Do I have to repay the loan every month? When to repay the loan each month

According to the situation of different customers, the amount of borrowing is distributed between 500-300,000 yuan, and it should be noted that Ant Borrowing is a personal credit report at the meeting, and frequent small loans will affect your subsequent mortgage applications, so you would rather use Huabei (Huabei does not have a personal credit report), and try to use borrowing as little as possible.

The reasons for the continuous reduction of the borrowing limit are as follows:

1. The amount of borrowing has been reduced and related to personal sesame credit, if Sesame Credit has a default record, such as overdue borrowing, overdue Huabei and other untrustworthy behaviors, then the amount of borrowing will be reduced.

2. The lack of activity of Alipay may also lead to a decrease in the borrowing amount, for example, if you don't use borrowing for a long time, then the system will leave part of the amount to those who need it more.

3. There are risks in user abnormalities, such as expiration of ID cards, changes in personal information, etc., which will make the system think that there is a risk in lending money to users during evaluation, so reduce the amount of additional borrowing.

4. Frequent early repayment will also lead to a decrease in the amount of borrowing, although borrowing supports early repayment, but early repayment will allow borrowing to lend the money again during this time, which increases its operating costs.

Hello, definitely need to be repaid every month. Because you need to repay the money after you settle the payment. Some are repaid in lump sums, while others are repaid in installments, so either way, you're sure to pay it back in the first month. Installments are paid back every month.

Yes, microfinance will also affect your own credit information, after all, it is necessary to report to the credit center, and it is recommended to repay the loan on time.

Borrow. The repayment date is generally determined according to the application date of the customer's first loan, and subsequent loans are usually repaid on schedule on that date (the specific repayment date is subject to the contract and page display). Here's an example:

Assuming that the time of the customer's first borrowing is the 10th, then the repayment date of the customer's borrowing is the 10th of each month.

Of course, you need to note that if the time of borrowing for the first time is from the 29th to the 31st of each month, then the repayment date on the 29th is fixed on the 1st of each month, the repayment date on the 30th is fixed on the 2nd of each month, and the repayment date on the 31st is fixed on the 3rd of each month.

Extended Materials: Borrowing"Current name Credit Loan''It is a loan service launched by Alipay, according to sesame.

Depending on the number, the amount of loan that users can apply for varies from one person to another. 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.

January 9, 2018, or for excessive leverage and violation of the central bank.

Relevant regulatory regulations have taken the initiative to close some users to control the loan balance.

On November 8, 2021, it was reported that Alipay"Borrow. "The name has been changed to"Line of Credit"。In response, Alipay's customer service responded that in order to facilitate 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"Line of Credit"and display the name of the financial institution on the credit page. After this adjustment, the original borrowing, auditing, repayment and other services will not be affected.

Borrow. "It is a loan service launched by Alipay, and the current application threshold is more than 600 sesame points. Depending on the score, users can apply for loans ranging from 1,000-300,000 yuan. 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.

At present, the consumer loans launched by e-commerce giants.

It is mainly for the installment in the consumption scenario of the e-commerce platform, but with the continuous accumulation of personal credit data, it is aimed at personal credit loans in the non-consumption scenario.

It is also being rolled out one after another. Here's the actual experience of raising the quota:

1. Deposit Yue Bao.

Uncle; One of the reasons why I am not optimistic about these Internet companies engaging in finance is that they do not have the experience of receiving users who can't even distinguish between interest and fees.

This part of the business will naturally have an impact on the bank's similar business, after all, the scale of several major Internet giants is there. But not every industry is suitable for the internet. The amount is too low, and the repayment of the principal in installments is a bit of a chicken rib, which is destined to be difficult to replace the position of traditional finance.

Borrow. After borrowing money for a month, if the repayment is made on time, then the repayment funds include interest. After borrowing for one month, if the user chooses to pay off early, the interest on the loan will be calculated on a daily basis, and the user still needs to pay the interest when the loan is paid off early.

