How does Bank of China repay the loan in advance, and how does the Bank of China loan repay in advan

You can initiate early repayment of national student loans, deposit pledge loans, wealth management pledge loans, personal mortgage (pledge) revolving loans, personal non-mortgage (pledge) revolving loans and other products through personal online banking and mobile banking. Other loans still need to be repaid at the BOC counter for early repayment.

For further information, please contact the loan handling bank of BOC.

The above content is for your reference, and the actual business regulations shall prevail.

Handle related business.

There are three ways to repay early:

1. The remaining loan will keep the monthly repayment amount unchanged and shorten the repayment period.

2. The remaining loan repayment amount will be reduced and the repayment period will remain unchanged.

3. The remaining loan will have a reduced monthly repayment and a shorter repayment period. Bank of China, if the loan is repaid in advance for less than one year, it will charge a maximum of six months of interest liquidated damages (calculated according to the loan interest rate on the date of early repayment).

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First, the borrower must repay the principal and interest of the loan normally on a monthly basis for 6 months before he can apply for the first early repayment of part or all of the loan;

Second, in order to strictly manage loans, lending institutions have set a minimum limit for early repayment of part of the loan, which generally requires more than 10,000 yuan;

Third, the borrower generally needs to inform the lending institution 10 or 15 days in advance of the early repayment of the loan, and must submit a written application to the lending institution with the original loan contract, bank loan repayment savings card, monthly capital repayment interest table, ID card and other materials, and must be reviewed and approved by the borrower;

Fourth, the borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount that needs to be repaid in advance into the bank savings card. After confirmation, if the lending institution repays part of the housing loan in advance, it will recalculate the loan balance and the final repayment period after the early repayment of part of the loan according to the interest-bearing repayment method determined in the original loan contract based on the calculation principle of "interest first and principal later, reduction by equal amount per month, and shortening the repayment period", reprint the "monthly capital repayment interest table", and sign the "loan change contract" with the borrower again.

The interest on the loan decreases as the principal decreases. So, how can you pay less interest? One option is to choose the equal principal repayment method before taking out a loan.

Early repayment of Bank of China loans: The borrower may repay part of the loan principal or settle all the loan principal and interest in advance with the consent of the lender after submitting a written application for early repayment to the lender.

1. If you apply for early repayment of personal housing commercial loan with Bank of China, you can apply for early repayment in accordance with the conditions agreed in the contract, but you must submit a written application to the lender in advance, and the loan will handle it after review and approval. Note: The loan contract clearly stipulates the conditions that must be met for early repayment and the number of days that need to be applied for early remittance.

2. For early repayment, you need to go to the Bank of China branch where the loan is processed to go through the early repayment procedures. As early repayment is subject to approval, it is recommended that you apply at a BOC branch as soon as possible. The early repayment fee standard shall be subject to the loan contract.

The above content is for your reference, and the actual business regulations shall prevail.

Consultation and handling of related business.

1.Mobile Banking at Bank of China.

Bank of China client latest version: Android version), apply for loan early repayment.

Select your loan history. Click Early repayment at the bottom. Choose whether to pay all or part of it, and click Next.

Finally, take note to upgrade to the latest version. Pay attention to the messy items: those who open the app can operate directly on the app, and those who do not open the app go to the counter to repay; If you are going to the bank, you need to pay attention to calling customer service half a month in advance** to make an appointment in advance; Bring valid documents and loan contracts to the business outlets.

**Pledge Loan (Deposit Pledge Loan, Wealth Management Pledge Loan), Personal Revolving Loan and Bank of China e-Loan (Bank of China e-Loan, Youth e-Loan, Salary Loan, Business Loan). Other loans still need to be repaid over the counter. Early partial repayment is possible.

As there are many types of loans from BOC, and there are differences in the procedures and procedures for early repayment of various types of loans, please contact the loan handling bank of BOC for details. If you have any questions, you can consult the customer service of Bank of China or use the mobile banking app of Bank of China to consult and handle related business. The above content is for your reference, and the actual business regulations shall prevail.

Extended Information:1Bank of China Mobile Banking Android client software is a mobile banking service launched by Bank of China for Android mobile phone users, providing account management, transfer and remittance, investment and financial management.

Financial services such as credit cards, people's livelihood payments, and electronic payments, as well as preferential activities, appointment queues at outlets, palm life, self-service registration, deposit and loan interest rates, foreign exchange rates, and wealth management products.

and other value-added services.

It is convenient for you to enjoy the professional financial services of Bank of China anytime, anywhere and at will.

2.How to use the Bank of China APP: Enter the login page, the mobile phone number reserved at the bank counter is the login number, and the initial password is the login password.

The general process of prepayment of housing loan by Bank of China is as follows:

The first step is to make an appointment in advance. If the borrower wants to repay the loan in advance, he or she needs to make an appointment with Bank of China 15 working days in advance, and provide his name, ID card, and specific repayment date to the staff when making an appointment. The main purpose of this is to allow the bank to prepare in advance, so as to shorten the processing time of users.

