Why can t you borrow interest first and then principal?

BorrowedInterest first, then principalThe function is only open to some customers of the repayment method, there is no interest before the option of this account, indicating that the user's credit qualification conditions cannot meet the standard, and the borrowing system does not support the user interest first and then the principal.

If there is no option to pay interest first and then principal, then the user can only choose other repayment methods. The repayment method of the loan is determined by the system evaluation, and some users do not have the option of interest first.

As long as the user repays each loan period on time and accumulates a good credit history, it is possible to receive an invitation to interest first and principal later, and the user must maintain good repayment habits, otherwise the Sesame Credit score will be lowered.

Borrowing can be paid first. When the user applies for a loan, the system will have a repayment method for everyone to choose, if there is interest before the principal, then this loan supports the repayment of interest before the principal. If there is no option to pay interest later, then the user can only choose other repayment methods.

The repayment method of borrowing is determined by the system evaluation, and some users do not have the option of repayment with interest first and principal later.

As long as the user repays each loan on time and accumulates a good credit history, it is possible to receive an invitation to repay the loan with interest first and principal later.

In fact, the repayment method of interest first and principal is the so-called repayment of interest first and then principal, the repayment method of interest first and principal later, the borrower only needs to repay the interest every month, and when the loan expires, the principal will be repaid at one time, because the principal generates interest, and the principal is equivalent to the principal for a long duration, so the interest repaid will be more.

If the borrower wants to repay the loan in advance, then it will be more disadvantaged, because the interest has been repaid a lot, and the early repayment can not save too much interest, and may even have to pay the liquidated damages for early repayment, which is a very cost-effective thing.

The repayment method of the borrower is given after the evaluation of the system, and there is no repayment option of interest first and principal later, indicating that the user does not meet the conditions for interest and principal repayment, so the system does not give the option of interest first and principal repayment. Different users have different credit qualifications, and the repayment methods that borrowers have are subject to the display on the loan page.

In addition, there is no repayment option of interest first and principal later, so it is the default monthly equal repayment, and the monthly equal repayment spreads the repayment pressure to each month, which also reduces the risk of overdue.

Ant Borrowing cancelled the user's interest-first and principal repayment method because the repayment method was determined by the system evaluation, and the system believed that the user did not meet the conditions for using the interest-first and principal repayment method. There are two repayment methods for Ant Borrow, one is interest first and principal later, and the other is an equal monthly amount. Users with good credit qualifications will have two repayment methods to choose from.

For users with average or poor credit qualifications, Ant Borrowing provides borrowing services, but does not support users to choose repayment methods.

Alipay is also avoiding risks, and there are too many people in debt at present, so that the operation can be more effective to avoid risks.

Before that, borrow.

There are two repayment methods, one is equal principal and interest.

The other is to interest first and then principal.

When many users apply for borrowing, they like to choose interest first and principal later. However, the subsequent Alipay platform canceled the repayment method of interest first and principal later, and only retained the repayment method of equal principal and interest.

Reason 1: The repayment method of interest first and principal is more risky, and borrowing is a credit loan, if the user applies for a loan with a large amount, then the repayment method of interest first and principal is not easy to control. If you are not careful, it is easy to end up with the unrecoverable principal and interest.

Reason 2: In recent years, the state has become more and more strict in the supervision of the credit market, and the number of "judgment defaulters" has increased repeatedly. The state has taken a number of preventive policies to reduce the number of overdue loans.

In the repayment method of interest first and principal later, there are more people who are overdue on loans.

According to Alipay's official staff, borrowing does not support the repayment method of interest first and principal later. Unless the user's personal qualifications are particularly excellent and have accumulated a fairly good credit history on the Alipay platform. Otherwise, the Alipay platform will not arbitrarily open a repayment method for users with interest first and principal later.

The reason why the interest first and the principal after the principal is gone is because the borrower has canceled the repayment method of interest first and principal later.

Ants borrow. It is a microcredit loan, and the repayment method of using interest first and principal later cannot be well controlled.

There are two repayment methods for borrowing, equal amount and interest first and principal later, and the difference between the two of them is:

1.Equal principal amount.

It is the amount of the loan that is divided equally into each month, plus the interest generated from the remaining principal of the previous month, which is the amount due for the current month. The amount of money repaid each month will decrease sequentially.

2.Interest first and principal after principal is repaid every month, and the principal is paid off for the last time, and the interest is twice as high as the general equivalent method.

Extended Information] Ant Financial Services Group.

Hereinafter referred to as "Ant Financial."

