1. After the credit card bill installment application of China Everbright Bank is successful, the principal and handling fee of the bill installment will be repaid from the billing date of next month to the repayment date. After the bill installment is successful, the cardholder only needs to repay the remaining bill amount after deducting the bill installment amount before the due repayment date. After that, the repayable principal of each installment of the bill = total installment principal ÷ number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment. Installment fee = total installment amount × installment fee rate, and the first installment is charged in one lump sum.
2. Bill installment is a service provided by China Everbright Bank to customers to pay their consumption amount by installment. Credit card holders of China Everbright Bank can apply for installment payment for the consumption amount shown in the current bill (that is, the billed consumption amount in the current period) from the billing date to the due repayment date. The amount applied for installment payment must be greater than RMB 500 yuan (inclusive).
Credit card installment payment refers to the business that when a cardholder uses a credit card to make a large amount of consumption, the issuing bank pays the consumption funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and deducts the consumption funds through the cardholder's credit card account in stages according to the cardholder's application, and the cardholder repays the money according to the monthly recorded amount. In the past, credit card installment mainly included bill installment and single consumption installment, and banks usually charged corresponding handling fees according to the number of installments. Whether it is bill installment or single consumption installment, the premise is to generate consumption behavior first, and then the bank will set installment repayment for the generated credit loan.
Most domestic banks have credit card installment business. Installment payment is generally divided into POS installment, "mail order installment" and bill installment according to different occasions.