Can I repay the full amount in advance if I borrow it in installments?

A: Hello, yes, currently according to the ant borrowing.

In terms of the use of functions, you can choose to settle part or all of a single transaction in advance, or you can choose to settle all of them in advance, but you do not support multiple partial settlements. In case of early repayment.

If the amount is large, it is recommended to try MYbank.

Express card for repayment.

1. Ants borrow

"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.

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

Relevant regulatory regulations, voluntarily closed some users 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.

2. How to calculate installment interest

Interest on installments = total price of the product * installment interest rate * number of installments. The total price of the commodity is fixed, and the interest rate of the installment increases with the number of installments. For example, the number of installments of CCB is 3, 6, 12, 18 and 24, and the handling fee rate is %.

The so-called installment payment is to choose the number of installments to be paid for when paying for the transaction, and then use a credit card or Huabei.

Wait for the credit product to pay the transaction amount in a lump sum, and then repay the consumption amount and the corresponding installment fee on time and installment according to the number of installments selected at the time of payment. For example, the Industrial and Commercial Bank of China stipulates that the amount of a single consumption transaction of a credit card must reach 100 yuan.

or its equivalent in foreign currency before you can pay in instalments. Transactions that do not reach $100 will naturally not be installment. As opposed to installment payment, that is, bill installment.

The so-called "bill installment" means that after the customer uses credit cards or credit products such as Huabei to make purchases, when the consumption is credited and the bill is issued, the customer can apply for installment before the repayment date and select the number of installments to repay the bill amount in installments. After the bill instalment application is successful, the repayment will generally start from the next month according to the selected instalments, and the installment principal and the corresponding instalment handling fee will be repaid every month.

After the borrower applies for the loan, he can choose to repay the loan as agreed, and if the economy allows, he can also repay the loan in advance, but the early repayment can only repay the entire bill, not only a part of the early repayment, which also needs to be noted.

When repaying the loan in advance, the lender will only generate interest for how many days the loan is actually used, and the early repayment will not charge more interest and will not incur additional handling fees.

After applying for a loan, the lender can repay the loan in advance but cannot postpone the repayment and negotiate the repayment, and the lender must repay the loan on time and in full in accordance with the requirements of the loan contract after applying for the loan.

In order to avoid a series of bad consequences after overdue, lenders should think clearly when applying for loans, do not borrow more than their own repayment ability, do not blindly borrow, and avoid too much repayment pressure in the future.

The big data of online loans can clearly reflect the user's recent application for online loans, whether the online loans are repaid on time, and whether there is any suspicion of identity information. You can check by a credit inquiry tool such as "Shell Tip Quick Check" to get a detailed risk report.

Extended information: What should I do if I owe 50,000 yuan and can't afford to repay a few thousand yuan a month?

If you can't repay a few thousand yuan a month if you borrow 50,000 yuan in arrears, you can try to borrow money from close family and friends around you to repay.

Ask relatives and friends to borrow money to discuss the repayment time, and do not charge interest, and wait until the arrears are paid off, and then the funds are abundant, and then repay the money to relatives and friends.

If you really can't afford to pay it back, it is recommended to take the initiative to contact Alipay customer service to explain the situation, and you can provide certain supporting information to prove that you really do not have the ability to repay, and you do not deliberately do not repay it (such as the certificate of termination of the labor contract, unemployment certificate, etc.), and then you can try to apply for an extension of the repayment period and make a second installment of the arrears.

As long as it is not maliciously overdue, Alipay will generally consider it at its discretion.

If the negotiation of the second instalment is successful, then the repayment can be made on time and on time according to the new repayment plan.

At that time, there should be no need to repay thousands of dollars per month, the term will become longer, the monthly payment will naturally decrease, and the repayment pressure will be reduced.

But be careful not to overdue, otherwise Alipay is likely to cancel the second installment and ask for a one-time payment.

Borrow. Early repayment after installments.

There are good and bad. This means that a friend who borrowed money can encourage you to repay your loan early. Know that once the loan is established, it can be repaid. However, the process of early repayment is simple, but it also has its drawbacks.

If you don't pay it back, it's easy to have unexpected results. So let's analyze them one by one, and explain the following two advantages and disadvantages:

1. The benefits of early repayment after borrowing installments:

1.You can pay your outstanding balance in advance and keep the borrowed money. Keep the borrowed money temporarily, and you will have more time and space to spend the money, so that you can turn it around, and you will not be under a lot of pressure and will not think about repayment all the time.

