Cadillac prepayment fee

You need to make an appointment to repay the car loan in advance. If you don't make an appointment, you can't go directly to the bank to repay the loan. Most banks require an appointment half a month or a month in advance. You can ask the bank for the specific time, and it will take six months to repay the car loan in advance. Therefore, if the loan is repaid in advance for less than half a year or a year, the bank will charge a certain percentage of liquidated damages.

Apply for early repayment

Since the repayment period of general car loan is three years, if the owner repays in advance, he needs to make an appointment with the bank in advance, instead of going directly to the bank counter on the same day. Most banks require half a month or a month in advance. You can call the bank for a loan first.

Pay liquidated damages, because car loans are generally more than six months in advance. For loans of less than half a year or one year, most banks will charge a certain amount of liquidated damages, and the specific amount will vary from bank to bank. There is no limit to the number of prepayments. Ordinary banks can choose to pay off all loans at one time.