Is there a penalty for prepayment of equal principal and interest mortgage? How to calculate the prepayment time of equal principal and interest mortgage?

Matching principal and interest refers to repaying a loan, that is, repaying the same amount of loan (including principal and interest) every month during the repayment period. When using matching principal and interest loans, some people will want to repay the loan in advance, so is there a penalty for repaying the loan in advance with matching principal and interest loans? Let's take a look with Bian Xiao. By the way, how to calculate the prepayment time of equal principal and interest mortgage and equal principal and interest mortgage?

1. Is there a penalty for prepayment of equal principal and interest mortgage?

1. Is there a penalty for prepayment of equal principal and interest mortgage?

Judging from the current situation, most banks do not charge liquidated damages for early repayment of mortgage loans, while some banks apply for early repayment within one year of loans. Most of them calculate liquidated damages based on the amount of early repayment or interest, and rarely calculate the amount of liquidated damages based on the principal.

2. How to collect the penalty for prepayment of equal principal and interest mortgage?

1. At present, the liquidated damages for early repayment of commercial banks are generally collected in two forms, one is calculated according to the percentage of unpaid balance at the time of early repayment (generally 2% to 5%), and the other is interest for several months.

2. If the loan with equal principal and interest is used and changed in advance within one year, a fine of 3% (30,000 yuan) will be imposed; One to two years, a fine of 2% (20,000); Two to three years, a fine of 1%( 1 ten thousand); After three years, the fine will be waived.

Second, how to calculate the prepayment of equal principal and interest mortgage?

1, how to calculate the prepayment of equal principal and interest mortgage? If the loan term exceeds one third, no penalty interest will be charged for repayment; If one-third of the time limit is not reached, one month's interest will be paid as liquidated damages, and the remaining unpaid interest will not be paid.

2. After prepayment is selected, the future interest calculation will recalculate the equal amount according to the balance after prepayment and the remaining period. The original repayment interest rate, term and period remain unchanged, only the same amount changes.

3. Matching repayment is characterized by equal monthly payments, but the composition is not equal, that is, the monthly principal and interest are not equal. The monthly interest is equal to the amount minus the principal.

4. To sum up, 1/3 If the repayment period has been repaid, no penalty interest will be charged for repayment; If the repayment period is less than 1/3, the lender shall be required to pay liquidated damages. When we repay part of the loan, we recalculate the interest according to the balance after repayment and the remaining repayment period.

3. The prepayment time of equal principal and interest mortgage.

1. When a mortgage with equal principal and interest is repaid, the interest generated by the remaining principal will be calculated together with the remaining principal (loan balance), which means that the unpaid interest will also be calculated, so what we calculated in the repayment some time ago is the generated interest.

2. Theoretically, the prepayment time of equal principal and interest mortgage is relatively cost-effective as long as it is before 1/2, but some loans may not support prepayment to reduce interest, and even some loans will charge liquidated damages for prepayment.

As for whether to repay in advance, we should first look at our actual situation. Although prepayment can reduce repayment interest, it will also increase our economic burden. Moreover, under inflation, whether prepayment is really cost-effective cannot be generalized, because each family's wealth situation is different, so their ability to bear interest is different.

The above data are from the Internet for reference only.

The above is about whether there is a penalty for the prepayment of the equal principal and interest mortgage, how to calculate the prepayment of the equal principal and interest mortgage, and the related contents of the prepayment time of the equal principal and interest mortgage. I hope I can help you!