The car loan knows the repayment date from the bank text message, which means it has been lent to 4 S.

Yes, the last repayment date must be paid, otherwise it will easily form a bad record.

Repayment method of automobile loan:

1. One-time repayment of principal and interest. The Lender shall pay the loan principal and interest in one lump sum after the loan expires. Usually the loan term is less than one year.

2. Equal principal and interest repayment method. Average the loan principal and interest to the middle of each month, and the monthly repayment amount remains unchanged.

3. Average capital repayment method. Divide the loan principal into every month, and repay the same amount of principal and the interest generated by the remaining loans in that month every month, and the interest will decrease month by month.

Extended data:

Car loan repayment process:

1, make an appointment in advance

Whether it is car financing or bank car loan, general institutions will have requirements. If you want to repay the car loan in advance, you must apply one week or one month in advance (different banks have different regulations), and then agree on the repayment date, otherwise you can't repay in advance.

2. Bring the application materials.

If you have made an appointment in advance, you can bring the relevant application materials within the agreed time. Xi Cai Jun suggested that you should contact the business personnel first and ask what materials are needed for the advance payment, so as to avoid making a trip in vain. Generally, you need to provide your valid identity document, loan contract, motor vehicle registration certificate, etc. You can ask the customer service staff for details.

3. liquidated damages

The content of liquidated damages depends on how it was agreed when the car loan contract was signed. Some institutions will stipulate that early repayment is not allowed within one year, or what fees need to be paid for early repayment. The specific charging standard should be stated in the contract. The specific fees paid shall be subject to the loan contract. If the cost is too high, Xi Cai Jun suggested that it might be more cost-effective for everyone to spend their spare money on investment and financial management.

4. Minimum repayment limit

Many people don't know that some banks will set a minimum repayment amount and have requirements for the amount of early repayment. You can ask the staff in advance to specify that the bank is different.

To sum up, whether it is credit card installment, bank car loan or auto consumption finance company, there are fixed prepayment. You can look at the contract in advance to avoid unnecessary disputes.

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