interlocution is a line-based borrowing product that has extensive applications in the internet lending industry. in real life, borrowers may pay in advance for various reasons, and can they pay in advance? this paper will be analysed from multiple perspectives。

can you repay the loan in advance

in the first place, the loan agreement in which e was borrowed provided for early repayment. the borrower is required to sign a loan contract when he or she borrows for a loan, which specifies the interest on the loan, the period of repayment and the late penalty, and which also provides for advance repayment by the borrower within the repayment period。

second, the way in which early repayments can be made is also made clear on the official web site of lee. as can be seen from the web of lenders, borrowers can pay in advance through the “account centre” page. the specific operating process is to select the “early repayment” option in the “account centre”, where the system will calculate the amount of the advance payment and generate a real-time payment voucher, which the user can complete online。

thirdly, from a legal point of view, the borrower is entitled, under the relevant provisions of the contract act, to early liquidation of the loan within the repayment period. the relevant matters for early repayment are clearly specified in the loan and the rights and obligations for early repayment are provided in the contract. thus, the loan is allowed to be repaid in advance by the borrower。

finally, the question of whether early repayments would benefit borrowers also needs to be considered. in general, early repayment reduces the borrower ' s repayment pressure and interest expenditure. for the settlement of e-lending, early repayment would reduce subsequent interest expenditure and the corresponding reduction in total repayments, which would be a good option for borrowers with greater repayment capacity。