Pros and cons of early repayment in Huabei, is it better to repay in advance or on time in Huabei?

1. Don't worry about the risk of overdue, the repayment before or on the same day set by Huabei is not overdue, which is in line with the use of Huabei;

2. Don't worry about having a bad credit record for early repayment, if you repay the loan more than the Huabei repayment date, there will be a bad credit record for personal credit, and if the personal credit is poor, the difficulty of the loan will increase in the future;

3. No interest will be generated, Huabei has a 40-day interest-free period, and early or on-time repayment will not generate interest.

The above are the benefits of early repayment in Huabei.

1. The limit may be reduced, and early repayment will be deemed to be no need for borrowing, so the amount may be reduced;

2. Huabei may be closed, and the act of early repayment may be identified as suspected of arbitrage, so Huabei may be closed.

The above are the disadvantages of early repayment of Huabei.

Huabei, also known as "Ant Huabei" is a consumer credit product launched in April 2015, mainly used when shopping on Alibaba's online platforms such as ** and Tmall, and has been launched in cooperation with more than 40 consumer platforms. The quota of Huabei is granted to consumers by the background according to the user's consumption habits, personal credit, etc., using big data and other means.

Huabei repays the loan on time. Although they are all "repayment", there is still a big difference between repaying on time and repaying in advance! Although early repayment can show that you are a very trustworthy user, if you do this often, it will make Alipay think that you have little demand for Huabei, and it will be difficult to increase the amount of Huabei at that time, so if you can't lack Huabei in your life, then don't repay in advance frequently.

On the other hand, on-time repayment is also divided into minimum repayment, installment repayment and repayment within the repayment day, of which the repayment within the normal repayment day will not produce a handling fee, and the choice of minimum repayment, installment repayment, will generate a certain amount of interest expenses, and for this repayment method, it is also Alipay's favorite, after all, it will make Alipay profitable, and Huabei will also give this kind of users a fast ** limit.

Huabei supports installment or deferred repayment, but you have to pay the corresponding interest and handling fees, which is a bit less cost-effective. Because the fees you pay are much higher than the bank interest and the yield of Yue Bao.

For example, Huabei installment, for example, the handling fee in 3 installments is, and the handling fee in 12 installments is. Deferred repayment rates are also between 8-24%, so try not to do this unless you have to.

If you are really tight and can't repay on time, you can choose to pay it back in installments or extensions, but if you have money in hand, you can pay it back immediately, because installments and extensions are calculated on a daily basis, which can reduce interest expenses.

Huabei repays the loan on time.

While prepayment and regular repayment result are the same, there are some differences. The first is early repayment. If you choose to prepay, not only can you improve your credit score, but it can also prove that you are a good credit person, and Alipay will also think that you have financial means.

However, in this way, the system will judge that your demand for Huabei is not very large, resulting in the slow growth of your Huabei quota.

If you pay on time, Alipay will think that you have a demand for Huabei based on big data, so it will increase the Huabei quota faster.

I think it's better to repay the loan on time.

Not much of a difference. The biggest difference is that it affects the amount of Huabei**, first of all, if you repay the loan in advance before the repayment date, and you pay it off at one time, then the Alipay system thinks that this user has little demand for Huabei, and there is enough economic ability to repay Huabei, so Alipay does not need to give this user's quota to **, which also proves that you are a very trustworthy person from the opposite side. And if you choose to use on-time repayment or on-time installment repayment, then you are repaying on time within the specified time of Alipay, then your credit is also very good, and it proves that you are also a very punctual user.

But because you are not repaying in advance, the Alipay system defaults to your economic ability is not too strong, so the demand for this lace is still quite large, so the Alipay system will automatically increase your Huabei quota so that you can better use Huabei, so many netizens have been saying that their Huabei quota has not been improved, in fact, it is because you often use early repayment to cause such a result.

First, it can be said that Alipay's launch of this Huabei is really too practical, and Alipay has also made great publicity for Huabei, so now there are more and more users of Huabei, it is understood that there are 300 million Huabei users among the 1 billion Alipay users. But if you use Huabei, you still have to use it reasonably and rationally, and don't overuse it, because the money you use is still your own, but you advance it in advance, and in the end you have to pay it back, if you can't pay it back on time, then the impact on you will be very big.

Second, friends who often use Huabei should know that although Huabei can alleviate our urgent needs, we actually borrowed money from Alipay, and we still need to return it within a certain period of time. Alipay Huabei is also more user-friendly, and there are two repayment methods, namely early repayment and on-time repayment. It is estimated that there are many friends who repay according to these two methods.

Third, Huabei's early repayment refers to the fact that Huabei has paid off all the arrears before it is "out of the account". If the user insists on early repayment for a long time, he can not only quickly improve his Sesame credit score, but also will be judged by the Alipay system as a user with high creditworthiness. But on the other hand, due to long-term early repayment, the Alipay system may be mistaken for users with limited spending power or low demand for Huabei, and the Huabei quota is very slow, or even not.

Paying repayments on time" is still very important. First, the user has a good reputation and strong ability to repay the loan. Most importantly, they can afford debt and have a lot of psychological tolerance.

They are target customers, but such customers do not bring income to Huabei because there is no income from interest and installments.

After we use Huabei and Borrow, we will repay the loan on time at the specified time, and some people are used to repaying in advance, thinking that this system will think that their credit is better, which is conducive to increasing the limit.

In fact, this is not the case, many borrowers found that the amount did not increase, but decreased after Huabei and borrowing early repayment。There are also borrowers who find that after repaying the loan in advance, the borrower is closed, and they can't borrow it next time.

