Can I spend money with interest first and then principal?

If you have money to spend on a loan, you can repay the interest first and then the principal.

Interest before principal:

In the case of interest first and principal later, after the loan is paid, the interest is paid first, and then the principal is paid according to the repayment agreement. You only need to repay the bank loan every month.

The interest on the amount of the loan is repaid in a lump sum after maturity, in which the monthly interest is the annual interest divided by 12, and the repayment pressure in the last month of this method is very high.

Extended content: How much money to spend and how to repay

1. Credit lineThrough big data intelligent AI computing and combined with risk control models, users are granted consumption quotas ranging from 1,000 yuan to 300,000 yuan. The quota is granted according to the user's accumulated credit, repayment and other behaviors on the platform, and the user's various behaviors on the platform are dynamic and changing, and the corresponding quota is also dynamic. However, it is not possible to open or raise the quota through others.

The credit line is a one-time credit line. After the credit is granted, the user can borrow a one-time loan within the credit line, and the unused part of the credit line cannot be used again. Once a loan has been fully settled, you can reapply for a credit limit, which may be different each time you grant it.

2) The quota is granted or not granted according to the user's accumulated credit, repayment and other behaviors on the platform, the user's various behaviors on the platform are dynamic and changing, and the corresponding quota is also dynamic, when the user's behavior in a certain period is good and in line with the quota increase policy, the corresponding quota may be increased. However, it is not possible to open or raise the quota through others.

2. Repayment method

After the user successfully borrows, he can choose to repay the loan every month, or he can settle it in full in advance, and settle it in advance to collect a certain amount of early repayment.

Penalty. The user's borrowing date is fixed as the user's repayment date, the borrowing date of the current month is the 1st-28th of the month, the corresponding borrowing date is fixed to the 1st-28th of each month as the user's repayment date, and the borrowing after the 28th is the user's repayment date if there is a corresponding date in the next month, and if there is no corresponding date, the last day of the user's month is the user's repayment date, and when the user applies again, the repayment date is redetermined according to the rules. If the repayment is overdue, a certain overdue fee will be charged every day and reported to the credit bureau.

You can interest first and then principal, this is also one of the ways to repay if you have money to spend, if you repay the loan, you can consider using this.

I have money to spend and I don't have such a good plan for you, I have a fixed amount of 6w, full easy loan limit, and I haven't seen a plan for me to have interest first and then principal. My Alipay limit is 8w, but Alipay has this plan, and Alipay is still reliable for business.

The original meaning of interest before principal is to repay the interest first and then the principal. However, because in the equal principal and interest method, the proportion of principal in the monthly repayment increases month by month, the proportion of interest decreases month by month, and the equal principal and interest method is more common, so the current interest first and principal after principal usually refers to the "equal principal and interest method" repayment, and from the perspective of savings, the equal principal method is more interest-saving than the equal principal and interest method repayment.