2.Interest can be recorded, for example, if you rent 1 40,000 per day, the bill will take 30 days to prepay the first three months of the loan. All interest is calculated on the actual amount. Up to 120 days of use!

2. The disadvantages of early repayment after borrowing in installments:

1.There is a processing fee. Borrowing money early can save you on interest. But as you can see, you may have to pay an early redemption fee equal to about 5 5,000 of the principal amount of the repayment. This is equivalent to having a fee, but it can also save interest.

2.Loans may end: You can often see user reviews online, why is my loan ending? And find out why. If it is not overdue, it must be because of prepayment, and the last frequent prepayment loan may be closed. It's true!

3.The amount may be reduced: Similarly, the loan amount can be reduced, but it is usually redeemed early.

The above is an analysis of whether it is good or bad to repay early repayment after the relevant borrowing installment. After all, there are pros and cons to early repayment. We should all have our own personal judgment to reduce our own troubles.

Therefore, we recommend that you think carefully and choose. If you really want to repay the loan early and don't want to close it to reduce lending or borrowing, we recommend using this method, and the number of early repayment periods should not be excessive. The good or bad of borrowing installment early repayment needs to choose the one that suits us.

Don't repay in advance in Huabei installment means that after the user's Huabei applies for installment, they must not often run the early repayment operation. If the early repayment operation is often run, the system will think that the user's borrowing demand is small, so the system may reduce the amount of Huabei. Of course, only occasional early repayment has no effect on Huabei.

Moreover, the amount of Huabei will be dynamically adjusted, even if the amount of Huabei is really reduced, it is not necessarily caused by early repayment.

Summary. If you can pay it off in advance, enter the Shengbei app, find the "Repayment Plan" and click on it, select all the installments and click "Repayment". Regardless of how many instalments you initially choose, you can pay it off early as needed.

However, the province is a one-time handling fee, which means that the early repayment fee will not be refunded. The borrowing of the province can generally be divided into 3 months, 6 months, and 12 months, so it is recommended to think about the specific borrowing cycle before borrowing.

If you can pay it off in advance, you can enter the provincial app, find the "repayment plan" and click on it, select all the installments and click "Repay". Regardless of how many instalments the user initially chooses, they can pay off in advance as needed. However, the province is a one-time handling fee, which means that the early repayment fee will not be refunded.

Provincial loans can generally be divided into 3 months, 6 months, and 12 months, so it is recommended to think clearly about the cycle of borrowing with the indupine before borrowing.

Wrong. I tried it, but I couldn't get ahead of time.

Wait a minute, dear, I'll find the process.

Installment music to repay the full amount in advance can be said to be very simple to write-off. Users enter the installment app, then select [My World Douda], find my personal center, you can see the repayment bill of the current month, select the [Bill Details] option on the page, you can see [Early Repayment], and then select Search and select Early Repayment, and select Full Repayment in Advance, enter the full repayment amount, and you can repay the full amount in advance.

Try again and see the above process for repayment.

The specific steps are as follows: open Apple 12, ios14, Alipay version client - mine - ant borrowing - to repay - early repayment, then select the amount to be repaid, and click on early repayment. You can choose to settle part or all of the single early settlement of the loan, or you can choose to settle the full settlement of multiple transactions in advance (partial settlement of multiple transactions is not supported).

If the amount of early repayment is relatively large, it is recommended that you try to repay the loan through MYbank Express Card, and there is no limit on the amount for the time being. Interest will be charged on a daily basis for early repayment, and the handling fee shall be subject to the display on the page. Borrowing early repayment has the following effects:

1. As a loan service, borrowing mainly relies on interest to make money, so if you repay the loan in advance, the corresponding borrowing can make less money, and if you don't let people make money, people will definitely have no good impression of you, so it may reduce your rating. 2. Early repayment will make the borrower think that the borrower may not be bad for money, think that the borrower's demand for borrowing is not large, and at the same time cannot earn more money from the borrower, so it will reduce the borrower's loan amount and give the borrower's amount and opportunities to other people who are more in need. 3. In reality, some people will brush the score of Sesame Credit by repaying in advance, and this malicious operation will be detected by the system, reduce the limit, and even close the loan.