The second step is to repay the loan. After the user makes an appointment, when the repayment date arrives. You can bring your relevant information to the bank to go through the prepayment procedures. It should be noted that early repayment of the loan needs to be handled at the bank where the loan is made.

The third step is to complete the prepayment procedures according to the bank's instructions and settle the relevant loan. It is very convenient to go to the housing authority to change the house book with the settlement certificate and other warrants.

Early Repayment Notes:

1. Ask the bank whether there is any liquidated damages or interest. When the user made early repayment, he violated the loan contract signed with the bank at that time. Therefore, the borrower may need to pay relevant liquidated damages or interest, and the borrower needs to ask about this.

2. Choose the right repayment method. There are three main types of early repayment: first, the remaining loan will keep the monthly repayment amount unchanged and shorten the repayment period; Second, the remaining loan will reduce the monthly repayment amount, leaving the repayment period unchanged; Third, the remaining loan will have a reduced monthly payment and a shorter repayment period. Borrowers can choose the appropriate method according to their actual situation.

Extended Information: Early repayment is not advisable in the following cases:

1.When signing the contract, you can enjoy a preferential interest rate of 7% to discount. If you are currently in the interest rate reduction channel, the interest rate will be lower than that of the previous period if it is implemented in accordance with the latest interest rate in a timely manner;

2.For buyers who have paid more than 1 3 in equal principal repayment period, the equal principal repayment method will have less principal left in the later stage and less interest generated. When the repayment period exceeds 1 3, the borrower repays nearly half of the interest, and most of the later repayment is the principal;

3.For buyers who repay the principal and interest in the middle of the same amount of principal and interest, the principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month, so early repayment is of little significance.

2. Select "Loans" in the menu on the home page at one time, enter the Loan Management page, and click on the total principal amount of the loan to enter "My Loan";

3. Then select "Personal Housing Loan" to view the relevant information of the personal housing loan, and click "Early Repayment" below.

Fourth, then choose according to your personal situation"Partial Repayment" or "Full Repayment", enter the repayment principal to make the repayment.

Operating environment: brand model: iphone13

Make an appointment through **. In addition, it is best to apply for early repayment of the mortgage after one year of the mortgage, and if the mortgage is less than one year after the early repayment, you need to pay a certain amount of liquidated damages.

Target. Extended Materials].

Prepayment. It means that the borrower applies for early repayment of the loan part of his loan to the bank, and guarantees that the loan is not overdue in the previous month and the loan is repaid in the current month; The loan will be repaid in full or in part according to the date specified by the bank.

Prepayment Methods:

Prepayment is generally divided into two ways: partial repayment and full repayment in advance.

Depending on the repayment method, the borrower can choose to reduce the mortgage for the term or the amount of the mortgage. It is understood that at present, most banks can provide five ways to repay loans in advance for customers to choose from.

The first type is full early repayment, which means that the customer pays off the remaining entire loan in one go. (No interest is required, but no interest is paid).

The second type is partial early repayment, and the remaining loan will keep the monthly repayment amount unchanged, shortening the repayment period. (Save more interest).

Type 3: Partial early repayment, and the remaining loan will have a reduced monthly payment, keeping the repayment period unchanged. (Reduce monthly payment.)

burden, but the degree of savings is lower than in the second)

Fourth: Partial early repayment, where the remaining loan will have a reduced monthly repayment and a shorter repayment period. (Save more interest).

Type 5: The remaining loan will keep the total principal unchanged and only shorten the repayment period. (The monthly payment increases, and some interest is reduced, but it is relatively uneconomical).

Financial experts suggest that early repayment should minimize the principal, shorten the loan term, and make the interest on the expenses less.

The early repayment process of BOC loan is as follows:

1.Early repayment application: You can submit an early repayment application at BOC outlets or through mobile banking, online banking and other channels.

2.Confirmation of repayment method: To confirm the repayment method, you can choose to repay the loan in a lump sum or repay it in installments. If you choose to repay your loan in installments, you will also need to determine the amount and date of each installment.

3.Amount confirmation: The bank will determine the prepayment amount based on the application you submit and the loan contract.

4.Calculation of repayment fee: The bank will calculate the repayment fee based on the prepayment amount and repayment period.

5.Repayment: You can complete the early repayment of the loan by paying the early repayment amount and the early repayment fee.

It should be noted that early repayment will incur early repayment fees, and the size of the fee depends on the borrower's repayment method, repayment period, early repayment amount and other factors. Therefore, before making early repayment, the borrower needs to understand the early repayment fee and negotiate with the bank to determine the early repayment plan.

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1. If the loan is less than one year, apply for early repayment.

There is a penalty interest for three months.

2. If the loan is less than two years after one year, the early repayment will be subject to a penalty interest of two months.

3. If the loan is less than three years after two years, the early repayment will be subject to a penalty interest of one month.

4. If the loan is more than three years, it shall be subject to the agreement of the loan contract.

Extended Information: How long does it take for Bank of China to review prepayment?

Generally speaking, it takes one month to apply for early repayment from Bank of China with a stupid bank, and it generally takes at least a month or so for the bank to review the appointment application after accepting the user's appointment. After the examination is passed, Bank of China will notify the borrower to go through the procedures for early repayment.