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Can I pay in advance by installment?
Can I pay off my credit card in advance after installment?

Credit cards can be paid off in installments.

1. Users need to call the bank customer service to apply, and then all the money will be included in the next bill, which can be paid on the same day, but there is interest every day. No matter how many installments are left, the installment fee must be paid, and the subsequent installment fee will not be cancelled because of early repayment.

2. The advance payment by installment should bear a certain penalty. In case of one-time settlement by installment, the above handling fees and service fees will not be refunded; Once resolved, the quota will be restored immediately.

3. However, credit card installment payment will involve handling fees, and ending repayment in advance may not necessarily exempt the remaining handling fees. According to the provisions of bank credit card prepayment by installment, there are two ways to collect the residual handling fee, one is to reduce the liquidated damages, and the other is to reduce the residual handling fee. Most banks choose one of two ways, and the remaining handling fee after advance payment must be repaid.

About credit card installment payment

1. Credit card installment refers to the process that when a cardholder uses a 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 allows the cardholder to repay the money to the bank in installments and pay the handling fee.

2. According to the cardholder's application, the bank will deduct the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder will repay according to the recorded amount every month.

Advantages of credit card installment payment

1, enjoy first and pay later.

2, no guarantor is needed, and the procedure is simple.

3. Fixed repayment time and amount, convenient payment.

4. The repayment amount is optional, and the monthly repayment limit is also optional.

5. There are more choices of payment methods.

About credit cards

1. Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. The form is a card with the name, expiration date, serial number and cardholder's name printed on the front, and a magnetic stripe and signature strip printed on the back.

2. Consumers with credit cards can shop or spend in specialized commercial service departments, and then the bank will settle accounts with merchants and cardholders. Cardholders can overdraw within a certain amount.

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Can I repay in advance by installments?

Generally, installment payment can be repaid in advance. If you want to repay in advance, you can consult the bank or financial institution that applied for the loan. If the bank supports prepayment, it can prepay, otherwise it cannot prepay.

The prepayment process of installment payment is as follows:

1. First contact the bank or financial institution that applied for the loan in advance, and ask if it supports prepayment. If you support prepayment, you can continue to consult the remaining amount owed by the individual and the required information and proof.

2. Prepare the required materials and certificates as required, bring the money that needs to be repaid in advance, and apply to the bank for prepayment.

3. Submit the prepared materials to the bank, wait for the bank's review, and notify the applicant after the review is passed.

4. After approval, the remaining loans will be paid off in one lump sum, and the bank is required to issue a repayment certificate. If it is other types of loans, the follow-up matters shall be handled according to the process. If it is a mortgage, it is necessary to cancel the mortgage registration in time, and if it is insured, it is necessary to surrender it in time.

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Can I pay in advance by installment?

Mobile phone installment can be paid in advance, but the installment interest is not refundable.

Installment payment is mostly used for some product transactions with long production cycle and high cost.

The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.

Extended data:

Installment payment was developed after the Second World War. At first, it was limited to buying ordinary daily goods or services. Later, with the rapid development of productivity, the scale of industrial and agricultural production is expanding day by day, and the required expenses are increasing day by day. In addition, with the development of bank credit, the field of installment payment has expanded to enterprises that buy large machinery and equipment and raw materials.

With the improvement of China's financial services and the change of people's consumption habits, installment payment, which is popular abroad, has been introduced to China and quickly recognized by domestic consumers. Installment payment is usually used by young people with poor payment ability but consumer demand. The products it consumes are usually laptops, mobile phones and digital products.

Installment payments are usually provided by banks and installment suppliers. Banks provide consumers with personal consumption loans equivalent to the amount of goods they buy, and consumers use the loans to pay their suppliers, who provide guarantees for consumers and bear irrevocable joint and several liabilities. Young people who spend by installment are often called "installment families".

References:

Baidu encyclopedia-installment payment