How to calculate the repayment when buying a car by installment with a credit card

The user applied for a car loan from a bank. After the approval of the bank, the bank will send the user a credit card, which is used to repay the car loan every month. Banks generally don't accept car loans, but there is a business of buying cars by installments with credit cards, that is, buying cars by installments with credit card quotas, so credit cards are used as repayment bank cards. This is a car installment business handled by a credit card, which can also be understood to be similar to a car loan. It means that a large amount of special installment payment is approved on the credit card, and you can directly repay it to the card without activating it. The card letter of the credit card will indicate the billing date of each month, and the repayment date of each month is the 2th day after this bill date. The repayment date of each month is fixed. When the bill of the first month is issued, you should receive a text message to remind you of repayment.

In addition, the user must return the money to the credit card on time every month. Unless there is an agreed grace period for repayment, there will be a credit record for one day overdue.

1. Process of installment payment for car purchase by credit card

(1) Apply. After optimistic about the vehicle to be purchased, fill in the application form for automobile consumption loan and the questionnaire on credit status, and submit it to the loan bank together with the relevant certificates of personal situation.

(2) The bank conducts pre-lending investigation and approval. Banks will promptly notify borrowers to fill in various forms if they meet the loan conditions.

(3) notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the formalities of mortgage registration and insurance.

(4) loans issued by banks (directly transferred by banks to the accounts of car dealers).

(5) The borrower pays the down payment to the car dealer, and goes through the formalities of car pick-up with the passbook and the car pick-up slip issued by the bank.

2. Materials required for installment payment of car purchase by credit card:

1. First, apply for a credit card;

2. Give you a loan to buy a car according to your credit history (that is to say, when you get your card, you should activate it, then use it for a period of time, often swipe your card, and then pay back the money on time. Don't fail to pay back the money after the deadline. The credit history is good);

3. Each bank has cooperated with the designated car dealers, which means that you can only choose the car brands provided by the bank, and then choose the loan period according to your own economic situation (only one year, two years and three years) after choosing the brand;

4. Then go directly to the bank outlet to find the account manager, and they will handle all of them for you, usually within 15 working days.

how to repay the car loan with a credit card

the owner can use the credit card to repay the loan at the ATM of the mortgage bank, or set the automatic repayment by binding the credit card with the bank card.

the cardholder can repay the car purchase money in monthly installments only by bearing a certain handling fee.

There are several points to pay attention to when repaying a car loan with a credit card:

First, the credit card cannot pay the down payment of the car.

second, there is a one-time handling fee for credit card car purchase, which needs to be paid off at the first repayment.

3. If the buyer pays off the money in advance, the one-time handling fee will not be refunded.

The repayment method of CCB's car loan is as follows:

1. Open the CCB app and click the place indicated by the arrow in the upper right corner.

2. Next, click Login Now to log in to the app client of CCB.

3. after logging in, click the loan indicated by the arrow.

4. After entering the loan page, click Repay Now as indicated by the arrow to repay the car loan.

how to repay the car loan by credit card (debit card)?

The user applied for a car purchase by credit card (debit card) in installments. As long as the repayment amount is deposited into the credit card (credit card) during each installment, the system will automatically deduct the money on the repayment day, which is equivalent to the user returning the current car loan. Buying a car by credit card (debit card) is to repay the car loan in installments every month, and only need to pay a certain handling fee, which is the car loan model promoted by banks.

therefore, to apply for car purchase by installment with a credit card (debit card) requires users to have a credit card (debit card), and users without a credit card (debit card) need to apply for a credit card (debit card) before handling this business.

how to repay the car loan with a credit card

the owner can use the credit card to repay the car at the ATM of the mortgage bank, or set the automatic repayment by binding the credit card with the bank card. The cardholder can repay the car purchase money in monthly installments only by bearing a certain handling fee.

There are several points to pay attention to when repaying a car loan with a credit card: First, the credit card cannot pay the down payment of the car; Second, there is a one-time handling fee for credit card car purchase, which needs to be paid in the first repayment; 3. If the buyer pays off the money in advance, the one-time handling fee will not be refunded.

At present, this method of car purchase by loan is very popular among car buyers, but paying back the car loan by credit card is very important for the credit status of the card holder. If credit card customers are in poor condition and have overdue or arrears records, this loan method cannot be approved. You must hold a bank credit card for a certain period of time and have a certain credit limit.

In this loan method, the bank does not charge loan interest, but it has to pay a certain handling fee, which is generally deducted by the bank at one time. The amount of handling fee is generally determined by the loan term and loan model. The handling fee charged during the one-year loan period is about 2%-5.5%, and the handling fee charged during the two-year loan period is between 6.5%-7%. Major banks may be different, and car owners can go to banks for consultation. (Photo/Text/Photo: Wu Binbin) @219

Let's stop here for the introduction of how to repay the car loan credit card.