If it is a single consumption installment applied before the bill date, the current bill needs to repay the principal and handling fee of the first installment. If the bill installment is applied after the bill date, the first installment of the bill installment can only be repaid in the next bill cycle for the part that cannot be installment in this period.
A quasi-credit card, in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. Credit cards generally refer to credit cards.
Extended data:
By filling in the credit card application form, the contents of the application form generally include the applicant's name, basic information, economic status or income source, guarantor and its basic information. And submit some copies of certificates and vouchers to the issuing bank. After filling in the application form truthfully, the customer shall submit the completed application form and relevant credit certificate.
A credit card contract is attached to the application form. The applicant authorizes the issuing bank or relevant departments to investigate the relevant information, and submit the information authenticity statement and the privacy protection policy of the issuing bank. , and must have the applicant's autograph.
After the Bank of Communications credit card application is approved by installment, there is no need to repay the installment in this period, and the principal and handling fee will be repaid by installment in the next period. The provisions of Bank of Communications on installment payment are as follows:
1. If the cardholder calls the customer service hotline of Bank of Communications to apply for installment payment, it means that the cardholder has accepted all the terms of the business. Bank of Communications has the right to decide whether to approve the installment payment application independently according to internal business regulations and commercial judgment.
2. The successful transaction of applying for consumption installment is irrevocable. If the goods are returned, the recorded installment fee will not be refunded.
3. The installment principal is equal to the consumption amount of the installment application (hereinafter referred to as "installment amount") divided by the number of installments, and the installment fee is equal to the installment amount multiplied by the monthly rate. The installment principal is calculated to Yuan, and the installment fee is calculated to Yuan.
If the amount of principal payable in each period is not divisible by the number of periods, it should be split by rounding, and the difference should be adjusted in the last period. If there is partial repayment in the current period, the installment payment amount is the consumption amount minus the repayment amount; If it is lower than 500 yuan, you can't apply.
4. When the cardholder fully repays the amount payable in the current period listed in the bill before the due repayment date, the principal repaid in installments in the current month can enjoy the interest-free period; The installment fee will be fully included in the minimum monthly repayment amount of the credit card and should be repaid on schedule with the principal.
If the applicant fails to repay the loan on time, Bank of Communications has the right to charge interest according to the overdraft interest rate and interest-bearing method of the credit card, and collect relevant fees according to the charging standard and charging method of the credit card.
5. Those who meet the conditions of Bank of Communications' extension of installment payment may apply to Bank of Communications for extension of installment payment, and each installment payment can only be extended once at most. If the cardholder's account is in an abnormal state stipulated by the Bank of Communications or the cardholder has paid off the installment principal, the extension business cannot be handled.
6. When the installment payment is over-repaid, if the over-repayment is not enough to fully repay the principal of the next installment payment, the repayment shall be deemed as repayment of the principal of the last installment payment, with the number of repayment periods unchanged and the repayment amount of other installments unchanged.
If the next principal is repaid in full due to excessive repayment, the number of repayment periods will automatically decrease, and the handling fee will be charged according to the actual number of periods; If the installment principal has been paid off, it will be regarded as the end of the installment.
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