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What information did FAW Finance receive after the advance payment was successful?
(FAW Finance) Dear Li Si customer, hello, the total car loan in your name of RMB 654.38 million was repaid in advance on February 28, 2022, and the repayment amount has been recorded. I hope you can go to FAW Financial Counter as soon as possible and choose the repayment method after prepayment. You can choose to shorten the monthly payment of the same number of years, or you can choose to shorten the monthly payment of the same number of years.
Early repayment is the part that the borrower pays more than the monthly principal and interest. The prepayment without fully paying off the mortgage loan is called partial prepayment. Through contractual arrangements, it is forbidden to repay in advance within the agreed time limit, which is called lock-up period.
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