Hey, do you know what this is about? This is a financial product that provides stale purchases and small loans. The most attractive thing is that it allows clients to repay their loans in advance. It is important, then, to have a clear concept of how interest on the early repayment of the band is calculated. Relax, I'll make it clear to you one step at a time。

What do you mean, early interest

If you choose to pay off all the loans in advance in one-time instalments, the interest on repayment will be waived except for the current month's bill. Surprised, isn't it generous? But if you choose to pay off part of the arrears in advance and at least three instalments in advance, then the corresponding repayment interest will be reduced by half. It is important to remember that if you do not voluntarily apply for an instalment after borrowing, then this advance repayment benefit is not available。

And then we'll talk about early repayments of the band. There is a real possibility that interest-free payments may be paid in advance in instalments. Similarly, if you choose to settle all borrowings early in one-time instalments, not including the current month's bill, the rest of the interest will be paid to you directly free of charge. If partial early repayment is made, at least three times in advance and without the current month ' s bill, interest will also benefit from the benefit of halving. But if you don't have a break, then don't expect to enjoy it。

As for the split, it's actually a legal credit platform. The monthly repayment date is essentially determined on the basis of the “scheduled repayment” or “arbitrary repayment” method of your choice. If you haven't repaid at 24 p.m. on the day of repayment, the platform will be considered overdue and you will have to pay the deferred interest rate, which will not only affect your credit rating, but also increase your repayment pressure。

These are some of my explanations on “How to calculate interest on early repayments of band music”, which I hope will help you。