How can ants pay in advance? Advance repayment path: login Alipay mobile phone, click on the lower right corner [my], borrow the home page to choose [pay back].
Does prepayment have an impact?
The reporter here tells us that borrowing money in advance is of course influential. There is no free lunch in the world. Alipay opens ants to make money. Ants use the method of daily interest payment. The installment repayment only provides two choices of 6 months and 12 months. After the loan is advanced, the Alipay will receive less than one day's interest.
Early repayment does not require interest payments. If you do not make money for Alipay, Alipay may also close. Of course, it still looks at comprehensive, but the rate of early repayment is almost 70%.
If you earn less money, Alipay naturally will not lend you any more money. It will take back your previous quota and give it to those who are paying normally.
Loan prepayment interest
As a special consumer credit product, the calculation of interest is directly related to the repayment method and term chosen by the borrower. The latest ant loan has supported three repayment methods: equal principal and interest, equal principal and interest before principal. Borrowers can choose the corresponding repayment method according to their own reality. As for these three repayment methods, the reporter has explained in many articles that if you apply for the same amount of loans with the same term, the corresponding interest, equal principal and interest, equal principal and interest, interest before principal.
Take the loan of 10000 yuan with a term of 12 months and equal principal and interest repayment as an example. If the loan is normally repaid, the monthly repayment is 909.16 yuan, of which the interest is 135 yuan (the formula is loan principal * daily interest rate * 30). If you choose to prepay (select the loan product in use in the 'loan record' for repayment), the interest will be reduced. Because borrowing is calculated according to the daily interest rate, if you choose to prepay, the system will calculate the interest according to the remaining principal. Moreover, there is no service charge for loan prepayment, so if there is a plan for prepayment, the earlier the repayment, the less the interest.
Consequences of loan prepayment
However, the consequence of the prepayment of the loan is that the loan has no limit and can't be applied again. Many netizens have encountered such a situation. The reporter speculates that, first, the user may repay ahead of time, not allowing Ma Yun to earn interest. Second, it may be judged as cash out by the system, resulting in the closure of the loan. Therefore, in order to make it more convenient to use the loan, it is suggested to apply for less prepayment. If it does not take long, it is suggested that the time limit should be shorter.