Small loans can be repaid in advance. Users can log on to WeChat, click on the homepage of micro-credit loans, and remind them to repay in advance according to the page. The interest of small loans is calculated according to the specific days of use, so if repayment is made in advance, the interest deducted from small loans will be lower than expected. However, if the profit is less, users often borrow in advance, and micro-loans will also feel that users have no demand for use, which may not be conducive to the increase of credit lines.

if users don't ask much for the amount, they don't have to worry about the impact of repaying small loans in advance. If loans overdue, it will have a negative impact. At that time, it will not only generate overdue interest, but also affect personal credit. If users want to deal with new credit products afterwards, they will also be blocked by credit investigation problems. The above is the related content of prepayment of small loans.

Precautions for early repayment of micro-loan

1. Early repayment requires the whole loan to be settled, and it is not allowed to repay only part;

2. interest on prepayment is calculated to the settlement date;

you can choose to prepay the loan the next day, and the interest on this loan is only calculated for one day.

this paper mainly writes the knowledge points of prepayment of small loans for reference only.