One of the borrowing platforms chosen by a large number of users has been a problem for borrowers: if they choose to pay in instalments, will this affect their letters? The answer is clear — no. In other words, as long as you are not late in paying, whether you are a lump-sum payment or an opt-out, this will not have a negative effect on your letter of call。

How does it affect a letter of demand when online loan repayments are split

However, care should be taken in detail. Frequent application of the instalments of the Internet-based loan may result in a decline in the loan line. Long-term instalments may convey the message that you do not have the capacity to repay the loan. Therefore, we do not recommend that you always choose to pay in instalments。

However, it is possible that Internet lending could be phased. When a loan application is made on the Internet, it is only necessary for the user to choose the duration of the loan to complete the slotting. And even if you choose a split, the Internet loan supports a one-off payment. Interest is calculated on the basis of the number of days actually borrowed, so that you are able to respond to your own cash flow with flexibility and without paying additional interest。

In short, the Internet loan supports your choice of a loan that suits you in terms of cash flow. For example, six-month, twelve-month instalments or one-time repayments. Of these, if a phased payment is chosen, even if the payment is made in advance, interest will only be calculated on the basis of the number of days actually used to avoid excess expenditure。

So if you're thinking of Internet lending, then you need to make a wise choice about how to repay. Although the period does not affect the letter of request, the frequent period may send a signal of overdrafting of your borrowing capacity, thus affecting your borrowing level。