There are three types: the loan period of the partial repayment loan is unchanged, the prepayment of the repayment part of the loan is shortened, and the loan repayment period is fully paid in advance.
1. If the mortgage is paid off in advance, the interest will not be paid in the future; if it is partially repaid in advance, the remaining loan interest will be recalculated, but the early repayment requires an early repayment of some 1% of the liquidated damages (or Call the fee).
2. Does it need to pay the handling fee in advance? The state has large-scale work, agriculture, China, construction, and exchange. The Bank of China does not charge the fee for advance repayment, and ICBC needs to charge 2~3 months of interest as a handling fee. Other banks Then you need to receive 1 month interest. Among them, the Agricultural Bank of China will charge one month's interest in the loan within three years as a handling fee, and will not charge the fee after three years. Most joint-stock banks have indicated that they do not charge fees. andShanghai Pudong Development Bank
It means that if you pay two years in advance, you need to charge a handling fee of 3% of the repayment amount. After two years, you will not charge the handling fee.
Foreign banks generally charge differential fees based on the number of years they have repaid. Such asCitibank
After one year, the repayment will be charged 2% of the repayment amount. After two years, the fee will be reduced to 1%. After three years, the handling fee will not be charged. HSBC will not charge the fee in advance after three years, two years. After repayment in advance, at least 20,000 yuan will be charged, and a repayment of one year will be charged at least 30,000 yuan.
3, the time of early repayment Most banks require at least one year before they can applyRepaying loans in advance
However, there are also some banks that can apply for early repayment at any time. In state-owned banks, BOC and CCB need to repay their loans for one year before they can apply for early repayment. ICBC needs half a year to repay loans in advance. In addition, banks such as China Merchants Bank, Bank of Communications, and East Asia all need to apply for early repayment after one year. Hua Xia Bank said that it can apply for repayment at any time. The general mortgage loan amount is large. If there is no special reason, few customers will repay the loan in advance within one year.