Guangfa Bank provides credit card customers with three installment services: shopping mall installment, consumption installment and bill installment. You can choose the appropriate installment service according to your actual situation:

1 , shopping mall installment payment

When customers purchase goods or services at a shopping mall signed by China Guangfa Bank, they must use the designated method to apply to China Guangfa Bank to divide all or part of the price of the purchased goods or services into several installments (months). Payment: after the real-time authorization and amount approval by Guangfa Bank backend, Guangfa Bank advances the price to the contracted shopping mall on behalf of the customer, and the customer repays the payment to Guangfa Bank on time every month according to the Guangfa Bank statement. Among them, the designated methods include but are not limited to POS machines (including manual card number input), data lines, gateways (including mobile gateways), mobile acceptance terminals (such as PDAs), etc.

Three major advantages of shopping mall installment:

1. No need to apply for information, simple and easy;

2. No need to apply afterwards, just swipe the card directly;

3. Enjoy your favorite products in advance and enjoy a better life.

The Guangfa Bank credit card shopping mall installment payment is only available to Guangfa Bank credit card principal cardholders and supplementary cardholders. Only business cards, debit cards, corporate cards, true online shopping virtual cards, and large-amount cardholders can apply. Cardholders of Caizhijin repayment cards are temporarily unable to apply. The number of installments that cardholders can apply for in shopping malls are 3, 6, 12, 18, 24, 30, 36, 48 and 60. The number of installments that customers can apply for each time depends on the relationship between China Guangfa Bank and China Guangfa Bank. It depends on the shopping mall’s cooperation agreement or customer qualifications. Please consult the merchant for details.

Apply for Guangfa Bank credit card shopping mall installment payment. As long as you pay a certain handling fee in each installment, you can make interest-free monthly installments. The handling rate will vary depending on the cooperation agreement between Guangfa Bank and the shopping mall or the customer qualifications. Differently, the handling fee rate applicable to each application shall be agreed upon in writing when the cardholder applies for the shopping mall installment business or in other ways mutually agreed upon by China Guangfa Bank and the cardholder.

China Guangfa Bank can charge the shopping mall installment fee on a monthly basis or in one lump sum according to the agreement with the cardholder. If it is collected on a monthly basis, the handling fee amortized per bill month = total installment principal × handling fee rate ÷ number of periods, and the handling rate is equivalent to 0-1 per period; if it is collected in one go, handling fee = installment principal Total amount × handling fee rate (handling rate is equivalent to 0-1 per period).

2. Consumption installment payment

The consumption installment business of Guangfa Bank Credit Card "Niangniangxing" means that the cardholder uses the Guangfa Bank credit card to make purchases and applies to Guangfa Bank for the use of installment payment. Repayment is in the form of payment, and the business is repaid according to the monthly account amount. Registration for the "Yanyangxing" consumption installment payment service is not accepted for transactions that have been recorded in the bill. Cardholders are requested to make a request for "Yangyangxing" consumption installment payment before the current bill date (inclusive).

Only when you use Guangfa Bank credit card to make a one-time consumption of more than 500 yuan (inclusive), you can apply for the installment payment service. The number of installments available for the Guangfa Bank credit card "Niang Niang Xing" consumption installment payment are 3, 6, 12, 18, 24, 30, 36, 48, 60, etc., each bill month For 1 period.

The installment handling fee collection method for Guangfa Bank’s credit card “Bianyanxing” consumption is divided into “monthly apportionment collection method according to the bill” and “one-time collection method”. If the "monthly apportioned collection method based on bills" is adopted, the handling fee apportioned per month per bill = the consumption installment amount applied for by the cardholder × handling fee rate ÷ number of installments. The handling fee rate is based on the cardholder's qualifications and the information provided by our bank. Dependent on the comprehensive service cost to the cardholder, the handling fee is equivalent to 0-1 per period. The handling fee of "monthly apportionment based on bill" is included in the cardholder's monthly bill for each period. If the "one-time collection method" is adopted, the one-time handling fee = the consumption installment amount applied for by the cardholder × the handling fee rate (the handling rate is equivalent to 0-1 per period), the procedures for the "one-time collection method" The fee will be included in the first monthly bill.

