What are the repayment methods of the micro-loan app? Introduction to micro-credit repayment methods

There are two main types:

1. Automatic repayment: make sure that the bank card funds for repayment are sufficient to return the current payable and interest on the day before the agreed repayment date. The bank will automatically deduct the amount on the early morning of the repayment date.

2. Prepayment: you can go to "micro-loan" at any time, click "pay off loan in advance", and complete the repayment as instructed on the page.

How to calculate the microloan interest?

Micro-loan interest is five out of 18.25%, equivalent to an annualized interest rate. In the future, with the further release of users, differentiated pricing will be implemented, and customers with good credit can enjoy two to three thousandths of the day, equivalent to 7.2%-10.8%. Currently, micro-credit loans can be paid in installments for 5, 10, or 20 months.