"Want to pay in advance and save interest? This is not something you can do if you want. The banks have their needs. You have to ask if you can cut interest on early repayment

Will the interest on the loan be reduced

You might ask: 'Was interest on early repayment reduced? 'It actually scored. Interest on early repayment of mortgages is reduced, whether by reducing the duration of the loan or optimizing the monthly repayment. But time is important, and if you pay back early, you'll save a lot of interest. By the end of the repayment period, the interest savings were relatively small. Similarly, this principle applies to both principal and principal amounts。

And then you might want to know, "What's the step of sneaking back the loan? ‘Do not rush, fix the details of the provisions for early repayment, understand this loan policy, and include information on prepayment fees and the need for a repayment plan.’ This is your primary task of early repayment. Then you have to calculate the amount of your early repayment, which is a burden for your future. You need to decide carefully on your early repayment based on your financial situation and the terms of your loan. Finally, there must be an advance payment process. You will remember the need to fill out the application forms for early repayment of loans, payment of the corresponding fees, etc. At the same time, save all your papers for later use. If the repayment plan includes a repayment plan, you must submit a repayment plan simultaneously. " ... "