This depends on the situation. If you have repaid the loan in full every time before, then there will be no issue of interest exemption, because your own debt is still in the interest-free period.

On the contrary, if you do not repay the loan in full each time, your interest will be calculated based on the entire amount owed. At this time, early repayment can reduce the interest.

You need to evaluate your repayment record first.

Credit card business is familiar to many people, but many people do not understand the basic knowledge of credit card business. Generally speaking, credit cards of different types will have an interest-free period of at least 30 days, and some banks' credit cards can even reach about 51 days. If your previous credit card bills have been paid in full, your credit card bills are interest-free during this period, and your early repayment at this time will have the same result as repaying according to the bill date.

If you haven’t paid off the loan in full before, a lump sum payment does help.

As I mentioned above, interest will continue to accrue if the loan is not repaid in full, and compound interest will accrue. If you have not repaid the loan in full before, you can settle it in one lump sum through early repayment. At this time, all interest on the remaining amount can be directly deducted. There is a special situation. If you have handled installment business before, the one-time repayment cannot reduce the interest on the installment business because the interest has already existed.

It is recommended that you develop a good habit of repaying your loan in full each time.

Some people may have misunderstandings about credit cards. They may think that credit cards are part of their savings for excessive consumption, but in fact credit cards are just an overdraft limit for one person, and this money does not belong to the individual. . We can understand an overdraft credit card as a person's behavior of predicting his or her purchasing power. In other words, the credit card you currently consume will still need to be paid back in the future. This money does not belong to you. The user is just spending beyond the limit for you in the future. It’s just money that needs to be earned.

In summary, early repayment can indeed reduce interest, provided that you have not repaid in full before.