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What are the differences between loan settlement, debt repayment and principal repayment in advance? What are the differences between the three methods of loan settlement, repayment of arrears and ea
What are the differences between loan settlement, debt repayment and principal repayment in advance? What are the differences between the three methods of loan settlement, repayment of arrears and early principal repayment? Which one is more suitable?

Hello, I am happy to answer your question. Loan settlement represents an act that your loan has been paid off. Repaying the debt means that you have a corresponding loan on a certain platform or a certain institution and then repay it on schedule. This is repayment of the loan in advance. This generally means that after the loan term is longer, you will have money to repay it in advance. This is called early repayment. I hope my answer can help you?