1. Loan contract: According to the relevant laws and regulations of China, the loan contract between the online lending platform and the borrower usually clearly stipulates the conditions and methods for the borrower to repay in advance.
2. Preferential prepayment: Some online lending platforms encourage borrowers to prepay, so they may provide certain preferential measures, such as reducing some interest or handling fees. Such preferential treatment can reduce the repayment pressure of borrowers and encourage early repayment.
3. Pre-agreed liquidated damages: Although prepayment is allowed, the loan contract may also stipulate corresponding prepayment liquidated damages. This means that in the early repayment, the borrower may have to pay a certain extra fee as compensation.
Summary: In China's online loan business, borrowers can usually make prepayment according to the loan contract. However, the specific conditions and fees will depend on the terms of the loan contract and the policy of the online lending platform.
Extended data:
Early repayment has some benefits for borrowers, such as reducing interest expenses and improving personal credit records. However, the borrower should read the loan contract carefully before prepaying, and understand the relevant fees and conditions, so as to make a wise decision.