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How is the interest calculated after the mortgage is repaid in advance?

Time: 2014-12-08         Source: Rong 360         Author: Yuan Yuan

Many house slaves who are carrying loans are accustomed to having spare cash.Prepayment. What is the prepayment graph? It is nothing more than to save interest expenses. So, how is the interest calculated after the early repayment? Below, let's talk about it.

There are two types of early repayments, one is full repayment in advance, and the other is partial prepayment.

  All early repaymentIt means to settle the principal and interest of the mortgage at one time. After all the early repayments, the interest calculation is up to the date of paying off the bank's principal and interest, in other words, how long you have borrowed the bank's money.

  Partial early repaymentIt is only a part of the principal and interest of the loan, and there is still a situation where the remaining principal and interest are not settled. Unclear loan principal and interest, interest is still agreed upon in the original loan contractLending ratesExecution (there will be a discount on the offer).

In the 360 ​​warning, there are two ways to repay the loan balance for some of the early repayments. One is to shorten the loan repayment period, and the monthly payment amount is inconvenient; the second is that the loan repayment period is the same, reducing the monthly Monthly amount. In contrast, the first one is more economical.

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