Interest will be repaid every month for regular repayment, and no interest will be accrued after early repayment.

The borrowing term can be selected for one month, and if you only want to borrow for one month, you can directly choose to pay off in advance after one month of borrowing.

The borrowing period is generally three months, six months, and twelve months, so after borrowing money on the 14th, you do not need to repay the loan immediately on the 24th of the month.

The repayment date of the loan is generally fixed according to the time of the first borrowing, and subsequent borrowings are often repaid on schedule on that date (if the first loan occurs from the 29th to the 31st, the repayment date on the 29th is fixed on the 25th of each month, the repayment date on the 30th is fixed on the 26th of each month, and the repayment date on the 31st is fixed on the 27th of each month).

For example, if you borrow money on the 14th, the repayment date should be the 14th of each month after that.

Therefore, it is enough to repay the loan on the 14th of the following month.

There are two ways to borrow, the monthly equal amount is the monthly repayment of the same amount of Tuanzhou (including principal and interest); Interest before principal is to repay only the interest every month, and then repay the principal and interest of the current month in the last month.

Of course, since borrowing also supports borrowing and repaying at any time, it is no problem to choose to settle in advance on the 24th after borrowing on the 14th, and the interest will be calculated according to the actual number of days at that time.

Borrowers who apply for loans too often or carry out loan operations frequently will increase their personal credit risk. The higher the risk score, the more likely it is that the application will be rejected.

Extended information: What should I do if the loan is suddenly closed without paying off?

If the borrowing has been closed by the system before the loan has been paid off, don't worry too much, after all, the borrowing has opened the automatic repayment function by default, as long as you ensure that there are sufficient funds in the balance of the Alipay account, the bound debit card, and the balance treasure, the system will still deduct the corresponding amount from it for repayment as usual on the repayment date.

You must know that after the borrowing account is frozen, it mainly affects the inability to borrow again, but it generally does not affect the repayment, that is, it is in a state of "only in but not out".

It is necessary to pay attention to the status and capital trends of the above accounts at all times, and once the balance is found to be insufficient, you need to deposit money in time to avoid affecting the system deduction on the repayment date; If you find that the status of the card is different, you should also contact the bank in time to solve it, and you can change to a bank card.

Note that you must not fail to repay the arrears, once the overdue behavior occurs, it will inevitably lead to damage to personal credit and bring serious adverse effects, which will not only generate penalty interest, but may also make it more difficult to unfreeze and recover the borrowing account.

The repayment date of the loan is determined by the application date, and the date of the first loan is the repayment date of the next loan, and the repayment date is fixed.

Borrowing money from No. 1 to 28, the repayment date corresponds to the borrowing date, and the repayment date is specified as the 25th of each month; Borrow money on the 30th, and the repayment date is set to be the 26th of each month.

The repayment on the day of the loan repayment date is not considered overdue, but it should be noted that the repayment operation must be completed before 24 o'clock on the day of repayment.

The repayment date of the loan is generally determined according to the application date of the first loan, and the subsequent loans are usually repaid on schedule on that date (the specific repayment date is subject to the contract and page display).

Here's an example:

Assuming that the time of borrowing for the first time is the 10th, then the repayment date of the borrowing is the 10th of each month.

Of course, it should be noted that if the time of borrowing for the first time is from the 29th to the 31st of each month, then the repayment date on the 29th is fixed on the 1st of each month, the repayment date on the 30th is fixed on the 2nd of each month, and the repayment date on the 31st is fixed on the 3rd of each month.

In addition, if the first loan date is less than 15 days from the nearest repayment date, it will be postponed to the next repayment date as the first repayment date.

The repayment date of the loan is fixed and cannot be changed temporarily, so remember to repay the loan on time within the specified period to avoid overdue behavior (the automatic deduction time of the system on the repayment date may not be fixed, it is best to charge money before the repayment date, or operate manual repayment).

