Taobao Tmall Credit Loan bears interest on a daily basis according to the actual amount used. If repayment is made in advance, no interest will be charged for prepayment. If all loans are settled in advance, no subsequent interest will be charged. Interest is calculated on the day of loan, not on the day of repayment.

Taobao Tmall Credit Loan Repayment Method

1. Repayment on schedule: Alipay should recharge before noon on the repayment date 12, and the system will automatically deduct the payment.

2. Repayment in advance: recharge enough money in Alipay and operate in the corresponding loan information.

In addition, for the credit loan of 12, prepayment is not supported in the first three installments, and the handling fee of 1% is charged for prepayment of 4~9 installments, and no handling fee is charged for 10~ 12 installments. Please refer to the page display for details.

Extended data:

I. Calculation of overdue interest

In case of overdue, the penalty for the overdue part is 65438+ 0.5 times the normal daily interest rate. The calculation formula of penalty interest is: penalty interest = overdue bill amount (overdue principal plus interest) x interest rate x 1.5x overdue days (excluding the current day).

2. If the prepayment fails or is abnormal, you can check it according to the following steps:

1. Check the loan record to see if the repayment has been successful;

2. Check whether the selected repayment channel has enough funds;

3. Try to change the browser.

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