Home >Loan calculator> Car Loan Calculator       > How to pay for loans in advance

How to pay for loans in advance

Time: 2017-01-19         Source: Financial 360 finishing         Author: 360 Financial consolidation

The repayment procedures for different car loan methods are different, and there are different rules for whether to pay the late payment loan in advance.

General bank car loanPrepaymentIt is necessary to make an appointment about 15 days in advance. Different lending institution regulations are different. Specifics can be applied to the applicant department. After the appointment is made, the relevant information required for early repayment will be prepared in accordance with the scheduled time and place, and will be ready at the place of reservation.

Information required for early repayment of personal car loans, including personal identification cards, and bank-signedLoan to buy a carThe contract, the loan repayment application form completed by the bank, and the repayment statement for the previous monthRepayment in advanceAgreements and other information required by the bank. After preparing these materials, the information will be submitted to the bank staff and handled by the staff. The final loan applicant can deposit the advance repayment amount into the bank.

It should be noted that early repayment will result in liquidated damages, especially if the loan for a car is less than one year old, most banks will charge a penalty penalty, and the penalty for payment is still relatively high, so before the decision to repay the loan in advance , Loan car buyers should be in advance to estimate the cost of repayment, to see if early repayment is worthwhile.

In addition, if you choose to make a one-time early repayment, usually the bank will have provisions for the time to buy a car loan, for example, some banks provide a one-year limit, the minimum amount of early repayment is six times the normal monthly repayment amount. If you do not pay off at one time, the phased purchaser can choose the treatment method according to the bank's regulations and his own financial status. After the loan is settled, the loan applicant shall return the legal evidence and relevant supporting documents to be collected by the bank with his valid identity certificate and the loan settlement voucher issued by the bank, and the loan shall be cleared to the original mortgage registration department for cancellation of mortgage registration. formalities.

【Exclusive Manuscripts and Disclaimer】 All works marked as “Future 360 ​​Original” must be reproduced, excerpted or otherwise used by any entity, organization or individual without authorization in writing. Has been authorized in writing, indicating the source melts 360. Violations of the above statement inflicted violations of the 360's legal rights will be legally pursued. The materials and conclusions in the work are for reference only and do not constitute operational recommendations. For written authorization, please email: academy@rong360.com

Comment list (User comments are only for users to express their personal views, does not mean that this site agrees with their views or confirms their description)
you may also like
  • Can loans be repaid before buying a car? Question: Melt 360 loan expert, hello! Will the loan be paid in advance to repay the car? Financial 360 loan expert reply: Hello! Yes, it is okay if the user proposes to pay the remaining car payment once in the payment period. But to inform the lending bank in advance, pay the clear month...
  • Can car mortgage loans be repaid in advance?  Of course yes. Whether it is a bank or an auto finance company, there are rules for early repayment of auto loans. Some are required to apply for early repayment after the mortgage is full for one year. This way, there is no liquidated damages. There are also some automotive finance companies that can...
  • How to buy insurance after loaning a car?  After buying a car with a loan, choosing a reasonable insurance is a problem encountered by many novices. The automobile insurance is classified into basic insurance and additional insurance according to its importance. The basic insurance includes: vehicle loss insurance and third party liability insurance. Additional risks include: full vehicle robberies, vehicle liability insurance, glass...
  • CITIC Bank to study loans in advance how to repay?  CITIC Bank's loan for study abroad can be handled directly on personal Internet banking. After logging in to personal online banking, you can click on a personal loan to enter the study abroad loan page. CITIC Bank's loan for study abroad can be up to 1.5 million yuan. Then for the repayment problem, CITIC Bank will study abroad...
  • How to pay in advance for micro-lending?  Now Weizhong Bank’s micro-lending can be used for both hand Q and WeChat dual-channel loans. Both of them now use white list promotion methods. Users who have micro-lending on both channels can borrow money on both hand Q and WeChat, but two The total borrowing of the platform shall not exceed the micro credit limit,