Xiao Li bought a new house with a loan six months ago, but he needed to sell it because he needed money badly. He wants to know if everyone can do it. What procedures do you need if you can?
There is another case: Ms. Zhang is the boss of a private enterprise. Half a year ago, she borrowed 500,000 yuan from the bank in the form of equal repayment, which was scheduled to be paid off in 10. Because the company's profits have increased greatly recently, she wants to repay the loan in advance. However, after consultation, she was unable to repay in advance because the repayment time was less than one year. Repay the loan in advance, and it will take six months to do it. Because the equal repayment in the first year mainly pays interest, it is of little significance to repay the loan in advance after one year. Ms. Zhang believes that there is no provision in the contract, and she has argued many times, but the bank still refuses to give in.
There is a big obstacle to repaying the loan in advance, that is, the deadline. At present, general banks stipulate that it takes more than one year to apply for early repayment.
If there is no agreement in the contract, Mr. Wang Can has reason to demand early repayment. However, due to early repayment, the workload of the bank has increased, resulting in certain losses. When banks handle loans, they have certain labor costs and need certain interest to make up for them. But when is the right time, but there is no specific regulation. In order to avoid disputes, it is suggested that when signing a loan contract, buyers should have a full understanding of the terms that belong to the borrower's obligations or limit the borrower's rights and choose the contract rationally.
At present, many banks stipulate that it is necessary to charge a handling fee to repay the mortgage in advance if the loan is less than one year. In this way, repaying the loan in advance can not only save the loan cost for yourself, but also increase the loan cost for yourself. In addition, if the borrower uses provident fund loans, according to the relevant provisions of provident fund loans, the repayment should be made in advance after 1 year, and the amount returned should exceed the repayment amount of 6 months. Therefore, those who use the provident fund loan for less than one year will not be able to repay the loan in advance.
Therefore, many people began to plan these funds to repay the mortgage in advance after getting various year-end bonuses at the end of the year to reduce the repayment pressure. It is good to repay the loan in advance, but not everyone is suitable for repaying the mortgage in advance. If your housing loan time is less than one year, you don't need to repay the loan in advance.
After that, it should be reminded that even if the loan time exceeds one year, the borrower cannot repay in advance if it is overdue.