Does Yipay repay the principal and interest together?

Yes, Yipay has clear regulations on the interest and premiums that should be repaid in the current period. Click to view the details and the loan is completed. After that, you can also check the amount to be repaid in each period (including interest and premium items) in your bill

1. The lenders that cooperate with Yipay are all formal licensed banking institutions. In order to protect the lender's bank's Interest, the lending bank has the right to insure personal loan guarantee insurance, and when applying for insurance, you need to manually check the authorization and agree to the "Insurance Agreement",

2. Repayment/payment method 1 on your loan page column, our company has clearly informed you that you should repay the interest and premiums in the current period. Click to view the details. After the loan is completed, you can also check the amount to be repaid in each period (including interest and premiums) in your bill.

3. The premium rate is determined by the loan period, and the rate is clearly displayed in the insurance contract. You can determine the premium rate you need to pay by checking the insurance agreement.