What is the repayment method of Bank of China’s E installment (Youke installment)?
Introduction to the repayment method of Bank of China Credit Card E Installment (Uke Installment):
Uke Installment Credit Card supports an interest-free period, and the full principal of each installment will be credited to your current period. The amount that should be repaid on the bill is not subject to the minimum repayment amount of the credit card. After applying for Bank of China E installment (Uker installment), make the corresponding repayment according to the loan payment mode you choose at the Bank of China branch. The number of repayment periods, amount, etc. shall be subject to the Bank of China branch. The repayment method supports equal monthly principal repayments and one-time principal repayment upon maturity.
1. Monthly equal principal repayment: that is, the principal is allocated to each month, and the equal monthly debit method is adopted, and the principal is rounded up and recorded in the account. When the principal cannot be divisible by the number of periods, the remaining amount is all Debit will be made from the first entry amount. The number of optional installments includes 3, 6, 9, 12, 24, 36, 48, and 60 installments, and one installment is one month.
2. One-time repayment of the principal upon maturity: that is, the principal will be deducted until the last installment of the installment period, and only monthly handling fees will be charged during this period. The number of optional installments includes 3, 6, and 12 installments, with one installment lasting one month.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses. Can the installment payment for a Bank of China credit card be paid off in one go?
It can be repaid in one go. The specific repayment method is:
1. Open the Bank of China app, find the "Account Check and Repayment" option, and click to enter.
2. Click "Repay" in the account checking and repayment interface.
3. Enter the amount to be repaid and click the "Confirm Repayment" option below.
4. Check the information on the repayment interface. After confirming that it is correct, click "Confirm Repayment" below.
5. Then enter the password. Once the input is completed, the one-time repayment operation can be completed. Can I pay it off in one go after making installments with a Bank of China credit card?
After you successfully apply for installment payment, if you need to pay off the installment part in advance, you can apply for it through Bank of China mobile banking or call the credit card customer service hotline, but the installment payment The handling fee is non-refundable.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses. How much is the interest rate for Bank of China e-Instalment Excellent Installment? Just do the math and you’ll know!
;? In 2019, the country began to vigorously rectify the loan industry. Many anti-aircraft gun platforms closed down or suspended their operations. Many old platforms began to revive and relax, and even banks seized the opportunity to launch new products. Some time ago, Agricultural Bank of China launched Lefenyi. Today, Bank of China also launched a product called "Youke Installment". Let's see if the interest rate is high and how much it is specifically.
1. Bank of China e-Instalment Excellent Installment Interest According to the interest rate table released by the bank, it can be seen that Bank of China Excellent Installment supports many different repayment methods: 1. Equal monthly principal: You can choose to collect it all at once or in installments, and the corresponding interest rates are slightly different; 2. One-time repayment of principal upon maturity: This repayment method is suitable for users who do not have much funds on hand, and can repay the principal in one time after maturity. Interest reference:
2. How to calculate the installment interest of Bank of China e-installment Youke? Suppose you need a loan of RMB 100,000 for decoration, and choose to repay the principal and interest monthly over a five-year period. The total monthly principal and interest repayment is only RMB 1,950. In another situation, you have a temporary large consumption but purchase financial products with your own funds. You can also choose to pay interest on a monthly basis and repay the principal in one lump sum when it is due. For a loan of 100,000 yuan, you only need to repay 483 yuan per month. After one year, your own funds will be available to pay off the principal installment. Warm reminder: If you are a high-quality customer of Bank of China and belong to one of the three categories, you only need to repay 458 yuan per month, and the principal will be returned after one year.