More and more citizens are using the services of banks to obtain loans. It can be both targeted loans - commodity loans, for the purchase of a car, a mortgage, and inappropriate - cash for any needs. In any case, many people want to save on interest. This can be done by repaying the loan ahead of schedule. You just need to know how to do it right and get the most financial benefit.
It is necessary
- - passport;
- - loan agreement;
- - funds sufficient for full or partial early repayment of the loan
Instructions
Step 1
Carefully study the section of your loan agreement dedicated to early repayment of the loan. Conditions may differ depending on the bank and the type of loan product. The bank under the agreement can establish a moratorium on loan repayment for a certain period, for example, for three months after receiving the money. Also, the bank may stipulate in the agreement a commission for such repayment, or allow only full early repayment of the entire amount.
Calculate whether early repayment will be beneficial for you on the terms described by the bank in the agreement.
Step 2
Find the nearest branch of your bank and come there in person with your passport. Some banks allow early repayment of the loan by other persons, for example, relatives, upon presentation of an identity document.
Step 3
Contact the teller and explain what you want - to pay off the debt in whole or in part ahead of schedule. At the same time, specify whether the interest will be recalculated, that is, whether you will need to pay for the time when you will no longer use the loan.
If you repay the loan in full, ask the employee to tell you the exact amount required to close the loan account.
Step 4
Fill out an application for early repayment of the loan. If you extinguish it completely, you will also have to sign an application for closing a credit account and hand over the card, if it was attached to it.
Step 5
Having received a receipt from the operator, go to the cashier with it and the money. If you are repaying the loan by wire transfer, then fill out the documents for transferring money to another account, also with an operator.
Step 6
If you have closed the loan completely, get a certificate from the bank about this. This will protect you from future unfounded claims.
