Standard Chartered Bank is a foreign bank, which also provides loans. As we all know, most bank loans support early repayment, and only need to make an appointment in advance and pay a certain amount of liquidated damages. Do you still need to pay interest on the loan prepayment of Standard Chartered Bank? Let's get to know each other.

Do you still need to pay interest on the loan prepayment of Standard Chartered Bank?

Under normal circumstances, the interest paid after the repayment date does not need to be paid in advance, and the interest paid before will not be refunded. In addition, the prepayment of the loan from Standard Chartered Bank needs 14 days to 1 month in advance, and the prepayment of Standard Chartered Bank needs 5% of the prepayment principal as penalty.

To sum up, Standard Chartered Bank does not need to pay interest after repaying the loan in advance, but it is suggested that it should be clear before repaying the loan in advance. If the liquidated damages are higher than the interest after repayment, prepayment is not recommended. When repaying bank loans in advance, it is usually necessary to make an appointment in advance. The contents of the appointment include the time and amount of prepayment. In addition, when handling prepayment procedures, it is necessary to know whether there is a limit on the number of prepayments. If it affects the subsequent prepayment, it will be bad.