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Five Banks Prepayment Rules for Loans

Time: 2016-11-23         Source: Financial 360 finishing         Author: 360 Financial consolidation

1. Merchants BankPrepayment: If the customer has the right to certify the mortgage in the bank, it usually takes three to four working days in advance to make an appointment. If you do not have a mortgage, you can make repayments at any time without making an appointment in advance. If the customer opens the self-service repayment function, they can use the telephone banking and online banking at any time.Repayment in advance, No need to go to the business outlets to handle the relevant procedures for early repayment. If the customer goes to the counter to apply for repayment in advance by the China Merchants Bank, he or she can only apply with a valid ID. As for whether China Merchants Bank’s prepayment in advance will charge liquidated damages, it depends on the contractual arrangements between the customer and the bank. If there is no such contract in the contract, there is no need to collect liquidated damages in advance.

2. ICBC repayment ahead of schedule: For ICBC's prepayment repayment regulations, the staff of the Tieling Branch of ICBC said that the customer brings his original ID card, ICBC bank card or passbook for repayment, and loan contract to the original loan handling office. Fill in the form and submit a written application. After the bank approves the approval, apply for a partial or full advance repayment of the loan. ICBC’s prepayment approval deadline is about one week. The liquidated damages will be collected according to the loan contract and will be processed at other branches of ICBC. For the first repayment, please consult the staff of the bank.

3. Agricultural Bank of China repays the loan in advance: The customer should generally repay the loan and interest in accordance with the loan contract agreed upon by both the lender and the loaner. If the situation is special, it is really necessary to repay the loan in advance. A written application should be submitted to the handling office in advance, and the approval shall be given with approval. Apply for advance loan repayment procedures. When applying for loan repayment in advance, customers should provide their own ID card, early loan repayment application and loan contract. Whether or not to collect liquidated damages in advance of loan repayment shall be handled in accordance with the provisions of the loan contract.

4. Bank of China repayments in advance: before 2005Mortgage, The client himself went to the Bank of China Jinhua Branch on Tuesdays and Thursdays to apply for early repayment procedures without an appointment. After the mortgage loan is processed after 2005, the customer himself will use the ID card, the repayment account, or the Bank of China bank card to handle the loans. The penalty for default on loan repayment in advance is charged according to the contract. Whether or not to apply for loan repayment needs to be booked in advance. The staff of the handling outlets must have different requirements for different outlets.

5. CCB repayments in advance: Customers who need to repay loans in advance need to apply to the original loan handling agency and make an appointment one month in advance according to the contract. In actual operation, some handling agencies are on-the-spot, and some are handled according to the appointment time. Customers are advised to contact the handling agency in advance. Whether to charge liquidated damages in advance, according to the relevant provisions of the contract. You need to bring your original ID card and your repayment account (or savings card) with you.

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