For example, if a cardholder receives a credit card bill from CITIC Bank on 1, the cardholder must repay it on 19 ... It is worth mentioning that the interest-free period of CITIC Bank is as short as 20 days and as long as 50 days. In other words, the amount that the cardholder can spend on the first day after the repayment date will be repaid after 50 days.
In addition, if the cardholder fails to repay after the repayment date and is overdue, a late fee will be incurred, which is calculated at 5% of the unpaid part of the minimum repayment amount. In addition to the late payment fee, CITIC Bank will charge 0.05% interest every day.
How long will it take for CITIC Bank to receive the loan approval?
The loan approval of CITIC Bank cannot determine the time when the loan arrives. After all, the loan is still under approval, which means that the loan has not been approved yet, and the loan may still fail. However, according to the regulations of CITIC Bank, if the loan has been approved, the time for the loan to arrive will vary according to the loan type. Under normal circumstances, if the credit loan of CITIC Bank is finally approved, the loan amount can be reached within 1 day at the earliest. If it is a mortgage loan product, it takes a relatively long time to approve the receipt of funds, and it takes at least 5 working days to arrive.