From this, we can also see that there are still certain adverse effects of early repayment, and whether it is a loss or not needs to be judged by the individual, after all, everyone's situation is different, so try not to repay in advance.

Borrow.

The current name of borrowing is Credit Loan, which is a loan service launched by Alipay, and according to the different sesame scores, users can apply for different loan amounts. The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is that it can be repaid at any time.

Ant Loan is a consumer credit product provided by Alipay for users, the default repayment period is 12 months after the user applies successfully, of course, you can also choose to repay in advance, you need to calculate how much interest you want to pay in advance, and then calculate the interest according to the number of days you borrow.

Borrowing early repayment process: Open the Alipay client, click [My] - [Ant Borrow] - [To Repay] - [Early Repayment Trace Chain], select the amount you need to repay, and click Early Repayment. You can choose to settle part or all of the first settlement in a single transaction, or you can choose to settle all of the early repayment in multiple transactions (partial settlement of multiple transactions is not supported).

After borrowing and completing the installment, you can repay the first installment in advance, and Ant Borrowing can repay the first installment in advance.

At present, the maximum repayment period of "borrowing" is 12 months, and the daily interest rate of the loan is to borrow and repay at any time. The amount applied for by the user can be transferred to the Alipay balance, and the bank card can be bound to withdraw cash, and the interest will be calculated on a daily basis, and the interest on the loan day will be converted to the adult interest rate.

1. The full amount is returned

If you don't need to use the borrowed funds, or you have money to repay in advance, and you don't want to waste any more interest, you can repay the full amount directly, then you only need to calculate the interest on a daily basis, such as directly using the principal * days.

2. Installment early repayment:

If it is repaid in advance for each installment, it is also calculated on a daily basis, and no interest will be calculated from the day after you repay the loan to the last date of the current period. Interest is then calculated on a daily basis from the first day of the next period.

OK. Yes, Huabei can repay the loan in full in advance after installment. Although Huabei installment repayment is irrevocable once the application is approved, and the installment amount and number of installments cannot be changed, it can be paid off in advance before the bill comes out, and there is no handling fee.

Operation steps: Click on Alipay - My "Huabei" - View Details - FAQ - Pull down "How to repay Huabei in advance" Search, there is a "Huabei early settlement" button, click the button to repay in advance.

OK. Yes, Huabei can repay the loan in full in advance after installment. Although Huabei installment repayment is irrevocable once the application is approved, and the installment amount and number of installments cannot be changed, it can be paid off in advance before the bill comes out, and there is no handling fee.

Operation steps: Click on Alipay - My "Huabei" - View Details - FAQ - Pull down "How to repay Huabei in advance" Search, there is a "Huabei early settlement" button, click the button to repay in advance.

OK. Yes, Huabei can repay the loan in full in advance after installment. Although Huabei installment repayment is irrevocable once the application is approved, and the installment amount and number of installments cannot be changed, it can be paid off in advance before the bill comes out, and there is no handling fee.

Operation steps: Click on Alipay - My "Huabei" - View Details - FAQ - Pull down "How to repay Huabei in advance" Search, there is a "Huabei early settlement" button, click the button to repay in advance.

OK. Yes, Huabei can repay the loan in full in advance after installment. Although Huabei installment repayment is irrevocable once the application is approved, and the installment amount and number of installments cannot be changed, it can be paid off in advance before the bill comes out, and there is no handling fee.

Operation steps: Click on Alipay - My "Huabei" - View Details - FAQ - Pull down "How to repay Huabei in advance" Search, there is a "Huabei early settlement" button, click the button to repay in advance.

OK. Yes, Huabei can repay the loan in full in advance after installment. Although Huabei installment repayment is irrevocable once the application is approved, and the installment amount and number of installments cannot be changed, it can be paid off in advance before the bill comes out, and there is no handling fee.

Operation steps: Click on Alipay - My "Huabei" - View Details - FAQ - Pull down "How to repay Huabei in advance" Search, there is a "Huabei early settlement" button, click the button to repay in advance.

OK. Yes, Huabei can repay the loan in full in advance after installment. Although Huabei installment repayment is irrevocable once the application is approved, and the installment amount and number of installments cannot be changed, it can be paid off in advance before the bill comes out, and there is no handling fee.

Operation steps: Click on Alipay - My "Huabei" - View Details - FAQ - Pull down "How to repay Huabei in advance" Search, there is a "Huabei early settlement" button, click the button to repay in advance.