It started with Alipay, which was established in 2004. In October 2014, Ant Financial was officially established. With the vision of "making a small but beautiful difference in the world", Ant Financial is committed to building an open ecosystem.

Through the "Internet Booster Program", we will help financial institutions and partners accelerate their efforts towards "Internet+" for small and micro enterprises.

and individual consumers to provide inclusive financial services.

Chinese name: borrow.

Interpretation: A loan service launched by Alipay.

Application conditions: sesame score of 600 or more.

Platform: Alipay.

"Borrow" 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.

1] At present, the consumer loans launched by e-commerce giants are mainly for installments in the consumption scenario of the e-commerce platform, but with the continuous accumulation of personal credit data, personal credit loans for non-consumption scenarios are also being launched one after another. The following is the actual experience of Eagle Capital in the financial circle:

1) Deposit Yue Bao.

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.

If you don't have the option to repay the loan with interest first, you can usually only repay the loan in equal monthly amounts.

Of course, in addition to the monthly equal amount and interest first and principal later, some borrowers will also provide a third repayment method, that is, the first 6 months of monthly interest payment (interest only), the next 6 months of monthly equal amount, then in addition to choosing the monthly equal amount, you can also choose this way to repay the loan.

It should be noted that the repayment method of borrowing is generally selected at the time of borrowing, and the optional method is determined by the system's comprehensive account evaluation, and cannot be intervened manually.

If the borrower does not provide the option of interest first and then this option, it cannot be forcibly selected (the optional repayment methods are subject to the page display).

The interest-first-post-principal system will generally provide high-quality products with good creditworthiness, which not everyone has.

If you want to borrow money in the future, you should pay attention to accumulating good credit, especially when repaying the credit products under your name, you must remember to repay it on time, and you must avoid overdue.

Otherwise, the credit will be damaged, not to mention the interest first and the principal later, and it is estimated that the borrower will not be able to borrow again.

Big data of online lending can reflect the real situation of online lending. If you have too many loans, it is recommended to check your credit data. Find:

Shell tip quick check, can generate big data reports. Although there is a difference between the two, in order to avoid the situation that individuals are unable to repay bad debts, bank loans will also pay attention to the big data credit situation, and bad credit will affect the rights of many aspects.

Extended information: What should I do if I can't borrow it, can I negotiate?

According to the official information of borrowing, borrowing does not support deferred repayment and negotiated repayment, and the lender needs to repay the loan on time and in full in accordance with the requirements of the loan contract to maintain credit information.

If you can't repay the loan, the lender must raise funds in time, and you can borrow money from relatives and friends to relieve the pressure of borrowing bills first.

Not only does the borrower not support negotiated repayment, but the loan contract has been determined after the lender applies for the loan, and the loan contract cannot be changed in the future, which means that the lender cannot repay the loan in installments on the basis of the installment repayment, and must repay the loan according to the contract.

As a formal credit product, borrowing will first affect the credit investigation after it is overdue, and then the platform will also collect the lender's penalty interest, and the loan has not been settled, and the penalty interest pressure will always exist, which is much more than the loan interest.

Therefore, in order to avoid a series of consequences after the deadline, the lender should not be impulsive before applying for a loan, and must fully consider the personal financial ability, and the higher the amount of the loan, the better.

Alipay borrowing first interest and later principal means that during the loan period, the interest will be repaid every month, and the principal will be repaid in the last installment. Except for the last installment, the repayment pressure of users is relatively small. The repayment method of borrowing interest first and principal later is not available to every user, and is provided by the system according to the user's comprehensive situation.

There are two ways to repay the loan, one is the same amount per month, and the other is interest first and principal later. Monthly reciprocal is the repayment of the same amount each month during the loan period. The repayment method of equal monthly repayment will disperse the user's repayment pressure.

If there is no interest before the principal on the user's loan page, the user is eligible. Users should maintain good credit and use Alipay's wealth management products many times, and increase the opening rate of interest first and principal later. Interest is more interest after principal, and this repayment method is suitable for people who do business.

Since the amount of interest before principal repayment will increase in the last repayment, the risk to financial institutions is relatively large, and general financial institutions will not open this repayment method for users.

The relevant rights and interests of Alipay are all divided around sesame. If users want to open a repayment method with interest first and principal later, they can start with Sesame Points. Sesame's ** is financial products, Huabei's normal repayment and various compliance behaviors.

The simplest act of abiding by the contract is Harrow bicycles, which are green and environmentally friendly.

Hahahaha, I'm a big user of Harrow bikes! I also have interest before the principal