There are two repayment methods: one is automatic repayment: the system will deduct money from your account 12 on the repayment date, and you need to prepare repayment funds in advance.

Second, the manual repayment:

1. After entering Alipay wallet, click on My-Excuse me.

2. You can see the item "Repayment" here, and click to enter.

3. Click on the loan record in the repayment interface, and then click on one of your loan slips. Check the repayment date and prepay on this loan slip.

At this time, you can see the loan term written on this IOU. Then click Prepayment. Then it will enter the Alipay repayment process.

5. Enter the amount you want to repay.

6. Confirmation of repayment will prompt that some interest will be deducted for repayment now. The sooner you pay back the interest, the less.

Operating environment:

Brand model: iPhone 13

System version: iOS 15.0

App version: 8.0. 16

1. How to calculate the interest on prepayment?

The longest repayment period of "borrowing" is 12 months, and the daily interest rate of the loan is 0.045%. The amount applied by the user can be transferred to Alipay, and the balance, like the loan obtained from the bank, can be tied to the bank card for cash withdrawal, which is very convenient. "Ant loan" is calculated by the day. The daily interest rate of the loan is 0.045%, and the converted annual interest rate is 16.425%. 1. Repay in advance by installment. If each installment is repaid in advance, it shall be calculated on a daily basis. From the day of repayment, there is no need to calculate the interest from the next day to the final repayment date of this period. Then calculate the interest on a daily basis from the first day of the next issue. 2. Repay in full. If the lent funds are no longer needed, or you have money in advance and feel that you don't want to waste interest, you can directly return them in full, so you only need to calculate the daily interest, for example, directly use the principal *0.045%* days.

Second, how do ants borrow it?

If you want to open ant borrowing, you must meet three hard conditions: Alipay account status is normal, Alipay has passed real-name authentication, and ordinary mobile phone number is bound to bank card. Alipay account status is normal, that is, Alipay can be used normally, and some functions are due to tx.

Violations such as brushing and brushing are not restricted. Real-name authentication, binding bank card and mobile phone number are necessary conditions for credit loans, and Ant Financial is no exception as a consumer credit loan product. After the hard conditions are met, you can enter "actual combat".

There are several repayment methods.

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When it comes to Alipay's loan platform, most people will think of ants borrowing it. It is reported that the threshold for applying for ant borrowing is more than 600 points for sesame seeds, and many people have already opened it. So what are the repayment methods for ants to borrow?

Ant borrowing repayment method:

However, Alipay stipulates that there are no more than 20 loans in use. If you want to borrow again, you must pay off the repayment before borrowing. At present, there are two repayment methods for loans:

1, repayment on schedule

At present, the automatic staging is 12 months. The average monthly capital and interest will be calculated on a daily basis. From the day you borrow money, you will automatically initiate repayment when you arrive at 1 next month! By default, the balance of Alipay will be deducted first. If the balance is insufficient, the bank card bound by shortcut will be deducted, and Yu 'ebao is the last one. If all deductions fail or are insufficient, it will leave a bad credit record, so you need to deposit enough funds at least one day in advance.

2. Advance payment

After applying for a loan, if you have idle funds or money in advance, you can repay it directly, because borrowing money is calculated on a daily basis, which is generally 4.5 per day, which is lower than credit cards and is the average capital. After the repayment in this period is completed, after deducting the principal in this period, the interest will be calculated in the next period, which is much more cost-effective than the full interest calculation by credit card. Users can enter the mobile phone Alipay, find the ant to borrow money for repayment, click prepayment, and enter the amount to be repaid and the payment password for repayment.

Do ants borrow money high?

It is reported that the current maximum credit line of Ant Lending is 300,000 yuan. According to the different qualifications of users, the expected annualized interest rate of loans is also different, usually floating around 0.045%. The longest repayment period of the loan is 1 year. It stands to reason that as long as it is within the validity period and as long as the quota is not used up, it can be recycled.

To sum up, there are two ways for ants to borrow money to repay, automatic repayment and early repayment. Although the quota is good, it is still the same sentence: friends who are not in urgent need or whose net income cannot cover interest, try not to borrow money.

Can the repayment method borrowed by ants be repaid together when it expires?

You can return it together when it expires.

There are two repayment methods for ants to borrow money:

1, the monthly payment is equal, and the repayment amount of each installment is the same.

Matching principal and interest repayment method refers to the sum of monthly matching repayment of loan principal and interest. Most banks use this method for housing provident fund loans and commercial personal housing loans, and the monthly repayment amount is the same.

2. Pay the interest first, then the principal, and repay the principal once when it is due.

Repayment of interest on a monthly basis means that the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis.

In addition, ants borrow money and pay it back. Interest shall be calculated on a daily basis after borrowing. You can pay the money in one lump sum at any time without any penalty.

Extended data:

Ant borrowing is a loan service launched by Alipay. At present, the application threshold is sesame score of 600 or above. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.

The repayment method of interest first and capital later has the smallest repayment pressure in the early stage, but the final repayment amount has increased sharply, so it is the most risky for financial institutions. For the repayer, the interest to be repaid is the most. Generally, this only applies to business liquidity, and short-term loans are better.

Baidu Encyclopedia: Loan

Baidu Encyclopedia: Sorry.

How to use the repayment method of paying interest first when ants borrow it?

Borrow, there is no repayment method of paying interest in advance.

Borrow the current two repayment methods

1, equal monthly payment

Equal monthly payment is to calculate the principal and interest at one time and then pay the same amount every month. This repayment method is to repay part of the principal and interest every month, which is the mainstream repayment method of borrowing money.

2. Pay interest first and then repay the principal

Paying interest first means that during the loan period, only the interest is paid every month in the first few installments, and the principal and interest of the current month are paid once in the last month. The repayment pressure of only paying interest in the first few months is relatively small, but in the last period, the principal+interest needs to be paid for the second time. If the willingness to repay is not strong, it is more likely to encounter overdue.

Extended data:

Loan repayment method

There are two ways of repayment on schedule and prepayment.

1. Repayment on schedule:

By default, the system will start automatic withholding on the repayment date. You may be worried about:

Deduction time: the deduction time starts at noon 13, so it is recommended to reserve sufficient deduction funds before noon 13 on the repayment date. Due to the large amount of deduction, the deduction will be carried out gradually; Repayment before 24 o'clock on the same day is normal repayment, and it is not overdue. If your account exceeds 19 and the deduction has not been successful, it is recommended that you operate manual repayment to avoid overdue.

Deduction sequence: the deduction sequence will be based on the payment sequence you set. If not set, the deduction will be made in the order of balance, savings card express (including online merchant bank) and balance treasure. If the debit card is deducted, the fast/cartoon will be polled from the latest to the earliest in the order of card signing, and only the first 7 cards will be polled at most.

2. Advance payment

Log in to Alipay, click My-Ant Borrow in the lower right corner, select Pay Back-Pay Back the Principal in advance on the Borrow Home page, select the amount to pay back, and follow the instructions on the page.

Interest on prepayment: interest on borrowing by ants is charged on a daily basis. If the repayment is made in advance, the interest will be calculated according to the actual days of use. Whether to charge the prepayment fee is subject to the page display.

Reference source: Baidu Encyclopedia-Borrowing

Reference source: People's Daily Online-Sesame Branch applies for a loan.