1. Cash installment is limited to RMB currency, and cash installment cannot be applied for deposit/temporary line.
2. The cash installment amount shall not exceed 50% of the total credit card, ranging from 500 yuan to 50,000 yuan, an integer multiple of 100 yuan.
3. After the installment is successful, the installment amount and the number of installments cannot be changed. Bank of China will transfer the money to the debit card in the name of China Bank designated by you, and the account opening certificate of the debit card must be consistent with the account opening certificate of the credit card applying for cash installment. Please follow the page prompts to handle the self-service channel.
4. The deduction date of cash installment is the billing date, and repayment is prompted according to the bill.
5. Cash installment occupies credit, installment and withdrawal amount at the same time. If two consecutive bills are not repaid on time, the unrecorded installment principal and the remaining installment interest will be recorded in one lump sum.
Tips:
1. You may need to check your personal credit information.
2. The principal and interest of each cash installment shall be fully included in the minimum repayment amount. If the cash installment principal is not fully repaid on the due repayment date, the principal interest shall be calculated from the bookkeeping date, with a daily interest rate of 0.5 ‰ and compound interest on a monthly basis. Debit interest is not charged for unpaid installment interest. 5% of the outstanding principal will be charged as the repayment penalty.
3. The cash installment amount is based on the customer. As many cards in your name meet the cash installment conditions, the maximum amount cannot exceed 50,000 yuan.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.