Are there any reminders for mortgage repayment?

Whether before or after repayment, banks will have SMS reminders. The mortgage repayment bank will remind you by SMS that the account balance is insufficient. Lenders need to transfer a certain amount to the bank card in advance to avoid the influence of overdue credit.

What is the prepayment process of ICBC mortgage?

1. Customers who repay the loan in advance need to submit a written application one week to one month in advance to agree on the repayment date; Then, according to the agreed date, bring your ID card and the loan contract signed with the bank to the bank to fill in the loan repayment application form and prepayment agreement, and deposit the money to be repaid into your account for withholding the loan principal and interest according to the requirements of the bank, and the bank will automatically deduct the money.

2. Some borrowers who repay the loan in advance can choose two ways: reducing the monthly repayment amount and keeping the repayment period unchanged; Shorten the repayment period and keep the monthly repayment amount unchanged; Once the application form for prepayment is confirmed by the borrower's bank, it is irrevocable. As a supplementary clause of the loan contract, it has the same legal effect as the loan contract.

Don't forget to make an appointment with the bank to repay the mortgage in advance, and the waiting time can be up to one month at the earliest. At present, most banks do not charge liquidated damages for repaying loans in advance, but please ask before going through the formalities.

4. Banks have different restrictions on the number of early repayments and the minimum repayment amount each time within one year. Please consult in advance. Remind borrowers that if property buyers pay off the loan balance in advance, they can apply to the insurance company for surrender.

When is the first repayment time of the mortgage?

1. According to different repayment methods, the repayment date can be determined by the following methods: monthly interest settlement. If the principal expires, the interest will be repaid from the next month of the date agreed in the contract (in principle, any day), and the principal and the last interest will be repaid according to the agreed maturity date.

2. Interest shall be settled quarterly. If the principal is due, the principal and interest shall be repaid on the 20th of each quarter, and the principal and interest shall be repaid on the due date agreed in the contract. If the principal and interest are repaid every month, the principal and interest shall be repaid on the date agreed in the contract (any day in principle) from the next month, and the last principal and interest shall be repaid on the due date agreed in the contract. If the interest is paid off together with the principal, the principal and interest shall be returned on the due date agreed in the contract.

3. Special circumstances: in case of holidays, if the loan is not postponed, the customer can go through the repayment formalities when it is due or repay a few days in advance. Therefore, in order to facilitate repayment, customers should be careful not to set the maturity date on holidays when borrowing money.

4. If an application is required to change the repayment account, an agreement on changing the repayment account shall be signed with the consent of the bank, and the effective date shall be agreed. Customers can apply to the bank to change the repayment period. When changing, an application shall be made, and after the approval of our bank, the corresponding change agreement shall be signed, and the repayment amount of each installment of the remaining term shall be recalculated.

5. Customers can inquire repayment records through telephone banking, online banking, Minsheng Card statement and telephone banking fax. In order to ensure timely repayment, when signing a contract with the bank, the borrower had better specify the repayment date first, so as not to leave a bad credit record for himself.