After the special reserve fund for consumption arrives, it will give priority to offset the current arrears of the cardholder's credit card. The principal and handling fee of each installment will be fully included in the minimum monthly repayment amount and will occupy the cardholder's available credit card account. The cardholder notifies the repayment according to the credit card statement and SMS. If the repayment is overdue or insufficient, the corresponding interest and liquidated damages will be charged.
No matter whether the "special reserve fund for consumption" is used or not, the handling fee is normally charged according to the successful application amount.
The amount of principal payable in each period of "special consumption reserve" is equal to the total amount of principal payable in each period divided by the number of periods. The amount of principal payable in each period is calculated to the nearest point, and the remainder that is not divisible is included in the amount of principal payable in the first period.
The repayable principal amount and handling fee of the "special consumption reserve" recorded in each installment shall not participate in other installment business of the Bank.
The repayable principal amount and handling fee recorded in the "special consumption reserve" in each period will not participate in the credit card points plan.
Extended data:
First, the "special consumption reserve fund" shall not be used for the following purposes and purposes:
1. Do not enter the securities market in any form, or use it for speculative operations such as equity investment, securities and futures and private lending;
2, shall not be used for real estate project development, the purchase of housing;
3. It shall not be used in non-consumption fields such as production, operation and investment;
4. Other circumstances that do not comply with national laws, regulations and regulatory provisions.
2. During the installment payment of "special consumption reserve fund", if the reserve fund is used for the restricted purposes and purposes listed in Article 16, the credit card is cancelled, frozen or delayed, or the bank thinks that there is a risk that the cardholder may be unable or unable to handle this business, the bank has the right to ask the cardholder to pay off the remaining principal and the remaining unpaid handling fee in one lump sum.
Ping An Bank-Terms and Conditions of Installment Payment of "Special Consumption Reserve" of Ping An Bank Credit Card