Notice of early maturity of loan

At present, some commercial individual housing loans, such as individual housing provident fund loans and China Construction Bank, have launched businesses that allow borrowers to change repayment plans and repay part or all of the loans in advance.

However, due to prepayment, especially prepayment of some loans, it is necessary to modify and calculate the loan term and loan balance agreed by the three parties in the original loan contract, and the operation is complicated. The borrower needs to understand and master the following requirements and regulations:

First, the borrower must repay the principal and interest of the loan regularly for 6 months before proposing to repay part or all of the loan in advance for the first time;

Second, in order to strictly manage loans, lending institutions set a minimum amount for the prepayment of some loans, which generally requires an integer of more than 654.38+00,000 yuan.

Third, the borrower generally needs to notify the lending institution 15 days in advance to repay the loan in advance, and must submit a written application to the lending institution with the original loan contract, the bank repayment savings card, the monthly repayment statement of principal and interest, my ID card and other materials (the provident fund loan is applied to the housing fund management department, and the bank commercial housing loan is applied to the lending bank), and it is approved by it;

Four, the borrower still needs to repay the original monthly loan principal and interest repayment amount, and then deposit the loan amount to be repaid in advance into the bank savings card.

Whether to repay part of the loan or all the loan in advance, the borrower must go to the bank for prepayment within the time specified by the lending institution.

It is also worth mentioning that if all loans are repaid in advance, the insurance company can refund the premium during the advance period. After the borrower repays all the loans in advance, the lending institution will also return to the borrower the original personal housing loan housing insurance policy that has been kept by the lending institution.

However, because the borrower has paid off all the insurance premiums during the loan period in one lump sum when handling the loan, the original home insurance personal housing loan contract was terminated ahead of schedule. According to the relevant regulations, the borrower can bring the original insurance policy and proof of paying off the loan in advance, and return the premium to the insurance company in advance on a monthly basis.

Paying off the loan in advance and returning the insurance premium should be based on whether the original house is an existing house or an auction house, and the actual term of the insurance premium should be changed by the auction house (the insurance term of the auction house exceeding half a year is generally calculated by subtracting 1 year from the loan term), the discount rate of the original one-time payment of insurance premium and the quick calculation coefficient. The calculation formula is: paying off the loan in advance and returning the insurance premium = the present value of the insurance premium paid in advance-the present value of the insurance premium occupied before returning in advance.

How to calculate the interest of mortgage prepayment?

Calculate with advance mortgage calculator

1. prepayment means that the borrower applies to the bank to repay part of his loan in advance, and guarantees that it will not be overdue last month and the loan will be repaid in the current month; Pay off all or part of the loan in one lump sum according to the date stipulated by the bank. Prepayment is generally divided into two ways: partial prepayment and full prepayment. The "prepayment calculator" is needed here. Search for "Latest 20 17 of Prepayment Calculator" with 360, and then click the first website to enter (as shown below):

2. After entering the main page of this website, you will see the page of prepayment calculator, which is very detailed (as shown below):

3. Give an example of repaying the loan in full in advance: For example, I borrowed 230,000 provident fund from May 2065438 to May 2007, and it is estimated that I can pay it off in advance in 2020 10.

Then we will fill in the form according to the above instructions, and the repayment method will be filled in according to our own loan method. The loan interest rate can be filled in according to the benchmark repayment rate of the central bank, and the repayment method is generally equal principal and interest. This can be filled in according to your repayment method, and the date is from your first repayment date to your early repayment date. Select "Pay off in advance at one time" as the prepayment method, and click Calculate (as shown below):

4. At this time, you will see the calculation result. You can compare the detailed data before prepayment with the detailed data after prepayment to see how much interest is saved. Of course, I think this data is not detailed enough. You can also click to enter the "Detailed Report" (as shown in the figure below):

5. After entering the "Detailed Report" page, the loan amount is 230,000.00 yuan, the loan interest rate is 3.25%, the loan term is 1.20 months, and the repayment of principal and interest is the same. Then the monthly repayment amount of equal principal and interest, the first monthly repayment amount of average principal, the monthly decreasing amount and the total interest of the loan will appear in front of you in detail.

