What are the repayment methods of China Bank and China Bank's e-loan mortgage loan?

Bank of China, Bank of China, e-loan and mortgage repayment:

1. Normal repayment: on the maturity date of interest or principal of "mortgage loan", the system will automatically deduct funds from the enterprise's contracted repayment account for repayment. The interest will be deducted automatically on the 2nd 1 day of each month, and the principal of the1year loan will be deducted automatically in one lump sum on the loan maturity date. The principal of the 3-year loan will be automatically deducted once every six months according to the agreed repayment plan, and the remaining principal will be automatically deducted on the loan maturity date.

2. Prepayment: The "mortgage loan" loan can be repaid in advance through BOC corporate online banking/corporate mobile banking. In case of partial prepayment, the loan interest shall be calculated on a daily basis according to the number of days occupied by the loan, and all the interest receivable up to the prepayment date shall be collected on the prepayment date.

(Answer time: February 6, 2024)

The above contents are for your reference. Please refer to the actual business regulations.

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