What information do you need to repay the loan in advance?
Generally, you need to make an appointment with the bank before repaying in advance, and you can consult the relevant policies of the loan bank for details. The process of repaying the loan in advance is:
Step 1: First, check the requirements of prepayment in the loan contract, and pay attention to whether it is necessary to pay a certain penalty for prepayment.
Step 2: Call the loan bank in advance to inquire about the application time and minimum repayment amount of the loan and other materials that need to be prepared.
Step 3: According to the requirements of the bank, apply for early repayment in person to the relevant departments.
Step 4: The borrower takes the relevant documents to the borrowing bank and goes through the relevant formalities of prepayment.
Step 5: Submit the prepayment application form and deposit the prepayment in the counter.
Not suitable for prepayment:
1, buyers who enjoy the benchmark interest rate of 30% -8.5% discount, because of the preferential interest rate, even if the difference in monthly supply before and after the interest rate adjustment will not exceed 100 yuan, so there is no need to repay the loan in advance;
2. average capital's repayment period has passed one third. Due to the large repayment in the early stage, there is still a small amount of loans left. Even if the interest rate is raised, the interest is not too much;
3. The repayment of equal principal and interest has reached the middle stage, because most of the interest has been paid off at this time;
4. If the buyers who need loans recently return the money to the bank at once, the benchmark interest rate may rise 10% to 30% or even higher when they apply for loans.
Provisions of the bank on penalty interest for prepayment:
Industrial and Commercial Bank of China
1, those who fail to pay for three years will be fined for three months without penalty interest for three years;
2. You need to apply one month in advance to repay the loan in advance. After about 65,438+00 working days, you take the real estate license to cancel the transfer.
agricultural bank
1, if the housing loan is less than one year, the penalty interest will be six months, and you need to apply for prepayment one month in advance;
2. If the housing loan is over one year and less than three years, it will be penalized for three months, and the transfer will be cancelled with the real estate license after about 7 working days;
3, more than three years of housing loans for one month.
China construction bank
1. If the mortgage is less than one year, the penalty interest will be three months. Repaying the loan in advance requires an application one month in advance;
2. If the housing loan is over 1 year and less than 2 years, it will be penalized for 2 months. After 1 working days, the transfer will be cancelled with the real estate license;
3, housing loans for two years and less than three years penalty for one month;
4, housing loans for more than three years without penalty interest.