Advance owing on the loan to apply for advance loan requirements of consumers, need to apply in advance, the specific provisions of banks are not the same. Some banks require customers to apply for two weeks ahead of time, some banks are required to apply for a month in advance. If you are applying for auto dealer loans, can ask the dealer; if you are handled directly by the bank, to the relevant bank check.

Interest owing on the loan expenses geometry for the balance of two party, generally the bank will advance loan default payments in signing the loan contract. It is understood, the penalty algorithm about two: pay one month's interest as the default payment; according to the balance per 1000 ratio calculated default payment. We come to have a look the specific algorithm of second default payment:

For example we loan 100000 yuan, three years (36 months), has also 12 months. If the interest rate hike since the end of the year that you prepared in advance loan, repaid before the end of this year, according to the Bank of the relevant provisions, or according to old interest rates to interest bearing, 5.49%; and 24 months not the residual interest:

301.914 x 10 x 24 (months) = 72459.36 (yuan) default payment: deposit default rate of 5/1000 to 72459.36 * 0.5% = 362.3 (yuan)

Total: the remaining principal + penalty 10 (million) x 24 / 36 + 362.3 = 66666.7 + 362.3 = 67029 (yuan)

If this is the 24 month of discharge after January 1st next year ahead of them, the interest rate is 5.76% according to the calculation.

Next year's new year's day has 24 months remaining, interest:

303.13 x 10 x 24 (months) = 72751.2 (yuan) default payment: deposit default rate of 5/1000 to 72751.2 * 0.5% = 363.8 (yuan)

Total: the remaining principal + penalty 10 (million) x 24 / 36 + 363.8 = 66666.7 + 363.8 = 67030.5 (yuan)

Here can be found, either this year or next year in advance, the default amount in general is not great. As long as the hand, spent 300 multivariate money to reduce 24 months interest payments worth.