1, and the loan period is short. At present, loan products with the function of borrowing and returning are often short-term. Under normal circumstances, the loan period of such loan products does not exceed 3 years.

2. This will affect the credit. Although the loan product itself has the function of borrowing and returning, it is actually a breach of contract if it is repaid in advance frequently. Although the loan will not damage the credit information, it will affect the speed of the credit line.

3. The interest rate is high, and the loan products with the function of borrowing and returning are often calculated on a daily basis, and the daily interest rate of the loan is still relatively high after the annual interest rate is converted. Generally speaking, the annualized loan interest rate of loan-to-loan products is above 10%.

You still have to pay it back on a monthly basis. For products with a long loan period, the borrower still needs to repay a certain amount of loan principal on a monthly basis, instead of paying the principal and interest in one lump sum after the loan expires.