Under normal circumstances, Bank of Communications bill installment business supports prepayment, but an application is required.

If the current bill amount of your Bank of Communications is RMB or above in 600 yuan, 90% of the current bill amount can be divided into installments. However, the installment of Bank of Communications bills is not free, and there is no need to pay a certain handling fee to the bank to handle this business.

The handling fee of Bank of Communications credit card varies according to the number of periods: 0.82% for the third period, 0.70% for the sixth period, 0.67% for the ninth period, 0.67% for the 12 period, 0.67% for the 18 period and 0.70% for the 24th period. You can choose to pay the handling fee in one lump sum or in installments.

Of course, if you handle the bill in installments, you can also repay it in advance.

However, first of all, we should pay attention to these points of prepayment.

1. If you want to terminate the installment, you must call the Bank of Communications service hotline to apply for early repayment, and the customer service will terminate the installment for you according to your application.

2. As long as you handle the installment business, the bank has already calculated your principal and interest, so whether you repay in advance or not, the amount you want to repay is still so much, and the prepayment will not be reduced.

3. The installment fee charged after installment is non-refundable. In addition, the early settlement operation cannot be cancelled, and the amount settled in advance cannot be amortized again.

2. How to handle prepayment and what are the requirements for prepayment?

1. The borrower can only propose to repay part or all of the loan in advance for the first time after 6 months of normal repayment of the loan principal and interest.

2. For serious loan management, the lending institution has set a minimum amount for the prepayment of some loans, which generally needs more than 6,543,800 yuan.

3. The general borrower shall notify the lending institution of prepayment 10 or 15 days in advance, and submit a written application to the lending institution with the original loan contract, bank loan repayment savings card, monthly statement of fund repayment, my ID card and other materials, which shall be examined and approved by it.

4. The borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount to be repaid in advance into the bank savings card.