1. The applicant is willing to repay actively;

2. The applicant does not have the repayment ability, not intentionally overdue;

3. The applicant is overdue and cannot be settled in one lump sum.

4. Provide reasonable proof materials. When the cardholder applies for "personalized installment" through consultation, the bank needs to submit relevant materials such as the entity's business failure, medical certificate of hospitalization, and proof of local family changes. These specific requirements vary from bank to bank. Cardholders should remember to provide real materials when applying, so as to avoid being verified and affecting personal credit information.

however, if users realize that they can't pay the bill in full on time, they can apply for installment payment before it is due. This can reduce the payment burden (installment payment will not start until next month), thus avoiding overdue and damaging personal credit.

what does personalized installment repayment mean?

refers to the repayment form agreed with the bank in line with its own economic situation. Usually, after the credit card is overdue, if the situation is special, the user can apply for personalized installment repayment. Article 7 of the Measures for the Supervision and Administration of Credit Card Business of China Commercial Bank clearly stipulates that under special circumstances, if it is confirmed that the credit card balance exceeds the user's repayment ability and the user is still willing to repay, the issuing bank can negotiate with the user on an equal footing and reach a personalized installment repayment agreement. The maximum term of individual installment agreement shall not exceed 5 years.