What are the 360 IOU repayment methods?

360 IOUs.

The repayment method can be chosen when applying for a loan, and people can choose the repayment method according to their own financial situation.

For example, if you are in business and you can turn it around next month, then the way of borrowing and repaying is more cost-effective, although the repayment interest rate is higher, but because of the short time of use, the overall interest will not be much.

The other is installment payment, which is more suitable for people with a stable income, such as I want to buy a computer and repay it in 12 installments, so that my repayment pressure will be less and will not affect my life.

If you don't know much about interest calculation, you can check the information by yourself and choose the appropriate way based on your own situation.

First: income.

If your income is relatively stable, you can borrow 360 IOUs for capital turnover, and then you will take out part of your income to repay the loan, then this method is still very suitable for installment repayment. If you need a short-term loan or turnover to do business, and you can repay the loan after recovering the payment, then the way of borrowing and repaying at any time is more cost-effective.

Second, the time of use.

Because the way of borrowing and repaying is slightly higher than the way of repayment in installments, people should also pay attention to making a choice according to the interest rate when choosing a repayment method. Generally speaking, if the borrowing time is more than half a year, it is recommended to use the installment repayment method, and if it is a loan within half a year, you can use the repayment method of borrowing and repaying at any time.

Of course, these two points are only the basic direction that people refer to, in addition to the amount of borrowing, the purpose of the loan and other dimensions, in short, choosing the right repayment method for yourself is the most important.

There are now two main ways to repay 360 IOUs.

One is borrowing and returning at any time, which is suitable for people with short-term turnover;

The other is installment, which is more suitable for people who have financial needs and have a relatively stable income.

There will be options for these two repayment methods when borrowing, and choose the one that suits you.

The transfer method of 360 IOU is still relatively flexible, and if you choose it well, you can actually pay less interest.

I have simply calculated that if the user borrows and repays at any time, then if it can be repaid in about half a year, it will have less interest than the repayment method of one year. However, if it takes a long time, it is more suitable for installment repayment, which can reduce the pressure of repayment, suitable for office workers with a stable income, and can also help people do a good job in financial planning.

But no matter what, you should be cautious about borrowing money, especially to ensure that your life philosophy and consumption expenses are healthy.

The repayment method is; Take vivo mobile phone operation as an example:

The first step is to open the 360 IOU, enter the My page, and see "Loan and Return Record" at the top of the page.

The second step is to click to enter the loan and repayment history page, where you can see the loan record.

Step 3: Click to enter the loan details page, where you can see "Repayment Plan".

<> the fifth step, click "Early Repayment", and the inquiry window will pop up.

Step 6: Select "Resolutely Pay Off", enter the payment page, and then confirm the repayment.

When repaying 360 IOUs, there are generally manual repayments and automatic repaymentsIf you don't know that the entrance to repayment is in**, then you can put the money in the bank card, as long as your 360 IOU is bound to a bank card, then the 360 IOU will be automatically deducted from your bank card over time.

In general, the automatic deduction will be concentrated in three periods of the dayThe first is that the 360 IOU will be automatically deducted once at 7 o'clock in the morning, followed by once at 4 o'clock in the afternoon, and the last deduction will be at 8 o'clock in the evening。If you don't make a successful deduction within these three time periods, then you are considered overdue if you haven't made a manual payment after 12 p.m.

If you have enough funds on hand and can repay manually, then you ** a 360 IOU, app, find an option in the lower right corner of the app to select the repayment bill, and then click on the four words to view the details in the repayment bill, so that you can see your bill, and then you can click to repay now, you can select the latest bill you need to repay After repayment, you only need to pay, then it can be regarded as a successful repayment.

If you don't have money in your bank card, but you are bound to WeChat, and you also have money in WeChat, then you can also use WeChat to repay by manual repayment, which can be repaid successfully.

When borrowing online, you must not be overdue, because 360 borrowing will definitely be on the credit, as long as you have overdue behavior, and maliciously delay not repaying, then in the later stage your credit will be recorded on your repayment overdue behavior, so for you, your credit has been very seriously affected, if you are in a long-term overdue situation, then you may eventually be blacklisted, and you will even be restricted from traveling in the future, These behaviors will seriously affect your daily travel and normal life in the future.

360 IOU repayment, as long as the bank card is bound, you can automatically repay through the background on the repayment date.

They have a repayment button, which will only be automatically deducted as long as you have enough money in your account and follow certain actions.

