China bank mortgage prepayment process: 1, telephone reservation in advance 15 working days, the lender's name, ID number and specific repayment date are required. The purpose of making an appointment in advance is to let the credit account manager complete the formalities in advance and shorten the customer processing time. 2. After the appointment date expires, I will go through the formalities at the bank outlet for mortgage loan with my ID card and purchase contract. 3. After completing the formalities, the bank will issue the relevant settlement certificate, and the customer will go to the Housing Authority to change the house with the settlement certificate and other warrants. If it is a first-hand house, you need to go to the insurance company to surrender.
According to the regulations of China Bank, if the prepayment is less than one year, the penalty interest shall not exceed six months at the longest (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.