Partial repayment in advance can also be completed according to the above instructions. Click Calculate and a detailed report will be automatically generated for your reference (as shown below):

Matters needing attention in repaying loans in advance

1. Don't forget to surrender: after the borrower repays all the loans in advance, the original personal housing loan home insurance contract will also be terminated in advance. According to the relevant regulations, the borrower can bring the original insurance policy and proof of paying off the loan in advance, and return the premium paid in advance to the insurance company on a monthly basis.

So don't forget to get your money back from the insurance company and the tax department after paying off all the loans in advance.

2. Don't forget the tax refund: In addition, don't forget to go to the tax department for tax refund. When purchasing a commercial house, all the family members who can get tax refund should be written into the purchase contract as the property owners, and after signing the contract and paying the house price, they should apply for "deducting the personal income tax paid by the buyer" and obtain their "general tax payment book".

You can get the real estate license after paying off all the loans in advance, and you have to go to the tax department for tax refund within 6 months after completing the real estate license.

3. Don't prepay in the first year: It should be noted that don't prepay in the first year of borrowing. According to the relevant provisions of provident fund loans, the repayment amount should be in advance after 1 year repayment, and the repayment amount should exceed the repayment amount of 6 months.

Another point is that the loan contract stipulates that those who repay the loan in advance shall not be overdue. If it is overdue, you should pay off the arrears first and then apply for early repayment.

Algorithms and regulations for prepayment of mortgage loans by major banks

1. China Merchants Bank: China Merchants Bank has to repay in advance. If it is less than one year, it will charge at least three months' interest relative to the actual repayment amount. After one year, it will only take one month.

2. China Construction Bank: If China Construction Bank wants to prepay for less than one year, it will charge 3% of the prepayment amount. One to two years 2%, two to three years 1%.

Iii. Agricultural Bank: If the loan of Agricultural Bank is repaid in advance for less than one year, it will be charged at the monthly interest rate of the principal, and no penalty interest will be charged for the loan for one year.

Iv. Industrial and Commercial Bank of China: If ICBC prepays for less than one year, it will be charged at 5% of the prepayment amount. If the loan is repaid in advance after one year, like the Agricultural Bank, there is no penalty.

Fifth, Bank of China: If the loan from Bank of China is repaid in advance for less than one year, the penalty will be no more than six months' interest. Repay the loan in advance after one year, without penalty interest, just like the Agricultural Bank.

Sixth, Bank of Communications: Bank of Communications has regulations on the amount of repayment in advance, which is at least six times the monthly repayment amount. Some prepayments can be paid once a year for free.

7. Guangfa Bank: If the loan of Guangfa Bank is repaid in advance for less than one year, two months' interest will be charged as liquidated damages. If the loan is repaid in advance after one year, like the Agricultural Bank of China, there is no penalty.

Eighth, China Everbright Bank: If the loan of China Everbright Bank is repaid in advance for less than one year, it needs to charge 3% ~ 6% interest as liquidated damages. As long as it is more than one year, just like ABC, there is no need for penalty interest.

Ninth, Shanghai Pudong Development Bank: If the loan of Shanghai Pudong Development Bank is repaid in advance for less than one year, there are two ways of liquidated damages, one is 1.5% interest, the other is 3% interest, and no liquidated damages will be charged for the loan for one year.

Tenth, Shenzhen Development Bank: Shenzhen Development Bank has stricter requirements than ordinary banks. The general term is two years. As for the amount of default within two years, it depends on the contract.

How to repay the bank loan in advance? A few tricks to teach you how to do this.

Buying a house by loan is the most suitable way for ordinary people to buy a house. As long as they repay the loan in time every month, they can live in peace of mind. However, the repayment period is generally longer. If we have enough funds in hand, can we repay the loan in advance? What should I pay attention to? Let's explain the related matters in detail below.

Is there any requirement for repayment time and amount in advance?

Early repayment does not mean that you can apply if you want. Some banks require repayment for one year before they can apply for early repayment, while others require half a year. Some also stipulate the repayment amount, such as 1 1,000 yuan, and some even require repayment times, which can only be paid once a year. Even provident fund loans with relatively simple repayment operations have similar provisions. Some people who need to repay the loan in one year can apply for early repayment, requiring the repayment amount to be not less than 6 months of housing provident fund loan principal and interest. Some even require loan principal and interest 1 year and annual repayment 1 time. In short, the bank may have requirements on the repayment time, repayment amount and repayment times of prepayment, so it is best to know clearly before buying a house.

