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How to calculate the installment payment of Huaxia credit card?
The billing installment fee is charged at 0.7% of the transaction amount/month, the prepayment fee is RMB 20 or USD 2.5 for the remaining billing installment fee plus prepayment fee, and the cancellation fee is RMB 20 or USD 2.5 for the first billing installment fee.

Huaxia Bank's credit card bill supports the application in 3, 6, 9, 12, 15, 18, 2 1 and 24 periods.

After paying a certain installment fee, Huaxia Bank credit card holders can repay the unpaid part of their RMB bills by installments according to the number of installments applied by the cardholders.

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Precautions for installment payment of Huaxia Bank:

Borrowers can only borrow money from dealers who have signed auto loan cooperation agreements with Huaxia Bank to buy cars. If these enterprises are not our cooperative enterprises, we will not accept such loans.

The loan guarantee method can be full pledge, or a combination of the purchased vehicle mortgage and pledge guarantee. Pledged goods are limited to the deposit certificates (passbook or fixed deposit in the card) of the borrower or a third party in our bank, voucher-type treasury bonds, registered financial bonds and certificates of deposit, voucher-type treasury bonds and registered financial bonds issued by other local financial institutions recognized by our bank.

If you buy a car as collateral, you need to apply for vehicle loss insurance, third party liability insurance and other insurance. During the insurance period, if there is any damage beyond the scope of insurance liability, the borrower shall notify the bank in time, otherwise, the bank has the right to recover the loan in advance. If the lender commits any other breach of contract stipulated by the bank, the bank has the right to recover the loan in advance, dispose of the collateral or hold the guarantor accountable.

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