Of course. If you need to cancel installment or prepay, you need to apply for installment settlement. Unpaid installment principal and handling fee need to be paid off in one lump sum. Early settlement cannot be cancelled. It is recommended that you give priority to installment settlement.

legal ground

People's Republic of China (PRC) Civil Code

Article 54 One party has the right to request a people's court or an arbitration institution to modify or terminate the following contracts:

(1) Due to a major misunderstanding;

(2) obviously unfair at the time of conclusion of the contract.

If one party leads the other party to conclude a contract against its true meaning by fraud, coercion or taking advantage of others' danger, the injured party has the right to request the people's court or arbitration institution to modify or cancel it.

The people's court or arbitration institution shall not revoke the request of the parties.

Article 56 An invalid contract or a cancelled contract is not legally binding from the beginning. If part of the contract is invalid and does not affect the validity of other parts, the other parts are still valid.

Article 167 If the buyer who pays the price by installments accounts for one fifth of the total price, the seller may require the buyer to pay the whole price or terminate the contract.

If the seller terminates the contract, it may require the buyer to pay the royalties of the subject matter.