Instalment payment can be repaid in one go, but if the user wants to repay in one go, they need to apply for early repayment. From the perspective of the loan contract, whether it is partial or full repayment, early repayment is a breach of contract, and the lending institution can charge a certain amount of penalty interest according to the contract. Prepayment is a breach of contract. This repayment disrupts the lender's capital utilization, and the lender loses all interest income from the loan.

Generally, installments can be paid off in one lump sum. If the small loan applied for by the user has a higher interest rate, the applicant can choose to repay it early. Although you need to pay a certain handling fee, you can get rid of the control of loan sharks.

Installment payment

is a product developed by Shenzhen Fenqile Network Technology Co., Ltd., an Internet consumer financial service provider. Simply put, Fenqile is an online mall focusing on installment shopping for young people. It has also reached strategic partnerships with many B2C malls such as JD.com and Yixun, and established in-depth cooperation with first-line consumer P2P platforms such as Liyi, Paipaidai, and Jiufu Finance.

How to pay off the full amount in advance

1. Click the installment APP and click the My button on the page to enter the personal center;

2. On the personal center page You can see our repayment bill for this month, and then click to open the bill to enter the bill page;

3. On the personal repayment bill page, click the bill details option on the page to enter the loan bill details page;

4. On the bill details page, you can see the details of the loan or purchased goods we generated before, and then select the bill that requires early repayment and click to enter;

5. Enter each payment After entering the repayment details page of the bill, scroll down the page to see the early repayment button, and then click the early repayment button to make early repayment;

6. After entering the all early repayment page, you can see We will reduce the amount of early repayment and the actual amount that needs to be repaid, and then confirm the repayment and the full amount can be refunded in advance.