If you have applied for too many times and are worried that your big data will lead to the inability to get a car loan or a housing loan in the future, you can query your big data in the "Four Happiness Data", which provides accurate information for debtors, those who apply for too many online loans, loan users and platform risk control personnel. You can quickly query all kinds of big data, such as arrears records, loan applications, credit reports, etc., so that you can better understand your credit status and expand your information

Will Huabei's normal repayment still be on the credit report?

As long as Huabei is upgraded and the platform is authorized to report personal credit, then the normal use of Huabei will be recorded on the credit report, and the normal repayment will still be recorded, of course, as long as it is not overdue, these normal records will not bring any trouble.

Because Huabei is fully connected to the credit information system, the cost after the overdue period is greater, which is mainly reflected in the following points.

1. Credit will be harmed.

2. It will be collected by the platform.

3. The evaluation score will be lowered.

4. The quota of Huabei will be frozen or reduced.

5. The platform will require you to settle the arrears in advance.

6. It is not conducive to carrying out other credit activities in the future.

7. Malicious overdue will be prosecuted.

8. Affect the use of other products on Alipay.

9. Penalty interest will be incurred.

10 sesame points will be lowered.

Therefore, if you feel pressured to repay the loan after using Huabei, you should also apply for a bill installment or minimum repayment as soon as possible, so as to avoid overdue.

Ant borrowing repayment date: Counting from the day of borrowing, check the loan contract, what is the maturity date of the last big vertical month, then this date of each month is your last repayment date.

If the time of the first loan is the No. 10 liquid key, then the repayment date is the 10th of each month, that is, the repayment is made on the 10th of each month; If the first borrowing time is on the 29-31st of each month, then the 29th repayment date is fixed on the 25th of each month, the 30th repayment date is fixed on the 26th of each month, and the 31st repayment date is fixed on the 27th of each month.

Summary. Dear, it is impossible to repay only the interest every month.

It has two repayment methods, the first is to repay the interest first, and then the principal is repaid.

The second way is to repay the principal plus interest in equal amounts.

If you choose the first way to repay the interest first, you will repay less in the front and more in the future.

The second way is to divide the interest and principal equally, and the repayment is neither too much nor too little.

How to borrow only repay interest every month.

Pro, it is impossible to repay only the interest every month, and it has two repayment methods, the first is to repay the interest first, and then to repay the principal. The second way is to repay the principal plus interest in equal amounts. Choose the first type of party to repay the interest first, the front will pay less than the surplus, and the back will pay more holes.

The second way is to divide the interest and principal equally, and the repayment is neither too much nor too little.

When it comes to borrowing money, there are two ways for you to choose, and you can choose according to your situation.

If I haven't repaid the principal by the last month, what should I do, and can I continue to installment?

Speak. Dear, you have to wait a little, I don't just serve you, at least I have to give 5 minutes of patience, don't you?

When borrowing, you have already chosen the repayment method of the auction group, and you have not repaid the principal in the last month, and you can only ask the customer service staff of Alipay in advance to explain the situation to the first grandson, and ask them to give a reasonable repayment method.

Why I am interest-first and principal later, I like to repay the principal in installments with interest every month.

Dear, that is, you didn't see it clearly when you chose the repayment method in the first place. When borrowing money, you have already chosen the repayment method, and you can't modify it later.

So think carefully when borrowing money and choose the repayment method you want.

With the increase in people's demand for borrowing, many loan platforms have been born in the market, among which Alipay's borrowing has a high popularity.

However, if the borrower uses Ant Loan but fails to repay the loan according to the repayment time, there will be an overdue record, which will affect Sesame Credit and even affect personal credit reporting, and form a certain resistance to the borrower's future loan application and credit card application. In addition, late payments may incur additional fees, such as penalty interest.

This answer is provided by Compo 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. I hope you find this answer helpful.