Will there be text message reminders when the loan is repaid on the loan repayment date?

After repaying the loan in advance through Alipay, will there be a text message reminder on the repayment date?

No

Ant Borrowing will send push reminders for repayment on the 1st of every month and the repayment date. On the repayment date, there will be text message reminders and Alipay push notifications. If you have paid in advance, If you repay, there will be no reminder. I borrowed it and paid it off long ago. Why are you still sending me text messages?

Jiebei has your information. Although you have paid off the loan, there is always a reminder that the management department has not updated it in time, and there will be situations where text messages are sent again. If you repay the loan, please omit the text. . How do I get reminders for borrowing and repaying? Is it a text message reminder on the repayment date? Or a few days in advance? Will Alipay have push notifications?

Borrowing and repayment will be reminded through text messages, usually on the same day, and Alipay also has corresponding push notifications.

The Alipay Borrowing Portal for repaying current arrears is only open on the repayment date. There is no such portal at other times, so you can only choose to repay in advance. The loan amount is evenly divided according to the total number of months of repayment, and the monthly interest on the remaining principal of the previous period is added to form a monthly repayment amount. Therefore, the monthly repayments for the equal principal payment method are different.

That’s the “equal monthly amount” in the loan. The monthly repayment amount is the same. In the first half of the period, the proportion of interest paid is large and the proportion of principal is small. After half of the repayment period, it gradually changes to a large proportion of principal and a small proportion of interest.

Extended information:

The introduction of Alipay borrowing repayment is as follows:

You only need to repay the interest on the loan amount every month, and the loan will be returned in one lump sum after maturity Principal, so the pressure is greater in the last month of repayment. In addition, the interest to be repaid every month is the full amount of interest, and the interest amount is not small.

Of course, users who often repay in advance will not be favored by loan platforms. Therefore, when using Huabei and Jiebei, you must also pay attention to the frequency of your early repayments, especially after the installment of Jiebei. Do not make frequent early repayments.