The handling fee standards for different installments of Guangfa Bank Credit Card "Yangyangxing" consumption installment payment are different. The handling fee is calculated based on a fixed proportion of the total installment repayment amount. This proportion varies depending on the cooperative merchants or customer qualifications. The specific fee rate will be communicated to the cardholder through writing, telephone recording, uplink text message, online banking confirmation, mobile banking confirmation or self-service terminal confirmation when applying for the "Yangyangxing" consumer installment payment service. It has been agreed that once the installment handling fee for "Yangxingxing" consumption is collected, it will not be refunded.

Cardholders can follow the transaction SMS prompts to self-service level, or log in to online banking/mobile banking to self-register, or call 95508 to self-register for consumption installment business.

3. Bill Installment Payment

Guangfa Bank Credit Card Bill Installment Payment is an installment repayment product launched by China Guangfa Bank for the issued bills of credit card holders. Cardholders can flexibly choose the number of installment repayments based on their own financial situation, and only need to pay ultra-low handling fees to enjoy the corresponding interest-free repayment period. Installment payment of credit card bills of Guangfa Bank can only be applied by the principal cardholders of Guangfa Bank credit cards. They only hold US dollar single currency cards, Hong Kong dollar single currency cards, Zhenqing online shopping virtual cards, business cards, debit cards, Caizhijin repayment special cards, Cardholders of Fantasy Card, Corporate Card, Universal Card or Supplementary Card are temporarily unable to apply. Supplementary Cards can be applied for by the main card holder on their behalf.

The time to apply for installment payment of Guangfa Bank credit card bill must be from the day after the current bill date to 2 days before the due date of repayment. For example: Your current bill date is September 5th and the repayment due date is September 25th, then the application period is from September 6th to September 23rd. When applying for installment payment of Guangfa Bank credit card bills, the cardholder's current bill installment amount must be 500 yuan or more; the maximum amount applied for bill installment shall not exceed 90% of the current bill amount, and shall not exceed 80% of the permanent credit limit.

The number of installments that cardholders can apply for with Guangfa Bank credit card bills include 3, 6, 12, 18, 24, 30, 36, 48, 60, etc. Each billing month is one issue. The specific number of periods that a cardholder can apply for is subject to the cardholder's credit standing, and is subject to final confirmation between China Guangfa Bank and the cardholder. The installation fees for Guangfa Bank's credit card bills are divided into monthly amortization and one-time charges. The bill installment fee is determined based on the cardholder's credit status and the comprehensive service cost provided by China Guangfa Bank to the cardholder. The fee rate is equivalent to 0-1 per period. If it is charged on a monthly amortization basis, the handling fee amortized per bill month = total installment principal × handling fee rate ÷ number of installments. If collected in one lump sum, the one-time handling fee = total installment principal × handling fee rate. The specific handling fee rate shall be agreed with the cardholder in writing, telephone recording, uplink text message, online banking confirmation, mobile banking confirmation or self-service terminal confirmation when the cardholder applies for the bill installment service. Once the bill installment handling fee is collected , non-refundable.

Cardholders can apply for Guangfa Bank credit cards through online banking, mobile banking, uplink and downlink SMS, short links, WeChat, Yixin, ATM, CRS, smart banking, Lakala terminal, 95508 customer service hotline, etc. Bills are paid in installments.

Note: The following types of transactions cannot apply for installment payment.

1) Cash withdrawal transactions, installment transactions and various fees (including revolving credit interest, annual fees, over-limit fees, late payment fees and other credit card fees);

2) Non- General commodity consumption transactions, including but not limited to transfer transactions, gold sales, and hotel pre-authorization transactions;

3) Dispute transactions;

4) Foreign currency account transactions and applications for Payment for foreign exchange purchases;

5) Other transactions specified by China Guangfa Bank.