First of all, we must handle automatic repayment, and then on the repayment date, the system will automatically deduct the money from your bound bank card.

Repayment by binding a bank card, which is possible on any platform.

If you want to do it in other ways, you need to see if there is a relevant interface.

There are several conditions that need to be met.

Principal, daily interest rate, number of days.

The principal multiplied by the daily interest rate is the interest per day.

The interest multiplied by the number of days per day equals the final interest.

There are several types of repayment methods:

1. Equal principal repayment, the repayment amount in the first month of equal principal repayment is the largest, and the repayment amount of each subsequent month is decreasing.

2. Equal principal and interest repayment, equal principal and interest repayment to repayment settlement, the loan amount that needs to be repaid every month is the same, suitable for borrowers with stable income.

3. Interest first and principal later, only the loan interest will be repaid in the early stage, and all the principal plus interest will be repaid in the last installment.

Further Information: Interest is calculated on a simple interest rate basis for equal principal loans. At the settlement time of each instalment, it only accrues interest on the remaining principal (loan balance), which means that the unpaid loan interest is not calculated as interest together with the unpaid loan balance, but only the principal is calculated as interest.

The monthly repayment amount decreases, showing a state of decreasing month by month; It is to divide the loan principal evenly according to the total number of months of repayment, plus the interest on the remaining principal of the previous period, so as to form a monthly repayment, so the repayment amount of the first month of the equal principal method is the most, and then decreases month by month, and the more you repay, the less you repay.

Compared with the two, when the loan term, amount and interest rate are the same, the monthly repayment amount of equal principal repayment method is greater than the equal amount of principal and interest at the initial stage of repayment. However, based on the entire repayment period, the equal principal repayment method will save the loan interest expenses.

The advantage of equal principal and interest is that the monthly repayment amount is the same, which is convenient for arranging income and expenditure, suitable for economic conditions, and does not allow excessive investment in early repayment, and the income is in a relatively stable state. The downside is that you need to pay more interest. However, most of the amount repaid in the previous period is interest, and the proportion of the principal only increases after the repayment period is more than halfway, so it is not suitable for early repayment.

The advantage of equal principal is that the total interest is less relative to equal principal and interest. The repayment amount decreases every month, and it will be easier to repay it later on. And because the proportion of principal repaid in the early period is larger, and the interest ratio is smaller, it is very suitable for early repayment.

The disadvantage is that the early repayment pressure is greater, and it needs to have a certain economic foundation and be able to bear the greater repayment pressure in the early stage.

Repayment Methods for 360 IOUs:

1. Automatic repayment. Once the user successfully applies for a 360 IOU, the system will automatically deduct the principal and interest of the loan that needs to be repaid in the current period from the user's repayment account during the three time periods of 7 o'clock, 16 o'clock and 20 o'clock on the repayment date. This repayment method can avoid the situation that the user forgets to repay the loan and the loan is overdue.

2. Manual repayment. Users can take the initiative to log in to the 360 IOU app and run manual repayment on the app. If the user misses the automatic deduction time on the repayment date, they can also choose to repay the loan manually to avoid overdue.

In addition, when the 360 IOU is manually repaid, in addition to the bound savings card can be selected to run the repayment, you can also use WeChat Pay to run the repayment. Select WeChat Pay when repaying, and enter the payment password to repay.

The second step is to put the money that needs to be repaid into the bank card ready to be repaid, and the funds must be sufficient.

Step 3: Go to the bill, click on the early repayment below the repayment, and then pay from the prepared bank, and wait for the repayment to be completed.

Automatic repayment: On the repayment date, the user needs to ensure that the default repayment card has sufficient funds, and the system will automatically deduct the payment during the three time periods of 7 o'clock, 16 o'clock and 20 o'clock, and the deduction result will be sent in the form of SMS.

If the user is repaying the loan, the page prompts system maintenance, which may be the maintenance of the corresponding bank card deduction channel, and the user can log in to the 360 IOU app to use WeChat Pay or change the card to try to repay. If the loan is still not repaid, the user can directly contact the 360 IOU manual customer service to consult the specific reason.

Reasons for 360 IOU repayment failure:

1. The default repayment card has insufficient funds. If the repayment funds are insufficient, you need to top up in time and wait for the system to initiate the deduction again. If the repayment time exceeds 20 points, the user needs to repay the loan manually.

2. The bank card is lost, frozen, cancelled, and expired. Users need to go to the relevant bank to handle relevant business, and may need to replace the card.

