Can I pay back the loan in advance in one lump sum?

Borrowing can be repaid in one lump sum in advance. The steps are as follows: 1. Log in to Alipay. 2. Enter Borrow. 3. Pay off your balance. 4. Confirm repayment. 5. Pay outstanding debts. Benefits of paying off your loan early: save interest, improve your credit score, and reduce repayment pressure.

Can I pay off the loan in advance in one lump sum?

Answer: Yes

Jiebei, as a loan platform under Ant Financial, allows users to pay off one lump sum in advance.

Detailed instructions:

The steps to repay the loan in advance are as follows:

1. Log in to Alipay: Open the Alipay APP and log in to your account.
2. Enter Borrowing: Click "Borrowing" on the homepage to enter the Borrowing page.
3. Pay off the arrears: Click the "Pay off the arrears" button and select "Pay off all the arrears in advance".
4. Confirm repayment: The system will display the total amount that needs to be repaid. After confirming that it is correct, click "Confirm Repayment".
5. Pay arrears: Select the payment method, usually balance payment or bank card payment, and enter the payment password to complete the repayment.

Note:

• No handling fee will be charged for repaying the loan in advance.
• After early repayment, the loan contract will be automatically terminated.
• If there is an undue late payment fee on Jiebei, the late payment fee must be paid off before the loan can be paid off in advance.

Benefits:

The benefits of paying off the loan in one lump sum in advance include:

• Saving interest expenses: Paying off early can reduce interest expenses and reduce the overall loan cost.
• Improve your credit score: Paying off your loan on time can help improve your personal credit score and facilitate future loan applications.
• Reduce repayment pressure: After a one-time repayment, there is no need to make monthly repayments, reducing financial pressure.

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