1. Ask the lending bank if it is possible to repay the loan in advance, or make telephone consultation; If prepayment is agreed, the lender shall go to the bank with ID card (temporary residence permit is required for foreign buyers), loan contract and other documents; Fill in the application form and submit the application for prepayment.
2. According to the requirements of the bank, deposit sufficient repayment amount into the repayment account of the bank; Go to the bank to sign relevant documents; Get back the certificate of other rights, the certificate of full repayment of the loan, the original mortgage insurance contract, the relevant documents and some documents of the cancellation of the mortgage of the real estate license.
3. Go to the real estate management department (such as the district and county housing management bureau) to go through the mortgage cancellation procedures. The real estate department will take back his right certificate and stamp your real estate license, indicating that the mortgage has been cancelled. When the insurance company going to apply for insurance returns part of the insurance money, it should provide the original and photocopy of the mortgage insurance policy contract, insurance policy, certificate that the bank has paid off the loan, ID card and other documents, and then fill out the form to receive the remaining insurance money after settlement.
4. After applying for early repayment, it only takes a few working days, and then it can be completed within one month. During the processing, the bank staff will make an appointment with you by telephone in time to inform you of the next processing procedure.
Generally, there is no handling fee for this process. Some banks may charge some liquidated damages for your early repayment, which are proposed by the bank when negotiating with the bank for early repayment. It is understood that banks generally do not charge liquidated damages to ensure the safe recovery of loan funds.
Housing loans need to be repaid in advance.
1, telephone reservation for prepayment. The appointment telephone number is generally available in the loan contract. If not, you can call the customer service phone of China Merchants Bank directly. The relevant information of the quasi-principal prepayment generally includes the borrower's identity certificate, loan contract, repayment account (bank card, passbook) and other materials required by the bank.
2. Prepare the materials needed for prepayment and go through relevant formalities at the agreed time and place. Go through the formalities and deposit the money in the account. The advance payment has been completed. In addition, for how long it takes to complete the prepayment of China Merchants Bank, you need to make an appointment with the handling bank by phone first, depending on the regulations of the handling bank.
3. Once a personal loan customer chooses to go to the bank for prepayment, the prepayment amount is generally not reusable. You need to know the relevant regulations of the bank on prepayment, and then decide whether to handle prepayment after weighing the pros and cons.
Extended data:
According to the different repayment methods, the borrower can choose to reduce the term or amount. It is understood that at present, most banks can provide five ways to repay loans in advance for customers to choose from.
1. prepayment, that is, the customer pays off all the remaining loans at one time. (There is no need to repay the interest, but it will not be refunded if it is paid)
2. Some loans are repaid in advance, and the monthly repayment amount of the remaining loans remains unchanged, shortening the repayment period. (save more interest)
3. Partial prepayment, the monthly repayment amount of the remaining loan is reduced, and the repayment period remains unchanged. (Reduce the monthly payment burden, but less than the second type)
4. For partial prepayment, the monthly repayment amount of the remaining loans will be reduced and the repayment period will be shortened. (save more interest)
5. The total principal of the remaining loans remains unchanged, but the repayment period is shortened. (The monthly payment will increase and the interest will decrease, but it is relatively uneconomical.)
References:
Baidu encyclopedia-repaying loans in advance