The online merchant loan under the online merchant bank is a kind of business loan suitable for small, micro and medium-sized enterprises, and it is also a personal loan, but the borrower is required to be a legal person. Due to the great changes in store operation, it is inevitable that there will be demand for early repayment. So does the online merchant loan support prepayment? Let's get to know each other.

1. Can the online merchant loan be repaid in advance?

Yes, online merchant loans support early repayment;

If you want to repay in advance in the current month, you can repay manually on the home page.

2. Is there any handling fee/penalty/interest for prepayment of online merchant loans?

Because there are several different products under online business loans, there are different rules for prepayment of each product. Let's take a look at the relevant content.

1) Ali credit loan: handling fee (3% of the principal repaid in advance), without calculating the interest on the repayment date (the interest on the withdrawal date is still 1 day);

2) Taobao/Tmall Credit Loan:

A Tmall credit loan, there is no prepayment fee for 6 months. 12 months, prepayment is not supported in the first three installments, and prepayment after the third installment is charged at 2% of the prepayment principal.

B market credit loan, prepayment is not supported in the first three installments, and 2% of prepayment principal is charged for prepayment after the third installment.

3) For the AliExpress loan, a handling fee of 2% of the prepayment amount is charged for the combined loan of 1-3, and a handling fee of 1% of the prepayment amount is charged for the loan of 12, and no handling fee is charged.

Warm reminder: Please refer to the page for specific prepayment rules.