The process usually takes a week, but it takes a month to actually apply. To remind you, you have to pay more than one month of interest, because youPrepayment
It is a breach of contract, which makes the bank earn less interest.
Personal housingMortgage Loans
In advance, in principle, after signing the loan contract for one year (including one year), each bank currently stipulates that in the borrowing period and one year after the loan is issued, the bank may apply in advance to return the part in advance. Or all loans.
Repayment in advance is more lenient, allowing the public to repay the loan at any time after the loan is issued, as agreed in the contract. It is a pity that if you only pay for part of the early repayment, you have to wait for one year after the loan, and generally do not accept it within one year.
There are two cases of pre-returning personal housing mortgage loans: one is to repay all the loans in advance, that is, after the borrower repays part of the loan, the remaining loan principal is paid off in one lump sum. In this regard, banks naturally do not need to limit the amount.
The other is partial prepayment, in which the borrower repays part of the loan in advance during the repayment process. At present, several banks in Shanghai are stipulated by the public for the first time.Repaying loans in advance
At the time of application, at least one-time payment equal to 6 times the amount of the original normal monthly repayment amount should be repaid. Contact the loan bank and go to the bank or deposit into the corresponding bank account. Liquidated damages are agreed in your loan contract, generally 1% to 3% of the repayment amount.