Guangfa's special installment quota is a quota granted by China Guangfa Bank to cardholders specifically for handling installment business. This quota is used for daily payment and installment business. For example, a user's total personal limit of China Guangfa Bank is 57,000 yuan, his personal consumption limit is 28,000 yuan, and his special installment limit is 29,000 yuan. If users use the special installment quota to handle installment business, they need to submit an application to China Guangfa Bank.
If the application is not approved, the user will not be able to successfully handle the installment business.
Extended information:
Guangfa Bank was established in September 1988 with a registered capital of 11.408 billion yuan and its headquarters is at No. 713 Dongfeng East Road, Yuexiu District, Guangzhou City, Guangdong Province, China. With the approval of the State Council and the People's Bank of China, Guangdong Development Bank was established on the bank of the beautiful Pearl River as a pilot bank for China's financial system reform. It is one of the earliest joint-stock commercial banks established in China.
On April 8, 2011, with the approval of regulatory agencies and relevant government departments, the original registered name "Guangdong Development Bank Co., Ltd." was changed to "Guangfa Bank Co., Ltd.", referred to as "Guangfa Bank" ;The English name was changed to "China Guangfa Bank" ("China Guangfa Bank").
As of the end of June 2020, China Guangfa Bank’s total assets were 2.81 trillion yuan, an increase of 6.84% from the beginning of 2020; its total liabilities were 2.59 trillion yuan, an increase of 7.02% from the beginning of 2020. In the first half of 2020, China Guangfa Bank achieved operating income of 40.907 billion yuan and net profit of 6.486 billion yuan.
On March 9, 2020, the "2019 China's Top 100 Banks List" was released, with China Guangfa Bank ranking 16th.
Business scope:
The business scope of China Guangfa Bank is all banking businesses stipulated in the "Commercial Bank Law", which mainly includes: absorbing public deposits, issuing short-term, medium-term and long-term loans; Settlement; handling bill discounts; issuing financial bonds; agency issuance, redemption, and underwriting of government bonds; buying and selling government bonds; engaging in inter-bank lending; providing letter of credit services and guarantees; agency collection and payment and insurance business; providing safe deposit box services;
Foreign exchange deposits; foreign exchange loans; foreign exchange remittances; foreign currency exchange; international settlement; foreign exchange settlement and sales; interbank foreign exchange lending; acceptance and discounting of foreign exchange bills; foreign exchange borrowings; foreign exchange guarantees; issuance of foreign exchange credit cards;
Trading and agency trading of foreign currency securities other than stocks; issuance and agency issuance of foreign currency securities other than stocks; self-operated and agent foreign exchange trading; agency for the issuance and payment of foreign credit cards; offshore financial business; Credit investigation, consulting, and witness services. Other businesses approved by the People's Bank of China and the China Banking Regulatory Authority.