Most banks currently have citizensRepaying loans in advance
To charge 5% of the outstanding amount as a handling fee, such as Standard Chartered Bank. And takeEqual principal and interest repayment
And the citizens who have paid more than half of the time are not required to repay the loan in advance, because this kind ofRepayment
The interest expense is mainly concentrated in the early stage of repayment. If the repayment time is more than half, then you are nowPrepayment
The part is more of a principal and cannot save interest.