Minsheng Quanminle installment is actually a credit card installment service. However, compared with the previous installment business, the Quanminle installment limit is independent of the credit limit, which means that it is processed through the Le installment limit. Credit card installment business will not occupy the credit limit. You no longer have to worry about the reduction of consumption limit after applying for installment.

It should be noted that the Quanminle installment amount can also be used for bill installment, free installment, and cash installment. The details are as follows:

1. Quanminle installment-cash installment : After the cardholder obtains the Le installment limit, he or she can apply to the Minsheng Credit Card Center to transfer the Le Minle installment limit to the debit card under his or her name, and make installment repayments, and then repay the installment cash in accordance with the contract, which needs to be repaid every month. A portion of the principal and handling fees.

2. Quanminle Installment-Bill Installment: After the current bill comes out, the cardholder can use Quanminle to use Quanminle between the day after the bill date and 17:00 on the last repayment day. Make installment repayments according to the installment amount, and then repay part of the principal and handling fees according to the contract every month.

3. Quanminle Installment - Free Installment: Cardholders who use their credit cards to make a consumption of more than 600 yuan can use the Quanminle installment limit to spend the amount before the statement comes out. Make installments, and then repay a portion of the principal and handling fees according to the contract every month.

The above is the relevant introduction to "What is the installment of people's livelihood and universal happiness". All in all, Minsheng Quanminle installment is an installment business with a special quota. Within this quota, three types of installment businesses can be handled: Universal Le installment - cash installment, Quanminle installment - bill installment, and Quanminle installment - free installment. And these three installments can be handled After the installment is successfully processed, the credit limit will not be occupied.

How to repay the Minsheng Quanminle installment?

According to what we know, no matter what kind of installment business you use Minshengle’s installment quota to handle, as long as the application is successful, the principal repayment and handling fee for each installment will be included in your current bill. Minimum repayment amount. You must repay at least the minimum repayment amount before the end of the last payment day of each month. Otherwise, if you fail to repay or the repayment amount is lower than the minimum repayment amount, it will be considered overdue.

As for how to repay, there are two repayment methods, one is repayment on schedule and the other is repayment in advance:

1. Repayment on schedule

That means you have to pay back a portion of the principal and handling fees every month. The monthly principal repayable = the total installment amount ÷ the number of installments; the monthly handling fee payable = the total installment amount × the installment rate.

2. Early repayment

That is, to pay off the outstanding installments in advance for the successfully processed Universal Loan installment, you need to call the customer service hotline or installment hotline of Minsheng Bank Credit Card Center Apply.

After the application is successful, the remaining undistributed principal of Quanminle installment and the early repayment installment handling fee will be included in the minimum repayment amount of the bill on the next bill date. Minsheng Bank Credit Card Center waives the handling fees for early repayment for the remaining period, but the handling fees collected will not be refunded.