Nowadays, with the emergence of all kinds of online loans, will those who are relatively nervous about it ease the economic pressure by means of loans? Have you ever heard of micro loan? There are three ways to repay micro loan: automatic repayment, prepayment and manual repayment of current debt. Let's see if micro loan prepayment is good? What's the harm of micro loan prepayment?
How about prepayment of micro loan
There are three ways of repayment: automatic repayment, prepayment and manual repayment. So micro loans can be repaid in advance.
Users can open wechat app - "I" - wallet "- micro loan at any time, click" repay the loan in advance ", and complete the payment according to the prompt on the page. In addition, you can search for micro loans directly in the wechat search box, and then select "repay the loan in advance".
Note: in case of prepayment, the whole loan shall be paid off, i.e. the loan shall be paid off at one time, but not part of the loan.
What's the harm of prepayment of micro loan
At present, Xiaobian has not found any harm in prepayment of micro loans. The micro loan official said that when all the loans are paid off, the quota will be restored in real time.
Micro loan prepayment prepayment, without any fees and interest on the number of outstanding periods. Assuming that the loan is prepaid the next day, only one day's interest is calculated.
How to calculate the prepayment interest of micro loan
It is reported that the interest rate of micro loan is 5 / 10000, equivalent to 18.25% of annual interest rate. In the future, with the further liberalization of users, differential pricing will be implemented. Customers with good credit can enjoy daily interest of 2-3 per 10000, which is equivalent to 7.2% - 10.8% per annum. Now the loan of micro loan can be repaid by 5, 10 and 20 months in installments.
1) The repayment date is the issuance date of your first loan, which will be the repayment date of each loan. Among them, if your first loan occurs on the 29th, 30th and 31st of the current month, the repayment date will be the 21st of each month.
2) The first repayment date of non first loan will span the latest repayment date (including the date). For example, your current repayment date is the 21st day of each month. When you borrow again on January 15, the first repayment date of this loan is February 21.
If prepayment is required, the loan can be paid off the next day after the loan is successful, that is, the actual borrowing time can be as short as one day, and only one day's interest needs to be paid. So in terms of prepayment, the interest will be charged to the date of repayment, because prepayment of micro loans is not a default, no penalty interest and no other fees.