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How to calculate the prepayment interest of Guilin Bank's fast loan?
The loan interest shall be calculated before the deadline of repayment date, and no interest shall be calculated after repayment. Interest on early repayment of quick loan of Guilin Bank The loan interest shall be calculated before the deadline of repayment date, and no interest shall be calculated after repayment. After the application to the bank is approved, the loan and interest will be paid off at the time of repayment. If part of the repayment is made in advance, interest will not be charged for the repayment part, and interest will still be charged for the unpaid part according to the charging method agreed in the contract. According to the regulations of the bank, the loan can not be applied for early repayment until it is over one year. If they don't repay in advance for one year, they need to pay liquidated damages. Different banks have different regulations on liquidated damages for early repayment.