1. One-time repayment. One of the repayment methods of online loans is one-time repayment. According to the loan contract signed by both parties, the loan will be repaid in one lump sum after the agreed loan period expires, that is, the loan principal and interest will be repaid in one lump sum. One-time repayment is a repayment method agreed in many loan contracts, and it is also a more operational way.
2. Repayment by installment. The second way of online loan repayment is installment repayment. If it is an online loan, you can also choose to repay it in installments. The main reason for choosing installment payment is to reduce the repayment pressure. The specific staging period can be agreed by both parties. Generally, if repayment is made in installments, you should choose to repay the principal and interest within the agreed time limit.
3. Pay interest on a monthly basis and repay the principal when due. The third way to repay online loans is to pay interest monthly. That is, the two parties sign a loan contract, and the borrower pays the loan interest to the lending institution every month, and does not repay the principal every month. Interest is apportioned equally to each month according to the total interest. Then pay off the principal in one lump sum after the loan contract expires.
4. Average capital. The fourth way of online loan repayment is average capital. The so-called average capital means to pay a certain amount of principal every month, and besides the principal, you also need to pay a certain amount of interest. The monthly repayment amount of the repayment person within the agreed repayment period is different, and the more the amount, the less. If the loan amount is not much, it is recommended to use this repayment method, so that you can give less interest.
5. Equal principal and interest. The fifth method of online loan repayment is equal principal and interest. The so-called matching principal and interest means paying a certain amount of interest every month. In addition to the fixed interest, you need to pay back part of the principal. Within the agreed repayment period, the borrower's monthly repayment amount is the same. If you choose this repayment method, you need to pay more interest.
6. Direct withholding. The sixth way of online loan repayment is direct withholding. After borrowing an online loan, the generally available repayment method is to bind the bank card and directly deduct the money. This repayment method saves time and effort, which is convenient for both parties and can avoid abnormal repayment.