"There will be plenty of peace, and there will be plenty of joy for the poor." The house has been a safe haven for us since ancient times. Today, most people need a loan when buying a house, and repayments naturally follow. Equivalent principals and equivalent principals are the dominant choice in many repayment modalities. Can we pay in advance when we choose the repayment method for the equivalent principal? Is early repayment of the equivalent principal limited? The answer is yes, and little banks limit the advance repayment of the equivalent principal, so long as there is no explicit reference in the loan contract not to allow for early repayment。

Can't you pay the principal in advance

It would be useful to consult with the bank manager before paying back in advance on the relevant policies of the bank. Once the appointment has been successful, only the materials will be ready and will be available at the bank at the appointed time。

Early repayments require attention to the following:

1. **Knowledge the early repayment policies of banks**

The policy for early repayment varies from bank to bank. In the case of small and medium-sized equity banks, there is usually no additional interest or default charges. Large State-owned banks may require a percentage of default money, so the buyer needs to know more about the policy of the selected bank before paying in advance。

2. **Whether or not a default payment is required**

If an advance repayment is intended, it is first necessary to ascertain whether default payments are required. As a rule, banks have time limits for early repayment, which may require default payments if the loan contract is in force for less than one year. The default payment is often based on an advance repayment amount and a one-month interest charge at a given loan rate. It was therefore important to select the right time for early payment, otherwise it might cost more。

3.** Advance repayments**

The procedure for early repayment is similar to that for loan applications, and borrowers are required to submit a written request one week to one month in advance and to agree on a specific repayment time. At that time, the necessary documents, such as identification cards and loan contracts, must be brought to the bank to complete the loan repayment application form and the early repayment agreement。

4.** Prepare sufficient funds**

If the completion of the loan is planned, the borrower is required to deposit sufficient funds in the bank account after the bank has calculated the amount of the remaining repayment to complete the advance payment。

This is the relevant part of the question of whether “the equivalent principal is allowed to be repaid in advance”, and it is hoped that effective assistance will be provided to borrowers intending to pay in advance。