Calculation of Penalty Interest Because all banks in China are independent, the regulations of each bank are different. Generally, a penalty interest is charged for a certain month according to the repayment amount, such as one month's penalty interest, or two months, three months or six months. There are also some banks that directly charge a fixed amount, such as a sum of 2,000 yuan or 3,000 yuan, which is also agreed in the loan contract.
For example, if you take a mortgage with a loan interest rate of 4.9%, you pay back 6.5438+0.00000 * 4.9%/654.38+0.2 months' monthly interest =408.33 yuan. If only one month's interest is charged as liquidated damages, it will be 408.33 yuan, if it is three months, it will be 1224.99 yuan, and so on.
At present, there are two common prepayment amounts: one is an integer multiple of 1 1,000 yuan; The other is more than six times the monthly payment, and it is an integer of ten thousand yuan.
Do you want to repay the loan in advance? If you are a provident fund loan (the current interest rate is 3.25%) or you are the first home loan, and the interest rate is below the benchmark interest rate (4.9%), then I don't recommend you to repay in advance, because these two interest rates are too low. If you put money on the bank's wealth management products (more than 5% are everywhere), you will earn more than the interest you pay on the bank mortgage, and the money for purchasing wealth management will be needed at any time.
Under normal circumstances, it is generally necessary to meet certain conditions to handle the prepayment of mortgage loans. For example, when the repayment expires 1 year, the prepayment amount needs to reach a certain amount, but different banks have different regulations.
Let me give you a few rules for banks to repay mortgages in advance.
I. Agricultural Bank of China
If the Agricultural Bank repays the loan in advance for less than one year, it will not be accepted. Special circumstances (such as the use of monetary funds for demolition) can be considered, but one month's interest needs to be paid at the same interest rate;
After one year of repayment, the lower limit of early repayment is 6 times of the normal monthly repayment amount. For example, if you repay 654.38+00000 yuan per month, the prepayment amount must be more than 60000 yuan. Repay 20,000 yuan per month, and the prepayment amount must be above 6,543,800 yuan+0,200 yuan. If the conditions are met, there is no penalty for prepayment.
In addition, if the prepayment amount is 6 -24 times of the normal monthly repayment amount, the repayment period cannot be changed; The prepayment amount is more than 24 times of the normal monthly repayment amount, which can reduce and shorten the repayment period.
Two. Industrial and Commercial Bank of China
ICBC can apply for prepayment at most once a year, and the repayment period must be more than 6 months, and the prepayment amount must be more than 6 times of the monthly payment.
At present, there are three ways of prepayment. Pay in one lump sum; It is also a part, the monthly payment is unchanged and the repayment period is reduced; Still a part, the fixed number of years remains unchanged, and the monthly supply is reduced.
In terms of liquidated damages, if the prepayment is less than one year, 5% of the prepayment amount will be charged as liquidated damages; Repay the mortgage in advance after one year, without penalty.
Third, China Merchants Bank.
At present, China Merchants Bank does not have too many restrictions on prepayment of mortgage loans. As long as the prepayment amount is above 1 0,000, prepayment can be made, but the principle is that the prepayment amount is a multiple of 1 10,000.
At present, merchants need to pay a certain amount of liquidated damages for repaying mortgages in advance. If the prepayment is less than one year, the interest shall be charged for not less than three months. If the repayment is made in advance after one year, the interest not less than the actual repayment amount will be charged for one month.
At present, most people choose to return the house in advance. Under normal circumstances, they need to meet certain conditions before they can handle it. For example, if they need to repay a house for more than one year, they need to reach a certain amount in advance. Every bank has different rules. Next, I will list some banks for you.
ICBC: ICBC can only apply for prepayment once a year, the repayment must be more than 6 months, and the prepayment amount must be more than 6 times of the monthly payment.
At present, there are three repayment methods: one-time payment; Still a part, the monthly supply remains unchanged and the number of years is reduced; It is also a part, the monthly payment is reduced, and the fixed number of years remains unchanged.
