The repayment dates are different.

For daily repayment method, the repayment date of each period is the corresponding day of each period starting from the actual loan date. For fixed-day repayment method, the repayment date of each period is the designated date for each period as stipulated in the contract. The last payment date is The repayment date is the loan maturity date.

The repayment date is generally fixed date. If you adopt the repayment method of equal principal and interest or equal monthly principal, then your repayment date is the 20th of each month. This date of repayment was adopted by many banks around 2000. Currently, many banks still set the 20th as the repayment date. Now many banks set the repayment date as the 5th or 8th of each month.