Generally speaking, any lending institution will prefer users who are short of money, have stable income, and have a good sense of repayment, and such users will eventually bring more interest income to the loan platform, so naturally users who often repay in advance will not be loved by the loan platform, so when we use Huabei and borrow, we must also pay attention to the frequency of early repayment, especially after borrowing and installment, do not frequently repay in advance.

From the perspective of our traditional morality, early repayment is a manifestation of honesty and trustworthiness, and there is nothing wrong with it, but it is a loss for the online platform Alipay. Therefore, it is recommended that you can open the Huabei automatic repayment function, so that you will not have any losses and will not have an impact on the Alipay platform. Maybe the amount will increase gradually.

1. Improve Sesame Credit Score. A sesame credit score of 600 is the basic condition for opening Huabei, and the amount of Huabei also has a lot to do with the user's sesame credit score. The most effective way to improve Sesame Credit is to complete the personal information of Alipay users.

In the "Credit Management" - "Personal Information" section of "Sesame Credit", fill in your credit information completely, such as occupation information, real estate information, vehicle news, provident fund information, etc., and the personal information will be completed to help the Sesame Credit system more comprehensively evaluate the user's personal credit status.

2. Use Huabei more and repay on time. Only when users use Huabei more, the system will feel that you really need to use Huabei, and after using the Huabei quota for consumption, you need to repay on time, and reflect your repayment ability and performance ability by repaying on time every month;

3. You can try to put some funds into Alipay Yuebao, Deposit a part of the funds into Yu'e Bao, users can enjoy a certain amount of interest income, and at the same time, the Alipay system can see that you have a certain wealth ability, and the user's financial situation is also an important factor affecting the amount of Huabei.

4. Usually use Alipay to pay. In addition to eating and shopping, you can also use Alipay to pay for life, and it is recommended that you can use Alipay to buy some household appliances and furniture items, and increasing the user's consumption value is also conducive to improving the amount of Ant Huabei.

Of course, early repayment is the best!

Here's why.

First,Generally speaking, only when there is a shortage of money, Huabei will be chosen to repay in installments, and early repayment indicates that the user has sufficient funds on hand, which leads the system to make a judgment that the user's demand for Huabei is very small, and it is very difficult for the Alipay user to increase the Huabei quota in the later stage.

On the contrary, Huabei's on-time repayment indicates that the user has a high enough spending power and can repay on time, then the system will feel that the user's demand for Huabei is very large, so the Alipay user's Huabei quota will increase very quickly in the later stage.

Second, if there is no installmentThe biggest difference between early repayment and on-time repayment in Huabei is that the interest-free period is different, but the credit line will be restored in real time after early repayment, and you can buy higher-value goods; On-time repayment or reinstatement of the credit line will only be made after the outstanding amount is repaid on the repayment date, and early repayment is usually not recommended.

When users use Huabei, different users get different credit lines, but returning them on time after using Huabei is of great help to improve Huabei's credit line. If Huabei is returned after use, penalty interest will be incurred, and the overdue record will be uploaded to the credit report.

I think it is good to repay in advance, repay on time and pay attention to the reputation first, if there is no money to repay at that time, it will be embarrassing, early repayment is more ready to raise money and can have a financial concept.

Huabei does not need to be returned in advance when repaying, as long as the user ensures that there is enough money in the account to deduct the money on the repayment date, the system will automatically deduct the money on the repayment date. Huabei can enjoy a certain interest-free period after use, the longest is 40 days, the shortest is 10 days, generally calculated according to the time of credit, different users get different amounts when opening Huabei.

Users must repay on time after using Huabei, and there can be no overdue repayment, because penalty interest will be generated after overdue repayment, and the longer the time, the more penalty interest will be generated. Moreover, the bank will collect after the deadline, and the common collection method is to call the borrower** and keep repaying it.

When Huabei cannot be returned on time, users can use installment repayment or deferred repayment, Huabei's installment handling fee is 3 installment handling fees, 6 handling fees, and 12 handling fees. Users can choose the number of installments according to their income when using installment repayment, and they can also use deferred repayment, regardless of which can only be deferred once.

When Huabei can't repay on time, users can borrow money from friends around them to repay, so as to avoid overdue, but after borrowing, you must know what income you use to repay. In order to avoid the situation that Huabei cannot be returned after use, users should pay attention to moderation when using Huabei, and cannot exceed 50% of their personal monthly income.

Is it better to repay Huabei in advance, or on time?

This is fine, as long as there is no delay in repayment. Early repayment or on-time repayment will not affect the credit investigation. But there is no need to repay the loan early, it is better to repay it on time. If the amount is relatively large, you will lose this part of the interest if you repay it early.

Huabei early repayment is better, on-time repayment is divided into minimum repayment, installment repayment and repayment within the repayment day, of which the repayment within the normal repayment day will not incur a handling fee, and the choice of minimum repayment, installment repayment, will incur a certain amount of interest expenses.

There is also a big premise for "early repayment" and "on-time repayment", that is, whether to install, if it is a user who has paid in installments, then "repaid on time" is much better than "repaid in advance", because Huabei can eat some interest and will be judged as a high-quality customer, on the contrary, "early repayment" may not be welcomed, but in any case, the installment fee cannot be refunded.

In the case that the installment cannot be refunded, Huabei is "making a steady profit and not losing", but it is a matter of eating more and eating less interest, as long as you maintain good repayment habits and do not overdue, there is an opportunity to increase the amount. But if it is the minimum repayment, first of all, the user side is at a loss, and the interest is very high, and secondly, Huabei may determine that you have a risk of default.