If you can repay in advance, you can save interest costs. Generally speaking, it is cost-effective to save costs.

Prepayment process:

1. The process of repaying the loan principal in advance is as follows:

2. Call the loan bank and ask for repayment of the loan principal in advance;

3. After the bank agrees, bring my ID card, loan contract, repayment card, property certificate or house purchase contract to the outlet designated by the bank;

4. Give the information to the staff at the prepayment window, and they will give you a list and go to the bank counter to handle it;

5. deposit the money in the repayment card at the bank counter, and the bank will automatically deduct it. After deduction, the borrower's deduction document will be given;

6. The lender will hand over the deduction document to the staff at the repayment window, and the bank will give the lender the settlement voucher;

7. After that, the bank staff will take away his rights and go to the Housing Authority with the lender to cancel his rights;

8. After the cancellation of his other rights, the house is a full house with no debt problem;

9. End of advance payment.