The repayment methods of Ali Car Second Loan include Alipay repayment or bank card repayment. Alipay repayment needs to be bound to a unique account, which can only be recharged in the designated account. Just make sure that there is enough balance in Alipay account on the repayment date, and then deduct money from Alipay.
Bank card repayment is directly deducted from the bank card. What bank card to deduct depends on what the 4s shop says. Many netizens said that it is a Bank of China card, so it is best to consult a 4s shop before buying a car.
Early repayment is the part that the borrower pays more than the monthly principal and interest. The prepayment without fully paying off the mortgage loan is called partial prepayment. Through contractual arrangements, it is forbidden to repay in advance within the agreed time limit, which is called lock-up period. The lock-up period is 2- 10 years. After the lock-up period, the guarantee of prepayment usually adopts other methods, such as prepayment penalty or rate of return maintenance fee.
Extended data:
operation sequence/order
1. Repayment in full in advance: after the loan bank verifies that the relevant materials are correct, it will go through the formalities of prepayment in full.
2. Early repayment with the same loan term: the loan bank instructs the borrower to fill in the relevant agreement. If the original loan guarantee method is mortgage+insurance, and the mortgage registration has not been completed, you need to go to the insurance company designated by the city center with the original insurance policy, your ID card and relevant agreements to reduce the insurance coverage, and the final agreement should be sent to the corresponding sub-center by the loan bank in time.
3. Early repayment includes three situations: full repayment in advance, partial repayment in advance with the loan term unchanged, and partial repayment in advance while shortening the loan term. The loan bank can only accept the application for prepayment of personal loans from the second repayment month. Although prepayment can save interest expenses, there are four types of buyers who are not suitable for prepayment.
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