Liquidated damages: if the prepayment is less than one year, 5% of the prepayment amount will be charged as compensation; Repay the mortgage in advance after one year, without any penalty.
Agricultural Bank of China: Repayment less than one year in advance is not accepted. Special circumstances (such as monetary funds moving, moving, etc.) can be considered, but it needs one month's interest at the same interest rate.
Repayment method: the prepayment amount is 6-24 times of the normal monthly repayment amount, and the repayment period cannot be changed; The prepayment amount is more than 24 times of the normal monthly repayment amount, which can shorten the repayment period.
Liquidated damages: after one year, the lower limit of early repayment is 6 times of monthly repayment. For example, if you pay 5,000 yuan a month, the advance payment must be above 30,000 yuan; If you pay 1 0,000 a month, the prepayment must be above 60,000, and so on. There is no penalty for prepayment after meeting the conditions.
China Merchants Bank: There are not many restrictions on prepayment. As long as the prepayment amount is more than 654.38+ 10000 yuan, prepayment can be made, but the principle is that the prepayment amount is a multiple of 10000 yuan.
Liquidated damages: if the prepayment is less than one year, the interest not less than the actual repayment amount will be charged for three months; If the repayment is made in advance after one year, the interest not less than the actual repayment amount will be charged for one month.
I suggest you compare several banks and choose the bank with good repayment method and less liquidated damages to apply for a loan.
There are many commercial banks, and each one is different. The specific situation depends on the specific loan contract.
It is basically impossible to repay the loan in advance within one year, but the specific situation is subject to the bank loan contract or negotiation with the bank. Most of the banks have to pay back one year, and even some banks have to pay back three years before they can repay in advance.
If you can repay in advance, there is no regulation, but you may charge corresponding liquidated damages (most banks will charge them), and the amount of liquidated damages depends on the specific standards of various commercial banks, which varies greatly. Some only charge one month's interest as liquidated damages, while others charge up to ten months' interest as liquidated damages.
The calculation method of liquidated damages is: liquidated damages = prepayment amount * loan interest rate/12* months received. For example, if the prepayment is 65438+ ten thousand yuan, the loan interest rate is 5%, and three months' interest is charged as the penalty, then the penalty is 65438+ ten thousand * 5%/ 12 * 3 = 1250 yuan.
However, if the loan interest rate does not rise significantly, there is no need for prepayment. After all, the mortgage interest rate is low, and low-risk financial management with a yield of 654.38+10,000 yuan around 5% is everywhere. Financial management can effectively adjust the allocation of assets, and there is no need to refinance to pay higher interest when funds are urgently needed, which can ensure the liquidity of funds.
I have been engaged in the financial industry for many years, and I am very happy to share this issue with you.
Under normal circumstances, banks will have two regulations, which are introduced below.
I. Provisions on prepayment
In the process of loan, the customer will sign a loan contract with the loan bank, and the contract makes binding provisions on early repayment, requiring the customer to repay in advance after one year. Of course, each bank will have different regulations on the time of prepayment. Be sure to look at the loan contract.
Second, the provisions of default interest.
Housing loan, the loan period is relatively long, if you want to repay 65438+ million in advance, it belongs to partial repayment. In the loan contract signed between the bank and the customer, penalty interest is charged for early repayment. Different banks have different regulations on the collection of penalty interest, some charge penalty interest monthly according to part of the repayment amount, some charge penalty interest for one month, and many charge penalty interest for two months, three months and six months. There is also a penalty interest, which is charged as a percentage of the repayment amount. There is an agreement in the loan contract.
If the interest rate of a mortgage rises by 10% according to the benchmark interest rate and the interest rate is 5.39%, then the interest for one month is 44.92 yuan, and the prepayment is 6.5438 million yuan, so the penalty interest for one month is 449.2 yuan.
After this 6,543,800 yuan, the bank will not charge interest.
According to the information I have, these are basically two aspects. I hope my answer can help you!
There are generally no rules.
