Description:

1. According to Chinese laws and relevant regulations, the borrower has the right to repay the loan in advance during the repayment period.

2. Advance payment has the following advantages:

-Saving interest expenses: By paying off the loan in advance, you can avoid paying the interest that should have been generated in the future, thus saving interest expenses.

-Improve your credit record: prepayment shows that you have good borrowing behavior, which is helpful to improve your personal credit record and improve your credit rating.

-Reduce financial risks: prepayment can reduce the debt burden, free you from debt bondage and avoid potential financial risks.

Summary:

According to the relevant laws and regulations of our country, the borrower can repay in advance during the repayment period. Early repayment can not only save interest expenses, improve personal credit records, but also reduce financial risks. Under the premise of ensuring the stability of its own economic situation, early repayment is worth choosing.

Extended data:

According to Article 49 of People's Republic of China (PRC) Contract Law, unless otherwise agreed, the borrower may repay the debt in advance at any time. In addition, Article 23 of the Interim Measures for the Management of Business Activities of Peer-to-Peer Lending Information Intermediaries also stipulates that borrowers have the right to prepay, and relevant platforms should clearly stipulate the rights, obligations and expenses of prepayment in the loan contract. However, the specific prepayment rules may be different according to different online lending platforms, so it is recommended that borrowers know and understand the relevant regulations before borrowing.