How can I pay off all my payments in advance?

Can I repay the loan in advance?

Yes.

Houbei can repay the loan in advance. Users can manually perform early repayment through the Huanbei APP. The interest on the loan that can be borrowed and repaid at any time is calculated based on the actual number of borrowing days. Pay off the debt in advance. Interest will be calculated as of the end of the day. Users can apply for a loan again after paying off the debt. As long as there is no overdue behavior, re-borrowing will generally be approved.

The borrower obtains a credit limit based on his or her personal credit, which is used to repay the credit card, and is repaid in installments to Bei at a later stage. At the same time, the user needs to pay a certain interest fee to the repayment.

Extended information:

Notes:

Users must ensure that the balance in the bank account of the savings card is sufficient on the repayment date, and that the bank card is not reported as lost or lost. Frozen status to maintain good credit.

If you have saved money and want to repay in advance, you can make early repayment in the Huanbei APP as needed, but the fee is not currently supported.

If you forget to deposit money on your debit card, the Huanbei system will send a text message indicating that the deduction failed. You can pay attention to the text message notification. In order to maintain good credit, you need to make active repayment in Huanbei APP after the deduction fails.

If you fail to repay in time, it will be overdue. 5% of the current payment will be charged as a one-time late payment fee, and 0.1 of the current payment will be charged daily from the last repayment date. % overdue penalty interest. In addition, Huanbei will use some reasonable collection methods to urge users to repay their debts. So it’s better to try your best to repay the money as soon as possible.

Baidu Encyclopedia - Huanbei

Baidu Encyclopedia - How to repay the full amount of the loan in advance

Call the official customer service number of Huanbei and apply for full payment repayment amount.

1. If you repay in full in advance, the interest for the current period still needs to be repaid. Starting from the next period, all interest does not need to be repaid, and the remaining principal only needs to be paid off in one go. You need to actively apply for early repayment, otherwise the bill amount will still be the monthly repayment amount of each period. If you want to apply for early repayment, you can apply by following the two methods above. After the application is successful, the next bill must be paid off in one go. You cannot apply for installment again midway.

2. If you want to apply for an online loan, you need to download the software of the online loan platform. Otherwise, it is impossible to apply. After the application is successful, the software will have corresponding bill details, modify the repayment card, and buttons for early repayment. After clicking on the bill, find the early repayment button and wait for review. After the review is successful, the platform will send you a text message indicating that your application has been successful and the amount of the next bill will be the amount of the early repayment. What needs to be reminded is: after repaying the loan in full at once, it is best to ask the platform to issue you an electronic settlement certificate.

3. The second method: Call the official customer service of Huanbei and apply for early repayment. The manual customer service has the authority to operate early repayment, so you can ask the customer service to help you. After the operation is successful, your next bill amount will become the full repayment amount. Just make repayments according to the bill amount. Of course, you can also apply for active repayment, ask customer service to give you a repayment card number and the repayment amount, and then transfer the corresponding funds to the other party's account. However, you still need to be reminded: after repayment, you must ask the platform to issue you a settlement certificate.

3. Prepayment is the amount paid by the borrower in excess of the monthly principal and interest payment. A prepayment that does not fully repay the mortgage is called a partial prepayment. Through contractual arrangements, early repayment is prohibited within an agreed period, which is called the lock-in period. The lock-in period ranges from 2 to 10 years. After the lock-in period, prepayment protection often takes other forms, such as prepayment penalty points or yield maintenance fees.

4. Prepayment includes three situations: full repayment in advance, partial repayment in advance with the loan term unchanged, and partial repayment in advance while shortening the loan term. Lending banks can only accept applications for early repayment from borrowers starting from the second repayment month of the personal loan. Although early repayment can save interest expenses, there are four types of home buyers who are not suitable for early repayment. How to repay all the loans in advance can be done within the APP

I believe that most people have the habit of using borrowing. Usually some people use it in emergencies and will repay the money in advance when they have money. Yes, this is no problem, but although early repayment is feasible, it may have a negative impact on future borrowings.

Huanbei currently supports two methods: active repayment and automatic repayment. Active repayment: Log in to the APP account, click on My Bill, select the amount to be repaid, click "Go to Repay" and follow the system prompts. That’s it; automatic repayment: The system will automatically deduct the money from the set automatic repayment savings card on the repayment date.

In addition, there is early repayment, and the operation method is relatively simple. Click "Me" - "Loan and Repayment Record" - "Loan Record" on the Huanbei APP, and then select the loan that needs to be settled; check Enter the number of periods that require early repayment and confirm the amount; after confirming the amount, enter the verification code to submit the repayment matter.

If the user is not allowed to make early repayment after entering the repayment page, it means that the system believes that the user does not meet the conditions for early repayment, so this function is not available to the user yet. If necessary, you need to call the customer service number for consultation, and provide corresponding supporting materials. Only after the review is approved, the early repayment can be performed.

However, it is worth noting that if you repay the loan in advance, the interest on the loan cannot be reduced or exempted, and you still have to pay the interest in installments as usual; and after you repay the loan in advance, you will not be able to continue after the credit limit is restored. Borrowed. This has a great negative impact on early repayment.

If a user makes early repayments for a long time, the system may think that the user is not short of money at all and does not need so much credit limit, which will lead to a reduction in the final credit limit or a failure to get a credit limit increase, etc. Influence.

The above is about the repayment of borrowed money. If there are no special reasons, it is recommended to repay on time. Do not have to repay in advance. Otherwise, there will not be much benefit and it will harm your own interests. Can I repay the loan in advance? Just do this and you're done

; When applying for a loan, many borrowers will choose online loan platforms with relatively high reputations. After all, relatively well-known online loan platforms are generally endorsed by large companies, the loan application process is more formal, and the interest rates are relatively low. Can I repay the loan in advance? Just do this!

Can I repay the loan in advance? If you want to repay the full amount in advance in Huanbei, you can use two methods: apply for full repayment in Huanbei APP; call Huanbei's official customer service number to apply for full repayment. If you repay in full in advance, the interest for the current period still needs to be repaid. Starting from the next period, all interest does not need to be repaid, and the remaining principal only needs to be paid off in one go. You need to actively apply for early repayment, otherwise the bill amount will still be the monthly repayment amount of each period. If you want to apply for early repayment, you can apply by following the two methods above. After the application is successful, the next bill must be paid off in one go. You cannot apply for installment again midway. After clicking on the bill, find the early repayment button and wait for review. After the review is successful, the platform will send you a text message indicating that your application has been successful and the amount of the next bill will be the amount of the early repayment. What needs to be reminded is: after repaying the loan in full at once, it is best to ask the platform to issue you an electronic settlement certificate. You can also apply for active repayment, ask customer service to give you a repayment card number and the repayment amount, and then transfer the corresponding funds to the other party's account. However, you still need to be reminded: after repayment, you must ask the platform to issue you a settlement certificate. The above is the sharing of relevant content about "Can I repay the loan in advance?" I hope it can help everyone!