3. Repayment bank cards are restricted. Replace the repayment card.

Version information: Take the 360 IOU version, Apple 13 (system), and Huawei Mate40 (HarmonyOS2) as examples.

360 IOUs.

It takes about 5 minutes for the repayment to be processed. The 360 IOU arrives in real time after repayment, but because the system needs to confirm the repayment situation and return the repayment data, it will take a period of time in the middle, so it will cause the repayment processing to be displayed on the page, and the repayment will be updated in about five minutes, showing that the repayment is completed. There are two ways to repay 360 IOUs.

1. Take the initiative to repay.

You can choose to repay the loan on the 360 IOU app on your own initiative, as long as you repay the loan before the repayment date. Generally, after you choose the number of installments and borrow money, the app will inform you of the repayment plan, and you can repay the loan in installments according to the repayment plan.

2. Automatic repayment.

Many people think that it is troublesome to have to repay manually every month, but in fact, you can apply for automatic repayment, and after automatic repayment, the system will automatically remove the savings card you bound for repayment on the repayment date.

You just need to make sure that you have enough funds in your savings card. Many people say that when they repay a 360 IOU, they keep showing that the repayment is being processed, even if they choose to repay manually. Generally, this kind of problem may be caused by the system, and you can indicate the situation to customer service.

Extended information: IOU is a personal and small and micro credit platform under 360 Digital Technology (formerly 360 Finance), launched in September 2016, based on 360 big data to evaluate customer credit, and on this basis, to provide instant consumer loans.

July 7, 2021, U.S. stocks.

Listed fintech.

The advantages of IOUs are mainly reflected in the large number of users and high activity, the possession of massive user credit data and behavioral data, and the Internet technology that advances first.

Convenient experience and professional and high-quality team. The 360 Group has more than 500 million PC users and more than 700 million smartphone users, and the user usage rate is high. According to third-party statistics, 360 ranks first in mobile security products, PC browsers and Android mobile phone application market operations.

As an Internet security company, 360 takes data-driven security as the company's core competency; In the field of big data, it has a large amount of user credit data and behavior data, and the talent reserve is ready.

It has outstanding technology accumulation and has been recognized by international evaluation agencies for many times.

1. How to replace a 360 IOU repayment bank card?

If you need to change the bank card that is automatically debited, please directly click "Personal Center" - "Bank Card Management" - "Add New Debit Card" to bind it (and click "Default Card" to unbind it).

2. How is my current repayment amount calculated?

Repayment amount of each installment = comprehensive loan rate * actual number of days in the current period * (loan principal - accumulated repaid principal) + loan principal Number of loan periods.

3. How long does it take to repay the loan after borrowing, and can I repay it after only borrowing for a few days?

Once you have successfully borrowed money, you can repay the loan early from the date of borrowing (one day's interest will be charged on the day of borrowing).

I have multiple loans that have been automatically repaid at the same time, but there is only one deduction on the repayment date, why is this?

Since the repayment date of your multiple borrowings is on the same day, we will add up the repayment amount of your multiple borrowings and deduct the payment at one time, and you can go to the 360 IOU page to view the repayment history.

4. Why is it reminded that I cannot repay the loan at present?

When a repayment is being processed, in order to avoid duplicate deductions, we will temporarily restrict the active repayment function, and it is not possible to repay the IOU again. But your repayments on other IOUs can still be manipulated.

5. My loan is overdue, I have to repay it now, what should I do?

You can click "Repay" on the homepage of 360 IOU and follow the instructions on the interface to complete the repayment process.

6. What are the ways I can repay the loan?

1) Automatic repayment: You only need to ensure that the funds of the repayment bank card (i.e. the repayment bank card you choose) are sufficient to repay the current repayment amount on the day before the agreed repayment date, and the bank will operate the automatic deduction at 8 o'clock on the repayment day, if the balance of the current account is insufficient, it will be deducted at 16 o'clock on the repayment day, and if the deduction is still unsuccessful due to insufficient amount, it will be deducted again at 20 o'clock on the repayment date (be sure to confirm that the current account status is normal and the balance is sufficient before 16 o'clock on the repayment date and before 20 o'clock on the repayment day). (You can pay attention to check the SMS or log in to your account to view).

2) Early repayment: You can enter the "360 IOU" at any time, click "Repay the loan in advance", and complete the repayment according to the prompts on the page.