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Is it legal for Weibo to borrow money and repay in advance without reducing interest rates?
Legal analysis: If the two parties have not agreed on interest, it is ok, because this situation has not harmed the interests of creditors. However, if both parties agree on interest and the borrower prepays, the creditor may refuse to prepay, because prepayment will directly reduce the interest income of the loan and cause certain damage to the interests of the creditor.
Legal basis: Article 530 of the Civil Law of People's Republic of China (PRC), the lender may refuse the borrower to perform the debt in advance, unless it does not harm the interests of the borrower.
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