First of all, you need to apply to the bank's credit department for early repayment, usually about 7 days in advance, and some banks require one month in advance. Mortgage is one of the most important businesses of banks, and the increase or decrease of mortgage scale is closely related to the profitability index of banks. The prepayment reservation system allows banks to control this goal well. For example, when the scale of bank loans is tight, bank staff will take the initiative to inform customers by phone that there is a discount for early repayment this month, and no penalty will be charged, so that you can speed up the repayment. In this way, the loan quota was released and the loan was given to people who had no quota before and could not afford it. For example, when the mortgage amount is loose, the bank will extend the appointment time, especially the important nodes (at the end of each quarter) will not repay in advance, which requires a significant delay to control the speed of scale reduction. In addition, the reservation system will also increase the bank deposit pool. The bank will tell you that you need to deposit the money into your account 15 days in advance when making an appointment for repayment. In fact, it is an indicator to increase bank deposits in disguise. Once the assessment period has passed, the money will be deducted immediately.

Secondly, some customers who prepay should pay attention. After partial prepayment, the general bank will have two ways to deal with it. The first way is to keep the repayment period unchanged and reduce the monthly repayment amount; The second is that the repayment period is the premise, and the monthly repayment amount remains unchanged. The banking system generally defaults to the first repayment method, so if you want to pay off as soon as possible, you need to take the initiative to apply to the bank for the second treatment method.

Third, for all customers who check out in advance. After paying off in advance, it should be noted that the bank will inform you to get the settlement certificate, other rights certificate, power of attorney and other materials in about 7 working days. After you get it, take the materials to the cancellation window of the real estate registration and trading center, and then give them to the staff for signature. The purpose of this is to cancel the previous bank claim. So that the house really belongs to you completely.

Related Q&A: What is the prepayment process of mortgage? Mortgage prepayment process: According to the regulations of the bank, customers who prepay generally need to submit a written application one week to one month in advance and agree on the repayment date. Then, according to the agreed date, bring your ID card and the loan contract signed with the bank, go to the bank to fill out the loan repayment application form and the prepayment agreement, and deposit the money to be repaid into the account where the principal and interest of the loan are withheld according to the requirements of the bank, and the bank will automatically deduct the money. Legal Basis "Interim Measures of China People's Bank for the Administration of Loans to Financial Institutions" Article 19 The People's Bank of China must adhere to the term management when issuing loans to financial institutions, and the loans must be recovered at maturity. When the loan expires, financial institutions should take the initiative to handle repayment procedures; If the repayment procedures are not completed at the due date, the People's Bank of China has the right to transfer the loan to the overdue borrower and deduct it from the depositor when necessary. After the loan of the People's Bank of China to a financial institution expires, if it is really difficult for the financial institution to repay it on time, it shall apply for extension in advance, and each loan can only be extended once, and the extension period shall not exceed the original period.