Is it good for ant borrowing to repay early? Can I repay the loan early?

The interest on the loan is calculated on a daily basis, and the interest on early repayment is calculated on the day of early repayment, and the interest on repayment one day earlier will be one day less. Therefore, you will not lose money in early repayment in borrowing, as long as you have money in hand, you can repay in advance. The impact of early repayment is as follows:

2. The amount is reduced after repayment: If you repay the loan in advance, the system will naturally think that your demand for borrowing is not very large, so it will naturally reduce your amount and give your amount to people who need it more.

3. The borrowing is closed: Since the early repayment of the borrowing can only recover a small amount of interest, the system will also judge that the early repayment has little demand for the borrowing and will directly close your borrowing and borrowing.

Extended Information:1"Borrowing", now known as Credit Loan, is a loan service launched by Alipay, and users can apply for different loan amounts according to different sesame scores.

The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is to borrow and repay at any time. On January 9, 2018, perhaps due to excessive leverage and violation of relevant regulatory regulations of the central bank, some users were voluntarily closed to control the loan balance. On November 8, 2021, it was reported that the name of Alipay's "borrowing" has been changed to "credit loan".

In response, Alipay's customer service said that in order to make it easier for you to have a clearer understanding of the actual consumer credit service provider, the consumer credit service provided by the financial institutions that cooperate with Ant has been updated to "credit loan", and the name of the financial institution is displayed on the credit loan page. After this adjustment, the original borrowing, auditing, repayment and other services will not be affected.

On January 9, according to Shanghai TV news, Alipay's small loan product "Ant Borrow" may have voluntarily closed some users to control the loan balance due to excessive leverage and violation of relevant regulatory regulations of the central bank. In April 2018, when Liang Yiming's credit card limit was reduced by 80,000, he borrowed 60,000 yuan from several large platforms such as Borrow, WeLoan, Paipai Loan, and Ping An Puhui. But after giving his wife and children living expenses and a mortgage, the money left over each month is not enough to repay these loans.

And when he also took out a loan on one of the platforms and planned to take it out again to repay other loans, he got prompts that "the comprehensive score is insufficient and he can't borrow temporarily". "In the past, I can borrow several times with a paipai loan, and there is still more than 20,000 yuan in it. I want to lend it out to pay off the debt.

As a result, you can't borrow it. Said let me supplement the information for a month before borrowing. But a month later, the same result was the same.

Debt is looming. In the end, the only one that can be paid is the 714 anti-aircraft artillery platform. Liang Yiming borrowed three at one time for this reason, and all of them were paid.

After paying off the loan owed, he even had a surplus in his hand. At that moment, he felt that he could live a peaceful life for the time being. However, those who fall into the 714 anti-aircraft artillery loan will not have a stable life.

Of course, it is good for Ant to borrow and be able to repay the loan in advance, so as to save a lot of interest.

Borrow. You can repay the loan in advance, but the early repayment of the loan will lead to a decrease in the amount of the individual's borrowing, and the loan will be repaid in advance.

It is not suitable for customers, because the interest rate of borrowing is high in the early stage, and the main thing in the later stage is to repay the principal, if the user repays the loan in advance, the principal in the later stage is actually not much interest, and it is not cost-effective to repay the loan in advance.

Extended Materials. 1. Can I make a minimum repayment for borrowing?

Alipay borrowing is not allowed to go through the minimum repayment procedures after the expiration of the loan, but the borrower can repay the loan in installments during the loan period. Because borrowing is a daily interest-bearing loan product, there is no minimum repayment option, and the repayment amount of each installment must be repaid according to the specified amount. If the borrower is unable to repay the loan on time and in full, the individual's sesame credit score will be relevant.

and credit reporting.

2. Will there be interest for early repayment?

What is charged is interest on the days you actually use. For example, if you borrow $10,000, the daily interest rate is $5. If you originally planned to repay the loan in 3 months, but you only took 10 days to repay all the money, then the actual interest charged is 5*10=50 yuan.

In addition to this, if you only pay a portion of the amount early, then the interest on the remaining arrears will decrease as the principal amount of the arrears decreases. In this case, the interest after partial prepayment, the daily interest = the remaining principal * the daily interest rate.

