Is the interest deducted first or when the loan is repaid?

Generally, the larger formal platforms are borrowed first and then deducted, only some small platforms will cut off the interest, it is recommended that you still choose these regular platforms, the money to spend, Alipay's borrowing, Suning's Suning Finance, Zhaolian good expectations are also OK. There are too many small platform routines to use, and it is not recommended to use them.

At present, the daily interest rate is calculated on a daily basis, which is equivalent to 2-5 yuan per day for 10,000 yuan. At present, the credit line of WeLoan to users is between 500 yuan and 300,000 yuan, which varies according to the comprehensive situation of the individual. A single loan can be borrowed between 500 yuan and 40,000 yuan.

You need to select the number of repayment periods, with a minimum of 5 months and a maximum of 20 months, and early repayment is supported.

Among the reliable big brands in the market, in addition to Tencent Micro Loan, Du Xiaoman Finance's Money Spend is also a good choice. The application for money is simple, the loan is fast, and the borrowing and repayment is flexible, and users can take the initiative to apply. The interest fee for money is transparent, the big brand is reliable, the interest rate is low, and the maximum borrowing amount is 200,000, which can meet the needs of most borrowers.

In addition to individual consumers, small and micro business owners who need start-up or working capital can also consider having money to spend, and Money is committed to providing accurate, convenient and efficient financial services for small and micro business owners.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

Micro loans are generally deducted at the time of monthly repayment.

If the micro loan has been paid off, but the system shows that there are still 200 yuan to be repaid, it is likely that the customer has not paid off the loan in full, and may have only repaid the principal, but the interest has not been repaid, so it is still in arrears.

It is important to know that after the overdue loan is overdue, not only will the interest continue to be charged according to the loan interest rate, but also a penalty interest of 50% of the agreed interest rate will be charged on the overdue principal until the customer pays it off in full. Penalty Interest = Overdue Principal Daily Interest Rate 50% Overdue Days, Overdue Interest = Overdue Principal Daily Interest Rate Overdue Days + Penalty Interest.

In this regard, the customer needs to pay off the money as soon as possible to avoid continuing to be overdue and causing serious adverse consequences. Otherwise, not only will personal credit be damaged, but more penalty interest will be generated, and there will be more to be repaid.

The role of loan pickpocketing.

Many times when we don't have enough money, that is, when we lack money, we will choose to take out a loan. For example, when you buy a house and a car, when the house price is right and you want to buy it, and you don't have the money, the best way is to take out a loan to buy a house. With only a partial down payment, you can buy a house, buy a car, spend comfortably, and then repay the loan every month.

Another advantage of lending is that you can share the risk with a third-party platform, so you don't have to bear too much pressure on your own bank. For example, if you have 500,000 yuan of funds, you need 400,000 yuan to start a company, and you only need to pay 200,000 yuan by yourself and then borrow 200,000 yuan. If you lose all of them, you lose 200,000 yuan, and you lose 200,000 yuan of bank loans, but you still have 300,000 yuan in hand, and you only need to repay the loan every month, and the remaining 300,000 yuan can make a comeback, which is very convenient.

If the automatic deduction of WeLoan fails, select the manual repayment step

2. From the WeChat client, select "Me", select "Wallet", select Tencent Service "Borrow Money from Micro Loan", click "Pay off the loan in advance", and complete the manual repayment according to the page prompts.

There are many careless partners who even encounter two consecutive automatic deduction failures, and under normal circumstances, WeLoan will automatically deduct 2-3 times in advance to prevent the bank from failing to deduct the loan, so if you encounter two consecutive automatic deduction failures on the first day of repayment, the third automatic deduction will be carried out on the second day as long as the repayment bank card is normal and the balance is sufficient. Of course, if you are afraid that there is a risk of overdue automatic deduction, it is also possible to repay by means.

Extended Materials. The reason for the failure of the automatic deduction of WeLoan.

1. The status of the repayment bank card is abnormal.

Since the automatic deduction needs to be deducted from the bank card, that is, if the bank card is in an abnormal state, the deduction operation cannot be carried out.

Solution: Confirm that the status of the repayment card is normal.

2. The balance of the repayment bank card is insufficient.

If the balance on the repayment card is insufficient, the system will also show a failure when the payment is automatically debited.

Solution: Make sure you have enough balance on your bank card to pay off the loan.

3. System failure.

If the system automatically deducts paymentIf the system fails, then it is very likely that the automatic deduction will also fail.

Solution: Select Manual repayment or wait for the system to deduct the payment for the second time.

4. The network is busy.

If the automatic deduction is in a busy state on the network, the deduction will fail.

Solution: Select Manual repayment or wait for the system to deduct the payment for the second time.

Abstract: Early repayment, you can repay the loan on the next day after the loan is successful, that is, the actual borrowing time can be as short as 1 day, and only 1 day of interest needs to be paid. Therefore, if the loan is repaid early, the interest will be charged until the date of repayment, because the early repayment of the micro loan is not considered a default, and there is no penalty interest and no other fees.

The micro loan borrowed 5000 was repaid in advance, how can it still be deducted after a month.

Among the various businesses of micro loans, there is a systematic automatic deduction business. Before the automatic deduction of the WeLoan system, the user needs to put enough repayment amount into the repayment bank card so that the bank can automatically deduct it. If there is not enough money on the card when the first automatic payment is made, the charge will fail.

After the second automatic deduction is made, the repayment is not successful, and the repayment is considered overdue.

Early repayment can be repaid on the next day after the loan is successful, that is, the actual borrowing time can be as short as 1 day, and only 1 day of interest is paid. Therefore, if the loan is repaid early, the interest will be charged until the date of repayment, because the early repayment of the micro loan is not considered a default, and there is no penalty interest and no other fees.

Take a look at your repayment time to see if you incur interest, and if there is interest, you still have to deduct the money. It is recommended to unbind the automatic deduction first and contact the platform's customer service for consultation.