Car mortgage can be repaid in advance for three years, but it needs to pay liquidated damages. Not only is overdue repayment a breach of contract, but early repayment is also a breach of contract. This is because the interest charged by the bank before signing the contract is the profit of the bank in this transaction. If prepayment is not a breach of contract, banks need to bear the loss of profits caused by prepayment. Precautions for prepayment: 1. A written application for prepayment shall be submitted at least one week in advance; 2. You need to provide the borrower's valid ID card, loan contract, driving license and other related materials, and you can call the local bank to inquire before prepayment; 3. Calculate the amount of liquidated damages in advance, and it will be more convenient to check at the counter. You don't have to pay the full amount in advance, you can pay part of it first, but the regulations of major banks are different. You can call the bank in advance to find out the situation.

Can a loan of three years and a few days be repaid in advance?

Yes, according to the regulations of most banks, users can repay their mortgage in advance after 1 year. If it is less than 1 year, it is impossible to apply for prepayment. Regarding prepayment, there will be an agreement in the mortgage contract, and users can find relevant contents to check. It will explain when the prepayment can be made and whether there is a penalty for prepayment. Starting from August, mortgage lenders will not be allowed to repay in advance under the following circumstances. The first is that the contract is clearly not allowed; Second, there is no application in advance; The third is to exceed the frequency limit; Fourth, the loan repayment application failed; Fifth, the repayment time is short, which means that if your mortgage repayment time is not up to standard, it is not allowed to repay the loan in advance.

First, the principle of loan.

The "three principles" refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation. Article 4 of People's Republic of China (PRC) Commercial Bank Law stipulates: "Commercial banks should operate independently, bear their own risks, be responsible for their own profits and losses, and be self-disciplined, and take safety, liquidity and efficiency as their operating principles."

1, loan security is the primary problem faced by commercial banks;

2. Liquidity refers to the ability to recover the loan within a predetermined period or realize it quickly without loss of land, so as to meet the needs of customers to withdraw deposits at any time;

3. Efficiency is the basis of sustainable operation of banks.

For example, if a long-term loan is issued, the interest rate will be higher than that of a short-term loan, and the benefit will be good. However, if the loan term is long, the risk will increase, the security will decrease and the liquidity will weaken. Therefore, the "three natures" should be harmonious, so that there can be no problem with the loan.

Second, the repayment method

(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;

(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.

(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.

(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.

The loan can be repaid three years in advance.

You can repay in advance.

1. If the loan needs to be repaid in advance, you can apply for prepayment after six months of normal repayment according to the regulations, and some banks need more than 1 year to apply. People's income is gradually improving, and personal repayment ability is also improving. More and more people choose to repay in advance, or they can pay less loan interest.

2. liquidated damages: some banks have to pay a part of liquidated damages, which is different from bank to bank. For example, the penalty of China Construction Bank is about 3% for less than one year, 2% for more than one year but less than two years, and 1% for more than two years but less than three years. For China Bank, if the loan repayment is less than one year, the maximum interest on liquidated damages will not exceed six months, and no liquidated damages will be charged after one year.

3. Advance repayment needs to be explained in advance, and the applicant applies to the bank with his ID card, loan contract, repayment savings card and other materials.

The mortgage has been paid for three years. Is prepayment appropriate?

According to the regulations of most banks, users can make prepayment after mortgage repayment 1 year. If it is less than 1 year, it is impossible to apply for prepayment. Regarding prepayment, there will be an agreement in the mortgage contract, and users can find relevant contents to check. It will explain when the prepayment can be made and whether there is a penalty for prepayment.

You can apply for early repayment if you have sufficient funds. There are two ways to repay the mortgage in advance:

1. Pay off all in advance. It is not difficult for the borrower to pay off the loan in one lump sum. At this time, you can take the relevant materials to the Housing Authority to cancel the mortgage, and you will have full property rights of the house.

2. Repay part of the loan before the repayment period. There are two kinds of loans that are repaid in advance before the repayment period:

(1) The monthly repayment amount remains unchanged, shortening the repayment period; The monthly repayment amount is reduced, and the repayment period remains unchanged. The advantage of the former is that it can reduce interest and save a sum of money;

② It can reduce the monthly payment and ease the repayment pressure. The borrower can choose the way to repay the mortgage in advance according to his actual situation. When repaying the mortgage in advance, you may wish to consult the loan bank first.

Why can ABC repay the mortgage three years in advance?

Hello! The handling method of prepayment of personal housing mortgage loan of Agricultural Bank of China is as follows: When the borrower applies for prepayment of mortgage loan, he must submit a written application to the lender at least 30 days in advance and get the consent of the lender. As the actual situation varies from place to place, please contact the Lender's account manager for communication. The information to be carried in the prepayment of individual housing loan is the borrower's identity document, the individual housing loan guarantee contract and the original housing loan repayment card (discount), and an application shall be submitted to the original loan agency in advance according to the contract. Please consult your local loan bank for details. The collection standard of liquidated damages for prepayment is based on the loan contract signed by the customer and our bank. Please check the loan contract or contact the loan agency for verification.

(Answer time: 165438+20221October 07. In case of business changes, please refer to the actual situation. )

How to calculate the interest of Ping An Bank loan three years in advance?

Interest calculation for repaying the loan three years in advance:

Because the borrower's production and operation situation or other circumstances will change, sometimes the borrower will repay in advance without borrowing funds. If the parties have an agreement on early repayment in the loan contract, it is necessary to determine whether it is approved by the lender and how to calculate the interest according to the agreement.

If the parties have not agreed on prepayment in the contract, and prepayment does not harm the interests of the lender, the interest may be calculated according to the actual loan term without the consent of the lender; If the prepayment damages the interests of the lender, the lender has the right to refuse the borrower's prepayment request.

If the Lender agrees to prepay, it shall be deemed that the Lender agrees to change the performance period of this Contract, and the Borrower shall pay the Lender interest according to the changed period, that is, the actual loan period. There may be two main changes in repayment interest:

1. For example, after the repayment has been partially paid, if the principal is repaid in equal amount, the interest will gradually decrease with the decrease of the repayment amount [2].

2. On the other hand, if the national policy changes, such as interest increase, then the repayment date, such as May 1 day, coincides with the policy in June, and your interest will change with the policy change in the following year 1 month 1 day.

Extended data:

Advance payment:

There are two kinds of prepayment, one is partial prepayment and the other is full prepayment.

Full prepayment refers to one-time settlement of mortgage principal and interest. After all prepayment, the interest shall be calculated from the date when the principal and interest of the bank are paid off, and shall be paid off later.

Partial prepayment means that only a part of the loan principal and interest is repaid, and the remaining principal and interest are not settled. The remaining loan interest is still subject to the loan interest rate agreed in the original loan contract.

There are two repayment methods to choose from for the part of the outstanding loan balance repaid in advance. One is to shorten the repayment cycle, and the monthly payment is inconvenient; Second, the repayment period remains unchanged, reducing the monthly payment. In contrast, the first one can save more interest.

Some banks will charge a certain fee for prepayment. ICBC needs to charge 2-3 months' interest as handling fee, while ABC, BOC and BOCOM charge one month's interest. Among them, the Agricultural Bank of China will charge one month's interest for prepayment within three years, and will not charge it after three years. Shanghai Pudong Development Bank said that if repayment is made 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.

In addition, it should be noted that most banks require repayment for at least one year before applying for early repayment. If buyers want to apply for early repayment, they should pay attention to the relevant requirements in the loan contract, otherwise they may have to pay a certain penalty.