After applying for installment repayment with Ping An Credit Card, you can still apply for early repayment, but there are two things you need to pay attention to. When applying for early repayment of installments with Ping An Credit Card, you need to apply to the Ping An Bank Credit Card Center by phone one month in advance. After the application is approved, you can repay in advance.

1. Under normal circumstances, credit card bill installments are divided into 1-24 installments, and cardholders can freely choose the bill installment period within this range. Although you can repay in advance after using bill installment, handling fees will still be charged. Therefore, if you apply for credit card bill installment, it is best to repay it on time, which is the most cost-effective.

2. It should be noted that after credit card installment, try not to apply for early repayment. The reason is that many banks still charge handling fees or late fees for users who repay early. Except for Industrial and Commercial Bank of China, most banks stipulate that if the cardholder repays the loan early, he must pay all the remaining principal and handling fees in one lump sum.

Early repayment of a loan is generally divided into two methods: partial repayment of the loan in advance and full repayment of the loan in advance. Depending on the repayment method, the borrower can choose a reduced mortgage term or a reduced mortgage amount. It is understood that most banks currently provide five ways to repay loans in advance for customers to choose from.

The first type is full early repayment, that is, the customer pays off the entire remaining loan at once. (There is no need to repay interest, but the interest paid will not be refunded)

The second type is partial early repayment. The remaining monthly repayment amount of the loan remains unchanged and the repayment period is shortened. (Save more interest)

The third type is partial early repayment. The remaining loan will reduce the monthly repayment amount and keep the repayment period unchanged. (Reduces the monthly payment burden, but the degree of savings is lower than the second type)

The fourth type, partial early repayment, will reduce the monthly repayment amount of the remaining loan and shorten the repayment period. (Save more interest)

The fifth method is to keep the total principal of the remaining loan unchanged and only shorten the repayment period. (The monthly payment will increase and part of the interest will be reduced, but it is relatively uneconomical.) Financial experts suggest that if you repay early, you should reduce the principal as much as possible and shorten the loan period so that you pay less interest.

Early loan repayment requirements How to apply for early loan repayment and what are the requirements for early loan repayment?

First, the borrower must repay the principal and interest of the loan on a regular basis for 6 months before he can propose to repay part of the loan or all of the loan in advance for the first time;

Second, the lending institution is a serious loan Management, a minimum limit is stipulated for early repayment of part of the loan, which generally requires more than 10,000 yuan;

Third, borrowers generally need to notify the lending institution 10 or 15 days in advance for early repayment, and must hold the original loan Submit a written application to the lending institution with the contract, bank loan savings card, monthly capital and interest table, personal ID card and other information, and must be reviewed and approved;

Fourth, the borrower still needs to Repay the original monthly loan principal and interest repayment, and at the same time deposit the loan amount that needs to be repaid in advance into a bank savings card

In addition, it is worth noting that if you use bill installment, if a return occurs, you will still be refunded. Installment fees are required. For example, China Construction Bank and China Merchants Bank stipulate that when consumer transactions in bills that have been issued are returned (including full returns and partial returns), the bill installment business that has been successfully processed will not be affected, and the cardholder should continue to repay in accordance with the terms of this agreement. Make the payment and pay the handling fee.