Credit card installments can be repaid in advance. However, it should be noted that after a credit card installment, try not to apply for early repayment. The reason is that many banks still charge handling fees or late fees for users who repay early.

: Except for Industrial and Commercial Bank of China, most banks stipulate that if the cardholder repays the loan early, he must pay all remaining principals and handling fees in one lump sum. You can repay in advance after applying for installment with a credit card. But there are still some procedures to go through and some processes that need to be clarified first.

When you want to apply for early repayment, you need to apply to the bank first. If the bank approves your application for early repayment, you can pay off the entire installment amount and handling fees in one lump sum in any period.

But note that this means that your installment business has been cancelled, which means that you have completed the entire business in advance. In other words, you still have to pay the handling fee.

If the credit card is repaid in 12 installments, the handling fee is about 0.6% per installment. That is to say, after you repay these 12 installments, you will have to pay the bank 7.2% of the total loan amount. handling fee. Suppose you borrow 12,000 yuan from the bank, the handling fee for each period is 12,000*0.6%=72, and the total handling fee is 864. After you have paid 4 installments, you plan to pay the money back in one lump sum. So at this time, the amount you need to repay is the unpaid principal of 8,000 plus the handling fee of 576 yuan for the remaining 8 periods. In other words, regardless of whether you repay the loan or not, you will still have to pay the handling fee.

Agricultural Bank of China

The handling fee is collected in installments. Early repayment is divided into partial amount early repayment and full amount early repayment. If part of the amount is repaid early, the repayment amount must be an integral multiple of the principal of each installment, and the amount will be automatically reduced after application; full amount early repayment , the repayment amount is the entire undue installment principal, and the installment will automatically end after the application is successful. After the early repayment application is successful, the cardholder must repay the early repayment amount and the installment fee corresponding to the number of early repayment periods in one go. The installment fee that has been accounted for will not be refunded.

Bank of China

The installment fee will be charged once in the first installment and will not be refunded once collected.

China Construction Bank

The handling fee is collected in installments. The cardholder has successfully applied for the bill installment. If he applies for early repayment, he must pay all remaining principal and handling fees in one lump sum. , the installment handling fee collected will not be refunded

Bank of Communications

The handling fee will be collected in installments. If the installment ends early, the handling fee collected will not be refunded, and the remaining handling fee must be paid in one lump sum clear.

Shanghai Pudong Development Bank

The handling fee is charged in installments. After the cardholder successfully applies for installment payment of the bill, the number and amount of installments that have been applied cannot be changed and cannot be cancelled. When the cardholder returns the card or cancels the transaction, he must still pay the principal and handling fee according to the bill installment payment business that has been successfully applied for.

Basically, these methods are the current regulations of most banks for early repayment of credit card installment business. In addition, the current lending software on the market, such as Ant Huabei, Ant Borrowing, Huanbei, JD Baitiao, etc., all have the same rules as banks. If you want to repay the installment business on these platforms in advance, you will also have to pay the remaining handling fee.