How to apply for early repayment, Agricultural Bank of China

What are the procedures for repaying the loan in advance? \ r \ n \ r \ Generally speaking, to repay the loan in advance, you need to make an appointment with the bank first. For details, please consult the relevant policies of the loan bank. The process of prepayment is: \ r \ n \ r \ Step 1: First, check the requirements of prepayment in the loan contract, and pay attention to whether there is a certain penalty for prepayment. \ r \ n \ r \ Step 2: Call the loan bank in advance to inquire about the loan application time, minimum repayment amount and other materials that need to be prepared. \ r \ n \ r \ Step 3: According to the requirements of the bank, apply in person to the relevant departments for prepayment. \ r \ n \ r \ Step 4: The borrower goes to the borrowing bank to go through the relevant formalities of prepayment with relevant certificates. \ r \ n \ r \ Step 5: Submit the prepayment application form and deposit the prepayment at the counter. \ r \ n \ r \ nPrecautions for prepayment: \ r \ n \ r \ nDon't forget to make an appointment with the bank in advance, and the waiting time can be up to one month. \ r \ n \ r \ nAt present, most banks do not charge liquidated damages for prepayment, but please ask before going through the formalities. \ r \ n \ r \ Banks have different restrictions on the number of early repayments and the minimum repayment amount each time within one year. Please consult in advance. \ r \ n \ r \ n nRemind borrowers that if property buyers pay off the loan balance in advance, they can apply to the insurance company for surrender. When surrendering, you should bring the insurance policy, the loan bank repayment certificate and other relevant documents (the original insurance policy is kept by the loan bank and the copy of the insurance policy is kept by the buyer) to the insurance company to handle the relevant surrender procedures. The refunded premium is: (actually paid premium-the loan amount is the premium that the buyer should pay according to the actual loan period) (1-5%). \ r \ n \ r \ nFive ways to repay the loan in advance \ r \ n \ r \ nFor the buyers who plan to repay the loan in advance, they should first understand the five ways to repay the loan in advance: \ r \ n \ r \ nRepay the loan in advance, that is, the customer pays off all the remaining loans at one time; \ r \ n \ r \ Partial prepayment, with the remaining loans keeping the same monthly repayment amount and the repayment period shortened; \ r \ n \ r \ Partial prepayment, with the monthly repayment amount of the remaining loans reduced and the repayment period unchanged; \ r \ n \ r \ Partial prepayment, the monthly repayment amount of the remaining loan is reduced, and the repayment period is shortened; \ r \ n \ r \ Individual banks allow borrowers to keep the remaining loan principal unchanged and increase the monthly repayment amount, thus shortening the repayment period.