But look at the contract you signed. If you can't remember, you can call the bank you borrowed.
Just like my mortgage, the bank gave a notice to a customer after handling the loan, which clearly stated that there was no need to pay liquidated damages for early repayment, but the amount of early repayment could not be less than 50 thousand. You just need to bring your ID card and bank card to the bank where you borrowed money to repay it. After repayment, the bank will reprint a repayment schedule.
So I think it's very correct that you want to repay 654.38+10,000 yuan in advance in less than one year, because most of our monthly repayment is interest, just like I repay 3,000 yuan a month, and the principal only accounts for 600 yuan, and the rest is interest, so it's very necessary to repay now, and the sooner the better.
And if you have paid back for ten years, there is no need to pay back in advance. Because in the first ten years, all you paid back was interest, and then you paid back the principal slowly.
A few days ago in Suzhou, in order to cooperate with the government to regulate housing prices. China's four major banks: Bank of China, China Construction Bank, Agricultural Bank of China, and Industrial and Commercial Bank of China also announced that from August 1 day, customers will pay off their loans in advance within five years, and they will be charged liquidated damages. And this fine is not a small amount. Calculation formula of liquidated damages: prepayment amount, monthly interest rate (4.9%) 6. If the loan is repaid in advance, 1 00000 will cost 2940 yuan, almost 30000100000, and the houses in big cities are far more than100000.
Whether you can repay the loan in advance without invitation depends on the terms of the mortgage contract.
The author's mortgage contract clearly states the following points:
1. You can repay the loan in advance after one year of repayment.
2. Only 1 time can be repaid in advance every year, and the amount is an integer multiple of 1 1,000 yuan.
3. It is necessary to apply to the bank in advance before repaying the loan, and the related process of repaying the loan in advance will be carried out after approval.
Then follow the relevant procedures to apply.
Owners only need to pay attention to what is written in the loan contract to know whether they can repay in advance. In addition, as far as I know, few banks will allow prepayment within one year.
Your situation belongs to mortgage prepayment, which depends on the specific situation of each bank.
According to the general bank mortgage contract, if customers want to repay in advance, they will be restricted by certain conditions of the bank. For example, partial prepayment can only be selected after the loan is released 1 year, and the number of prepayment is once or twice a year, which may be different for different banks.
Then why do banks make these rules? Because there are many mortgage customers in the bank, if customers frequently make partial prepayment, then the bank needs to spend a lot of manpower to deal with these problems, thus affecting the development of other business of the bank.
Banks certainly welcome customers to prepay, which is very convenient as long as it conforms to the rules set by banks.
The above is my personal view on this issue, and I hope it will help you.
Please pay attention to "Lao Xu Talk about Finance" and exchange financial issues at any time!
This depends on your loan type, loan amount and loan term.
First of all, loans are divided into consumer mortgage loans, commercial mortgage loans, credit loans, commercial credit loans, tax bill loans, housing mortgage loans and so on. Different loan types have different repayment methods, such as equal principal and interest, average principal, interest first, interest after five years as planned, principal after ten years and so on!
Secondly, what is your loan amount this time? If your loan amount is more than100000 yuan, it may be a little difficult if you only want to settle part of it, because the contract amount signed by the bank with you is fixed. If100000 is to be paid back, the remaining interest principal agreed in the contract will be paid back slowly, and the bank will have to sign a new contract and go through notarization procedures again, which will increase the workload of the bank.
Besides, how long is your loan term? The loan term is generally divided into short-term 1 year, 2 years, 3 years, long-term 5- 10 years or even 20 years. No matter how long you have signed the contract and want to repay in advance, as long as you don't reach the time agreed in the contract, you will be charged a penalty more or less (some will repay in advance after half a year), and even if you can repay in advance, you will be required to pay it off in one lump sum.
These are all possible problems in different situations. If you really want to repay in advance, the landlord has to find out the original contract and see how it was agreed. Or talk directly to the business person who handled it for you at the beginning.