages, and 65438+ 0% of the current repayment amount is charged. However, the specific repayment amount needs to be implemented in accordance with the contract.
Seven. Penalty for prepayment of Guangfa Bank: If prepayment is less than one year, two months' interest will be charged as penalty. Repay the loan in advance after one year without any penalty.
Eight. Liquidated damages for early repayment of mortgage of China Everbright Bank: If the mortgage is repaid in advance for less than one year, 3%~6% interest will be charged as liquidated damages, which shall be implemented in accordance with the contract. Repay the loan in advance after one year without any penalty.
Nine, Shanghai Pudong Development Bank mortgage prepayment penalty: when the mortgage is repaid in advance, the prepayment is less than one year, and the charge is 1. 5% or 3% different interest, some don't charge liquidated damages, as stipulated in the contract. Repay the loan in advance after one year without any penalty.