Hello, when it comes to Alipay's borrowing platform, most people will think of ant borrowing. It is reported that the threshold for applying for ant borrowing is more than 600 points for sesame seeds, which has been opened by many people. So what are the repayment methods of ants? Ant's repayment method: However, Alipay stipulates that there should be no more than 20 loans in use. If you want to borrow again, you must pay off the repayment before borrowing. There are currently two repayment methods: 1. Repay on schedule. At present, the loan is automatically divided into 12 months, with average monthly principal and average daily interest. From the day you get the loan, the repayment will start automatically in June 5438+next month 10! By default, the balance of Alipay will be deducted first. If the balance is insufficient, the bank card bound by the shortcut will be deducted, and finally the balance treasure will be deducted. 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. Repayment in advance After applying for a loan, if you have idle funds or pay back the money in advance, you can repay the loan directly, because the loan is calculated on a daily basis. Generally speaking, it is 4.5 ‰ per day, even lower than 5 ‰ of a credit card. And it is the average capital. The repayment of this period is completed, and the next period is calculated on the basis of deducting the principal of this period, which is different from the full interest calculation of credit cards, so it is cost-effective. 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. Excuse me, ants. Is the amount 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 the quantity is not used up within the validity period, it can be recycled. To sum up, there are two ways for ants 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.