Is Kai Chenbao's installment payment legal?

Installment loans are legal. Lenders usually repay the interest and principal in installments when they borrow, and some repay the interest in installments first, and all the principal in one lump sum in the last installment. Which repayment method is determined by the borrower and the borrower through consultation, so installment loan is a legal loan method. If the lender fails to repay the installment principal and interest within the prescribed time limit according to the requirements of the loan contract, it belongs to the lender's breach of contract. The lender may terminate the loan contract in advance and require the lender to pay off all the debts. Lenders can also report the lender's overdue situation to the Credit Information Center of the People's Bank of China, and the lender will have a bad credit record.