China Construction Bank's installment business refers to the applicant applying for a special installment quota from CCB due to the large consumer demand, and issuing a special installment card after approval by CCB, and the applicant independently uses the installment card according to the prior agreement.
It is aimed at users with good credit and stable income. After applying for installment, you can choose 6/12/18/24/36/48/60 (monthly) installment payment, and you need to pay the handling fee for the corresponding number of installments.
CCB's installment pass can be used for child care, buying large durable goods, weddings, etc. , as long as it is used for the purposes specified by CCB. If it is used for other than the specified purpose, the bank will bear the consequences of violation.
1. How do CCB charge by installment?
When customers use the installment card, there is no charge for consumption; After consumption, it shall be recorded in installments according to the consumption amount, the number of installments agreed upon at the time of application and the handling fee rate.
Installment fees are charged by installments, and the amount of fees payable by the cardholder in each installment = actual installment payment amount × cardholder's monthly fee rate. From the first billing date after the customer completes the consumption, the fee will be recorded monthly according to the installment times and rates agreed at the time of application, and the full amount will be included in the minimum repayment amount of the installment card.
The calculation rules of interest and liquidated damages for installment business and other unfinished matters shall be implemented in accordance with the Articles of Association of China Construction Bank Longka Credit Card, China Construction Bank Longka Installment Card Collection Agreement and other business regulations.
Two. Types of Credit Cards of China Construction Bank
China Construction Bank, as a state-owned bank that set foot in issuing credit cards earlier in China, has many kinds of credit cards.
The credit cards issued by China Construction Bank are all named "Longka". The types of dragon cards that have been publicly issued include: Dragon Card School Card, Dragon Card Business Card, Dragon Card Automobile Card, China Eastern Airlines Dragon Card, Shanghai Volkswagen Dragon Card, Dragon Card Hong Kong Wonderful Travel Credit Card, China Construction Bank VISA Card, Yilong Changxing Dragon Card, Mango Travel Dragon Card and Dragon Card (Masters Cup) Tennis Card.