CreditEase still has enough principal. Do you still need to return it?
CreditEase is an online lending platform under CreditEase Pratt & Whitney, which mainly provides small loan services for small and micro business owners and wage earners. In CreditEase, the borrower and the borrower should sign a loan contract, stipulate the loan amount, principal, loan term, interest and other matters, and then fulfill the repayment obligations according to the contract.
Moreover, CreditEase is not a charity, and even if the principal is repaid, it needs to pay interest, not to mention CreditEase is a private lending institution. Therefore, it is definitely not enough to repay the principal in CreditEase, and the interest should also be paid. After all, loan interest is one of CreditEase's profit sources.
What if CreditEase only pays back the principal?
In CreditEase, only the principal is paid off, but the debt cannot be settled. CreditEase will still collect the money, and all kinds of means will go into battle, such as SMS collection and telephone collection, until the interest is fully paid off. However, it is said that CreditEase's interest is relatively high, and unreasonable interest can be negotiated. If negotiation fails, you can claim rights to the court according to law.
According to the new regulation of private lending interest 202 1, if the lending behavior occurs before August 20, 20 19, the upper limit of the protection interest rate can be determined with reference to four times the quoted interest rate of the one-year loan market when the plaintiff sues. The LPR of 1 year is multiple LPR. The borrower can calculate the actual interest rate according to the interest of the loan contract, and the excess can not be repaid.
The above is "Is CreditEase enough to repay the principal?" I hope it helps you.