Periodicals, as a financial credit instrument, provide consumers with services to consume and pay. In addition, users can use them to make cash withdrawals and choose to pay in instalments. However, the issue of “Does interest still have to be paid if one-off payments are made?” was a subject of concern。

Do you have any interest at the end of the period

In practice, if a one-time payment is chosen, the user must pay interest between the date of the last repayment and the date of early repayment. Thus, the total amount paid in advance would include principal and interest on the loan. Upon completion of the advance payment, the user has the right to request a certificate of settlement of the loan from the instalment. The advantage of early repayment of loans is mainly to save part of the interest costs。

On the other hand, users may sometimes find that the one-time repayment information for bands is not up to date. This is mainly due to the fact that funds may not have been repaid. It should be noted that the time of arrival may vary from bank to bank and that factors such as maintenance of the banking system may cause delays in arrival. Therefore, if the payment is still outstanding within two hours of the actual repayment, it may be useful to consult with the customer service of the band。

That's what we're talking about. It is hoped that a comprehensive reading of this issue will help you. Thanks for reading。