Can I pay off my Equipment Acquisition and Replacement Loan early?

Yes, you can.

According to the information of the financial information service platform in Suizhou City, the loans issued by the Agricultural Bank of China to the borrowers for the purchase of machinery and equipment, with the purchased machinery and equipment as the collateral, as well as other guarantees, and according to the contractual agreement on the repayment of the principal and interest in installments can be repaid in advance.

The central government will provide 2.5 percentage points of interest subsidy for loans for equipment purchase and upgrading in some fields for a period of 2 years. Declare the loan subsidy policy until December 31, 2022. enterprises that signed the loan agreement before December 31 and have paid the first payment for the purchase of equipment can apply for subsidized loans from financial institutions.