With the development of financial science and technology, we have been welcomed by many as a new and accessible form of lending. For borrowers, the question of how to repay is an important one. This paper will provide a detailed analysis of the steps taken to repay the Flash loan from a number of angles, and it is hoped that it will help to better inform this information。

A detailed analysis of the loan repayment steps

I. Method of repayment:

THERE ARE TWO BROAD TYPES OF WAYS OF REPAYMENT: AUTOMATIC AND MANUAL. AUTOMATIC REPAYMENT MEANS THAT WHEN THE DATE OF REPAYMENT AND THE AMOUNT OF REPAYMENT ARE AGREED UPON, THE SYSTEM AUTOMATICALLY DEDUCTS THE CORRESPONDING AMOUNT FROM THE BORROWER'S BANK CARD. ON THE OTHER HAND, MANUAL REPAYMENT REQUIRES THE BORROWER TO MAKE AN OFFER TO ACCESS THE CORRESPONDING AP OR WEBSITE BEFORE THE REPAYMENT DATE。

Overdue payment:

IF THE BORROWER DOES NOT COMPLETE THE REPAYMENT WITHIN THE SPECIFIED TIME PERIOD, THE REPAYMENT IS OVERDUE. IN SUCH CASES, THE BORROWER WOULD HAVE TO BEAR A CERTAIN AMOUNT OF INTEREST AND DELAY. IN GENERAL, THE PENALTY IS CALCULATED ON THE BASIS OF THE DAILY INTEREST OF 0.05% ON UNPAID PRINCIPAL, WHILE THE LATE PAYMENT IS FOR EACH INSTALMENT。

Mitigating repayment pressure:

In order to ease the pressure on borrowers to repay, the Flash Facility offers a variety of options for borrowers. For example, repayment pressure could be dispersed by autonomous adjustment of the repayment date or the amount of repayment to suit the actual situation, or by amortization。

Avoiding repayment traps:

In addition to the repayment issues mentioned above, borrowers also need to avoid a possible repayment trap. For example, some platforms may induce borrowers to choose longer repayment periods as a means of obtaining more interest, so borrowers should choose the repayment period appropriate to their own circumstances. In addition, borrowers need to be careful whether the Platform has an unreasonable pattern of repayment, such as “first-in-first-in-first-in-first-in-first-in-first-out” to avoid financial distress。