Changan Finance allows prepayment.
Changan Finance prepayment method: 1. Call the human customer service of Changan Finance to communicate the advance payment. 2. Chang 'an Gold. 3. Deposit the prepayment amount into the debit card. 4. proof of settlement.
If you repay the mortgage in advance, you have to pay interest. If the mortgage is repaid in full in advance, then the interest will not be repaid in the future, only until the borrower pays off the loan. For example, the borrower's mortgage term is 30 years, and he chooses to repay it in full in advance in the fifth year, so the interest for the next 25 years will not be repaid.
However, if partial prepayment is selected, it will be calculated according to the loan interest rate agreed in the future interest contract, that is to say, if partial prepayment is made, the future interest will still be paid.
It should be noted that there is no need to repay the mortgage interest, but banks generally charge a penalty ranging from 1% to 5%, and some will charge interest for 2-3 months as a handling fee, so before applying for prepayment, you'd better consult the bank and then decide whether to repay the loan in advance according to the information.
1. Make an appointment with the loan bank in advance.
The time to repay the loan in advance does not depend on your mood, and the bank needs to approve it first. Only you can repay the loan in advance. Therefore, when you plan to repay the loan in advance, you'd better do it one week in advance.
2. Repay the loan fee first.
For repaying the loan in advance, the bank will charge a certain fee, and the most common one is liquidated damages. Banks are different, and buyers had better consult the loan bank first.
There is a limit to the amount of prepayment.
Partial repayment in advance, the minimum repayment amount is 6,543.8+0,000 yuan, and the repayment amount must be an integer multiple of 6,543.8+0,000 yuan.
4. Ask to repay the loan in advance.
Most banks have requirements on the time to repay loans in advance, such as repaying loans in advance. So if the repayment time does not meet the requirements, it is impossible to apply for early repayment.
5. There are many requirements for prepayment of portfolio loans.
Many property buyers have taken portfolio loans, thinking of repaying loans in advance and paying commercial loans first, but the results were rejected. The reason is that when the portfolio loan is repaid in advance, not only one of them can be repaid, but a certain proportion must be maintained.
Second, how to calculate the penalty for returning the car loan in advance?
At present, the contract of general finance companies stipulates that the repayment shall not exceed one year, and 8% of the remaining repayment amount shall be paid as liquidated damages, and 5% of the remaining repayment amount shall be paid after one year. What you should do is the kind of 5050 loan. The specific terms can be seen in the loan contract in your hand. There are detailed rules on it.
3. How to calculate the penalty for prepayment of Changan Finance?
If Changan Finance repays the loan in advance, the penalty is generally 3% of the total loan. For details, you can also log in to the app to view the terms of the loan contract. Liquidated damages have been agreed upon when applying for a loan.
4. What is the prepayment process of Changan Automobile Finance?
1. The approximate amount that the customer has prepared to repay.
2. Then, call the financial specialist of the dealer who gave you the car loan to make it clear that you intend to repay in advance.
3. They will apply to the finance company for your prepayment, and then they will tell you the exact repayment amount (penalty for unpaid amount) and the latest deduction time, usually Tuesday.
4. Within the agreed time, you deposit the repayment amount into the bank card you use for repayment, and the financial company will deduct your repayment amount in one lump sum at the set time to settle the loan.
5. Send your registration certificate back to the dealer within one month and inform you to complete the mortgage cancellation procedures. After that, the real right to use and trade this car is yours. General financial prepayment is subject to liquidated damages, and there is no interest. Since your loan term is three years, you need to pay 8% of the outstanding amount for prepayment in the first year and a half, and 5% of the outstanding amount for prepayment in the second year and a half.
I suggest you first look at your repayment schedule, how many months of interest are left before prepayment, calculate the loan time and unpaid amount, and calculate whether there is more liquidated damages or interest. If the interest rate is high, apply for prepayment.