Prepayment process:

Step 1: First, check the requirements of prepayment in the loan contract, and pay attention to whether it is necessary to pay a certain penalty for prepayment.

Step 2: Call the loan bank in advance to inquire about the application time and minimum repayment amount of the loan and other materials that need to be prepared.

Step 3: Submit the repayment application to the relevant departments in person according to the requirements of the bank.

Step 4: The borrower takes the relevant documents to the borrowing bank and goes through the relevant formalities of prepayment.

Step 5: Submit the prepayment application form and deposit the prepayment in the counter.

Prepayment:

So what kinds of prepayment methods do banks generally offer now? They can be roughly divided into the following four types:

First, please repay all the loans in advance, which is undoubtedly the best, so you can pay a lot less interest, but the interest paid is non-refundable.

Second, partial prepayment, the remaining monthly repayment amount remains unchanged, and the repayment period is shortened, which can reduce a lot of interest.

Third, part of the early repayment, the monthly remaining repayment amount is reduced, but the repayment period remains unchanged, which can reduce the monthly payment and relieve the pressure.

Fourth, partial prepayment, the remaining loan not only reduces the monthly repayment amount, but also shortens the repayment period and saves a lot of interest. Here is a reminder, as long as you think you can repay in advance within five years, it is best to use the average capital method, because the interest paid by the previous matching principal and interest method is too large and relatively uneconomical.

Precautions for prepayment of mortgage?

1. Allow banks to repay loans in advance at different times. Most banks require at least one year before they can apply for prepayment, but some banks say they can apply for prepayment at any time. Among the state-owned banks, BOC and CCB need to repay for one year before they can apply for early repayment, while ICBC needs to repay half a year in advance. In addition, it takes one year for banks such as China Merchants Bank and Bank of Communications to apply for prepayment, while Huaxia Bank said it can apply for repayment at any time.

2. The interest rate adjustment cycle of banks is different. The general mortgage term is over 65,438+00 years. In this cycle, it is inevitable for the central bank to adjust interest rates, and the time for banks to adjust interest rates is different. Banks in China, such as China Industrial and Commercial Bank, China Agricultural Bank and China Construction Bank, etc. Generally, from June 65438+1 October1every year, the new repayment interest will be adjusted according to the latest central bank benchmark interest rate. Foreign banks generally choose to adjust in the current month or quarter. Citibank will implement the new interest rate at the beginning of the next quarter and HSBC will implement the new interest rate on the same day. For mortgage owners, it is obviously more cost-effective to adjust as soon as possible if they are in the channel of interest rate reduction; If it is in the interest rate hike cycle, the later the adjustment, the more cost-effective.

Don't forget to cancel the mortgage registration after "repaying the mortgage". Regardless of whether the loan is repaid during the contract period or in advance, the public should not forget to cancel the mortgage registration after the loan repayment is completed.

What are the provisions for prepayment of bank loans in China?

Conditions, restrictions and specific provisions for early repayment of bank loans in China:

If the offline mode is adopted, the borrower can apply for early repayment according to the conditions agreed in the contract, but it must submit a written application to the lender in advance and handle it with the consent of the lender.

Note: The loan contract clearly stipulates the conditions to be met for prepayment and the number of days to apply for prepayment in advance. If the offline mode is adopted for prepayment, the borrower must go to the branch of China Bank where you handle the loan for prepayment. As prepayment requires approval, it is recommended that you apply to BOC branch as soon as possible.

The expenses for prepayment shall be implemented according to the loan contract.

At present, the Bank of China needs to handle the prepayment of personal housing loans in person, and does not support the agency for the time being.

In addition to meeting the contract, online prepayment depends on whether the bank lending institution of China supports online prepayment. For details, please consult the loan institution of Bank of China.

If the Bank of China Loan Branch has opened online prepayment, you can initiate partial or full prepayment through mobile banking. After the prepayment is completed, the repayment amount will be adjusted accordingly. Mobile banking does not support direct adjustment of repayment amount for the time being.

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