In recent years, with the growth and spread of Internet finance, Internet lending has become a part of the lives of many people. Many people opt for Internet loans because of their shopping, tourism or other consumption needs, but some also find it difficult to escape from the deep web, which has even affected access to housing. At this point, some will choose to pay off the net loan in full the day before the mortgage is processed。

The day before the mortgage, you paid off the net

First, the repayment of netting loans helps to enhance credit. When a bank approves a mortgage, it investigates the credit position of the lender, and if there is an excessive amount of outstanding debt, it becomes an important factor in the failure of the loan. Because banks do not want to borrow money to those who have a large debt and are not liable for any liability, they can effectively raise personal credit levels and increase factors conducive to borrowing, thereby contributing to the success of loan applications。

Second, the repayment of net mortgages can reduce the cost of interest. On the one hand, interest on Internet loans is generally higher and the repayment period is relatively short, which, if overdue, will also result in higher interest rates and late payments. In addition, a number of web-based lending platforms have hidden fees of various kinds, which will also increase the burden on borrowers. On the other hand, interest on bank mortgages is lower than on the Internet, and there are discounts and government concessions. It is therefore necessary to clear existing overdrafts of web-based loans, thereby reducing the burden on the processing of housing loans, reducing the cost of interest, saving time for repayment and guaranteeing repayment capacity, which would have significant benefits for the repayment burden that follows。

Good personal credit records must be maintained prior to repayment of loans. This can be achieved by obtaining credit cards or applying for microcredit in banks. At the same time, good faith repayment, non-late and non-compliance are key factors. If they are unable to pay off their loans in a timely manner, they should be approached in consultation with the web-based lending platform on their own initiative. If the net loan is repaid, credit credits may also be added to the personal credit record for later use。

Finally, in order to avoid complex interest calculations and loss of self-interest, it is recommended that the repayment policy of the web-based loan platform be carefully reviewed before repayment of the loan, to understand the relevant repayment rules and costs and to avoid overpayment of additional costs. In the case of loans that have not yet become monthly, the ability to make monthly payments should be planned, with attention being paid to the survey of liabilities during the pre-prime review process, and the timely processing and resolution of repayment difficulties, so as to avoid compromising loan applications。