Lenders do not need to submit any paper application materials when applying for a flash loan from China Merchants Bank. As long as the customer meets the qualifications for flash loan application, the loan can be applied online. After application, the loan can be repaid on schedule or in advance. Yes, then when repaying the loan in advance, is it the principal or the interest?

Does the early repayment of China Merchants Bank's flash loan repay principal or principal and interest?

The amount of early repayment of China Merchants Bank's flash loan includes principal and interest. The interest is calculated on a calendar day and is calculated using one day. One day; one day's interest will be charged for repayment on the loan date. The calculation of all settled interest will end on the day before repayment; subsequent monthly payments for partial repayments will be recalculated based on the remaining principal and term, with the interest rate unchanged.

Flash loans support partial or full early repayment. When partial early repayment of a flash loan is required, each repayment amount needs to be >100 yuan; after partial early repayment, the remaining principal cannot be less than 100 yuan. Thousand, and the remaining period cannot be less than 2 periods. If you are prompted that the remaining principal cannot be less than one thousand, you only need to repay it in full.

Interest for early repayment of flash loans is calculated on a daily basis, with no handling fees and liquidated damages (except for segmented interest rates). If liquidated damages are not displayed on the interface during repayment, it means that liquidated damages will not be charged. Please use your mobile phone to The bank page display shall prevail.

If you repay part of the loan in advance with Flash Loan, you can choose the following two repayment methods for the remaining loan:

1. Keep the period: keep the original term and reduce the monthly repayment amount;

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2 Keep the regular payment: the monthly repayment amount remains unchanged and the term is shortened.

Both methods will reduce the total interest expense, and maintaining the period payment will be more cost-effective than maintaining the period.

The flash loan interest rate is determined by the system based on your personal repayment ability, credit history, etc. The interest rate will be different for each person, please refer to the actual lending rate. Furthermore, partial prepayment in advance is not repayment of the monthly payment, but repayment of the principal and interest of the early repayment, so the current monthly payment must be repaid normally.