How to repay CMB e-installment? Let’s learn about the two repayment methods

Friends who are familiar with China Merchants Bank’s e-instalment should know that e-instalment has an independent quota. When handling consumption installment or bill installment, use the e-installment quota for installment. Your credit limit will not be occupied. However, after successfully applying for e-installment, you must repay the loan on time every month. So, how to repay the CMB e-instalment loan? Should I pay off the credit card or do I need to pay it off separately? Let’s find out together below.

How to repay CMB e-installment?

When you apply for CMB e-installment for the first time, CMB will open an e-installment account for the user separately, which mainly records the user’s e-installment accounting situation and is used for repayment. Therefore, CMB e-installment cannot directly repay the credit card account every month, but must repay the e-installment account separately.

In addition, e-instalment account repayment cannot be transferred and repaid using other banks’ online banking, mobile banking or third-party payment platforms (Alipay, WeChat), etc. The repayment must be made in the China Merchants Bank system. . As for the specific method of repayment, there are two repayment methods: self-service and self-deduction.

The procedures for different repayment methods are different:

1. Self-service repayment: You need to make the final repayment of your credit card through mobile life, mobile banking and online banking, and choose an e-installment account , click the repayment button and follow the prompts.

2. Self-deducted repayment: In advance, you need to bind the China Merchants Bank "All-in-One Card" in your name to your credit card account, and deposit enough money into the all-in-one card. The bank will repay the payment on the final repayment date of the credit card. Automatically deduct money from the card.

The above is the relevant introduction to "How to repay CMB e-installment?" All in all, China Merchants Bank’s e-installment account needs to be repaid separately every month, and can only be repaid through self-service and self-deduction, and cannot be directly transferred to the credit card account for repayment.

How to repay the China Merchants Bank bill after installment?

After the bill installment is successful: the amount that needs to be repaid in the current month is: the total bill amount - the installment amount. The first installment principal and handling fee will be charged to the next month's bill.

For example: The installment amount of the bill is 10,000 yuan, of which 8,000 yuan is in installments. You only need to repay 2,000 in this period, and the installments will start from the next bill.

Warm Tips

1. After your application for installment is successful, the first installment amount and handling fee will be included in the latest RMB bill.

2. There is no installment service for commercial cards.

3. After the bill is installmentd, the repayment date is the repayment date of your credit card. The amount of each bill installment can be repaid before the repayment date at the latest.