How to negotiate with the online loan company to repay only the principal?

You can negotiate with the online loan company to repay only the principal. The following are specific instructions:

1. Understand the terms of the contract: read and understand the loan contract signed with the online loan company carefully, and pay special attention to the terms related to the repayment method and interest rate calculation.

2. Communicate and explain the needs: communicate with the online loan company and explain the reasons for your difficulty in repayment. Explain the reasons why you can only repay the principal, such as economic difficulties and reduced income.

3. Request for adjustment: request for adjustment of repayment plan according to your own situation. This may include extending the repayment period, reducing the monthly repayment amount or suspending repayment for a period of time.

4. Quote relevant laws and regulations: If applicable to this situation, please quote relevant laws and regulations of China, such as the provisions on contract change in People's Republic of China (PRC) Contract Law, to support your request.

5. Insist on reasonable requirements: Insist on your reasonable requirements and maintain a positive communication attitude during the negotiation with online loan companies. If the online loan company agrees to only repay the principal, please be sure to obtain a written confirmation of the agreement.

Summary:

Negotiating with the online loan company only repays the principal. It is necessary to understand the terms of the contract in advance, actively communicate with the company, and put forward reasonable adjustment requirements. Citing relevant laws and regulations can strengthen your position. Adhere to reasonable requirements and ensure that the agreement is confirmed in writing. Please note that the above suggestions are for reference only, and the specific results depend on the policies and contract terms of the online loan company.

Extended data:

1. People's Republic of China (PRC) Contract Law: Basic laws and regulations related to contracts in China.

2. China Internet Finance Association: To provide norms and guidelines for the Internet finance industry, which may include relevant information on negotiations with online lending companies.