Except for ICBC, most banks stipulate that cardholders must pay off all the remaining principal and handling fees in one lump sum if they repay in advance.
China Industrial and Commercial Bank stipulates that if the credit card installment fee is charged in accordance with the "installment payment" mode, it will be repaid in full in advance, and the remaining fees will not be charged. If partial repayment is made in advance, N installments will be undercharged. If the installment repayment fee is charged according to the "down payment" mode, the repayment will be made in advance and the fee will not be refunded.
In addition, many banks, such as China Construction Bank, Agricultural Bank, China Merchants Bank and Guangfa Bank, etc. It is stipulated that there is still a handling fee for credit card prepayment. According to the customer service staff of ABC, credit cards can be repaid in advance in installments.
It is necessary to apply for early termination of bill installment, and the application time is from the successful installment application date to the penultimate bill generation date. Prepayment is divided into partial prepayment and full prepayment. In case of partial prepayment, the repayment amount is an integral multiple of the principal of each installment, and the number of overdue applications will be automatically reduced.
If the repayment is made in full in advance, the repayment amount shall be the outstanding installment principal, and the installment will automatically end after the application is successful. After the successful application for prepayment, the cardholder must repay the prepayment amount and the installment fee corresponding to the prepayment period in one lump sum, and the recorded installment fee will not be refunded.
According to the Terms of Payment by Installment Agreement of Longka Credit Card Bill published by CCB in official website, the cardholder has successfully applied for the installment of the bill. If the applicant applies for prepayment, the installment business will be terminated for the cardholder after confirmation by CCB, and the installment fee charged will not be refunded; At the same time, the cardholder must pay all the remaining principal and handling fee in one lump sum.
In addition, it is worth noting that the bill is used in installments. If there is a return, you still need to pay the installment fee. For example, according to the regulations of China Construction Bank and China Merchants Bank, when the consumer transaction in the bill has been returned (including full return and partial return), the successful bill installment business will not be affected, and the cardholder shall continue to repay the bill and pay the handling fee according to the agreed terms.
Extended data:
? Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.
References:
Baidu Encyclopedia _ Credit Card Staging