3. Can I apply for deferred repayment if I borrow?

If you must repay the loan on time and there is no grace period, you cannot apply for a deferment of repayment. The repayment date of the loan is usually determined by the date of the first loan, if the date of the user's loan is the 10th, then the loan needs to be repaid before the 10th of the next month. The specific situation still needs to be subject to the official explanation of the borrowing, and it is necessary to pay attention to the repayment on time to avoid the adverse effects caused by overdue.

4. Can the repayment date of the loan be changed?

The repayment date of the loan is determined based on the date of the first loan and cannot be modified.

However, since borrowing is a daily interest-bearing product, it supports borrowing and repaying at any time, and you can choose to repay at any time when you don't need it. Therefore, the repayment date is relatively free, and it does not matter if the repayment date is not modified.

You can repay the loan early. One of the characteristics of borrowing is that you can borrow and repay at any time, but if you repay the loan early, then the interest will be calculated on a daily basis.

The process of early repayment is as follows:

1. iPhone12 version of the phone, open the Alipay version, click "My", find "Ant Borrow" and click.

2. Click "Repayment" in the upper right corner and click "Loan History".

3. Click on the loan slip you want to repay, and the loan term will be displayed on it.

4. Click "Early Repayment" to enter the early repayment.

5. Enter the amount to be repaid, and the amount to be repaid and the interest will be displayed.

6. Click "OK" and enter the payment password.

7. Alipay will notify you after the repayment is successful.

Is it a loss to borrow early repayment?

Logically, nature is not going to lose. You should know that the interest on early repayment is calculated until the day of early repayment, and you can pay less interest one day early.

For example, suppose you borrowed 1,000 yuan for 3 months to repay, the daily interest rate is 4/10,000, and you would have to pay a total of 36 yuan in interest, but you used it for a month to repay the loan in advance, and you only need to pay 12 yuan of interest, you can save 24 yuan of interest, don't look at this money is less, 24 yuan may be used to buy a lottery ticket to win a jackpot and you will send it. It can be seen that borrowing early repayment will not be a loss, if you have money on hand and do not need to use it for the time being, then you can repay the loan in advance.

The impact of borrowing early repayment:

Not to mention this, borrowing early repayment will indeed have an impact, but the degree is mild and severe, which will generally lead to the following results:

1. You can't borrow after repayment: Your early repayment proves that you are not bad at all, but Han Xiangmo is not able to earn more money on you, it is better to give this opportunity to those who really need it.

2. The amount is reduced after repayment: If you repay the loan in advance, the system will naturally think that your demand for borrowing is not very large, so it will naturally reduce your limit, and talk about giving your amount to people who need it more.

3. The borrowing is closed: Since the early repayment of the borrowing can only recover a small amount of interest, the system will also judge that the early repayment has little demand for the borrowing banquet, and directly close your borrowing and borrowing.

Unlike Huabei, there is no interest-free period, and interest will be charged from the first day of use. If you are a user who is ready to repay in advance, it is best to give priority to equal principal and interest, but try to ensure that your repayment period is more than 3 months, and use early repayment as little as possible so that it will not have a negative impact on yourself. If you have limited financial capacity at present, you can choose to pay interest first and then principal, but you must ensure that you can repay the principal at one time at the end, so as not to affect the credit investigation.

However, no matter which repayment method you choose, everyone should try their best to have sufficient balance in their account, which can not only avoid overdue, but also allow the platform to recognize everyone's financial resources, which will be of great help to increase the amount.

You can repay the loan in advance, click Alipay, select Borrow, select Repayment, click Early Repayment, and at this time, it will prompt "Borrow and repay at any time, and early repayment will be free of handling fees".

If you borrow 10 yuan and repay it in advance on the third day, then only three days of interest will be charged, and no handling fee will be charged; If you borrow 100 yuan, borrow for 20 days, and want to repay 10 yuan on the 10th day, then you need to pay 10 yuan plus the interest on the principal of No. 1 to No. 10, that is, the interest of 100; On the 20th day, you need to repay the remaining 90 yuan plus the interest from the 20th to the 30th, that is, the interest of 90 yuan from the 10th to the 20th.

