(1) Direct recharge and repayment
The borrower can deposit the repayment funds into the designated Alipay account in advance by means of online banking recharge or entrusting others to transfer money. Alipay will automatically deduct money from them on the deduction date (the day after the repayment date, usually in the early morning of 2 1). The advantages of direct recharge repayment are that it can be operated at any time and the repayment is convenient; The disadvantage is that the funds stay in Alipay account after recharging, which has certain repayment risk.
(2) Use the "student loan repayment" function to repay.
The borrower himself or entrusts others to use the "student loan repayment" function to gradually complete the repayment according to the Alipay system prompts. For borrowers who have applied for early repayment, they can use the "student loan repayment" function to repay at any time before the repayment date; For borrowers who have not applied for prepayment, but their principal and interest are overdue or due, they can use the "student loan repayment" function to repay after the interest is settled by the system (generally 1 day per month) to the repayment date. The advantage of using the "student loan repayment" function is that the money will be deducted with the repayment, and the funds will not stay in the account, so the security is high. At the same time, any Alipay account can be used to repay the designated borrower.
Open the Alipay website, and the borrower logs in with the Alipay account number printed on the loan contract (the initial password is on the acceptance form). After logging in to Alipay website, click the "Repay" button as shown below. Click the "Student Loan Repayment" button on the left. After opening the application interface of student loan repayment, click "I want to repay". Enter "Borrower Alipay Account Name", "Borrower ID Card" and "Verification Code" to inquire repayment information. After confirmation, proceed to the next step. You can choose to pay by Alipay account balance, online banking or express payment. It is recommended to pay by express payment, because this method does not need to open online banking. Select a bank and enter the bank card number and mobile phone number (which must be the same as the mobile phone number reserved by the bank). Click "Agree to the Agreement and Pay" to pay successfully.