Of course. What borrowers need to pay attention to is that they need to inform the lender in advance and apply to the lender before preparing to pay off the loan in one lump sum. Otherwise, the lender will deduct the fee according to the previous agreement and only deduct the current arrears. In addition, if the borrower chooses to repay the loan in advance, there may be liquidated damages. The borrower can check whether there is a penalty in the loan contract or ask the lender.

Will the loan be repaid this month or next month?

Next month. If the loan is made in the current month and the loan is repaid in the current month, the user may not be able to repay the loan on time. Therefore, the first repayment is postponed until next month, which can give users enough time to prepare the repayment amount.