If you want to continue to use the borrowing, it is not recommended to repay in advance, because early repayment may lead to the temporary closure of the borrowing, or the amount of the loan is reduced, this kind of situation is to prevent those who maliciously brush the score, as we all know, ant borrowing is closely related to sesame points, and regular use of borrowing can improve the sesame credit score, so there will be a large number of same-day borrowing, the same day repayment.

The condition for opening a loan is that the sesame credit score reaches more than 600 points, according to the different scores, each person's loan amount is also different, the amount ranges from 10 million to 300,000 yuan, the longest repayment period is one year, the interest is calculated on a daily basis, and the daily interest rate is. It's okay to repay the loan in advance, but remember not to overdue, borrowing is to deduct from time to time on the repayment date, if the deduction fails to be overdue, once overdue, the sesame credit score will decline, if you do not repay the arrears for a long time, you may not be able to use the loan, or other Alipay credit services, if the overdue time is more than one month, it will be recorded on the credit system, resulting in the bank's credit services can not be handled in the future, and more than three months of failure to repay may receive a lawsuit from Alipay. Don't take it lightly if borrowing is an online loan, in fact, the punishment is not lighter than any troubled bank.

Please click to enter a description (up to 18 words).

Yes, click Repay and enter the repayment amount.

Ants can repay their loans in advance. One of the characteristics of borrowing money is borrowing money to repay it. However, in case of early repayment, interest will be calculated on a daily basis.

The prepaid process is as follows:

1.Open the Alipay client and click Ant to borrow money.

2.Click on Ant Borrowing to enter the homepage. After the borrowing is successful, the repayment type will show our amount, then the repayment plan, etc.

3.At this time, we will see a repayment button in the upper right corner of the interface, click to repay.

4.Then we will see our loan contract. We can click on repayment below. We don't need to click on any of them to rent his operations.

5.When repaying, we will see that it shows information such as service fees that we all need, and we can take a look.

6.Then, after the submission, it's also a time period. We need to wait for repayment.

Although users choose to repay in installments when applying for Ant Borrowing, they can apply for early repayment at any time if they want to repay in advance, and no handling fee is charged for early repayment, and the interest is also calculated to the day of early repayment, and there is no need to pay the subsequent interest after the early repayment is successful.

For example, if the user borrows 5000 yuan in borrowing and repays it in 12 months, the daily interest rate is, and if he wants to repay the loan in advance after 5 months, and the principal is 3000 when he repays in advance, and 10 days have passed since the last repayment date, then the amount of early repayment is 3000*.

After paying off the 3009 on the same day, there is no need to pay interest.

In addition, early repayment supports full early repayment and partial early repayment, and users can freely choose according to their own situation on the interface of early repayment.

In addition, after the loan is repaid early, the prepaid amount will be automatically restored, and the user can use the loan again within the limit.

Provide a more comprehensive credit profile that is negotiable. Jianchang suggested that before taking out a loan, you should first check your credit status through "Zhiyi Big Data", so as to better plan your personal finances and be fully prepared for your financial planning.

Extended Information: Does Huabei have to repay before the 9th repayment date?

The 9th is the repayment date of Shichen Huabei, and it is not necessary to repay before the 9th, you can repay the loan on the 9th, as long as the bill is repaid according to the regulations before 24 o'clock on the 9th, it is not overdue, if it exceeds the 9th and then repays, it is overdue, which will have a greater impact on personal credit.

Huabei repayment does not have a grace period, does not support deferred repayment and negotiated repayment, consumers must repay on time in accordance with the content of the contract after use, miss the repayment date is overdue, consumers need to bear the corresponding overdue responsibility.

In particular, Huabei is fully connected to the credit information system, and after consumers are overdue, it will not only affect the Huabei quota and sesame points, but also may be reported to the personal credit information system by the platform, leaving bad loan records on the credit report.

Therefore, if consumers feel pressured to repay the bills, then they should apply for bill installments or minimum repayment in time, although they will have to pay some handling fees, but it is also much better than affecting the credit investigation or incurring penalty interest after the lender is overdue.