How to cancel installment, early repayment, can installment repayment be prepaid

There are two scenarios for canceling installment repayment on a credit card:

2. If the installment has already been executed, it cannot be canceled, and you can choose to repay in advance, but early repayment cannot save the handling fee. How:

Cardholders can call the credit card customer service to apply for early repayment after the current statement date of the instalment application, and no additional prepayment fee will be charged. The unamortized principal and handling fee of the cardholder's installment payment shall be fully credited to the cardholder's current bill at the end of the date of application for early repayment, and the full amount will be included in the minimum repayment amount, and will not be amortized on subsequent statement dates.

Note: If your credit card instalment is paid in the first instalment with all instalment fees, the instalment fees will not be refunded even if you cancel the instalment now.

Credit cards can be repaid in advance over the counter, online banking or at self-service kiosks. If you want to repay early, you can simply deposit the money into your credit card, and when the repayment date comes, the credit card will be automatically charged.

However, early credit card repayments are not recommended. Because credit cards have an interest-free period, you don't have to pay interest on the overdraft amount when you repay your credit card during the interest-free period (i.e. before the repayment date). During this time, you can completely manage the money in your hand to obtain income, which is much more cost-effective than early repayment.

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Hello, installment repayment can be repaid in advance, whether it is credit card installment or loan installment, it can be repaid in advance, but if you apply for early repayment after a short period of time after installment repayment, you may incur corresponding liquidated damages, which is the most common in mortgage early repayment. If you apply for early repayment after the credit card instalment, you will be required to pay the remaining principal and handling fee of all instalments in a lump sum. It can be seen that when applying for early repayment after installment repayment, you need to pay attention to whether there will be additional costs, whether it is cost-effective, and the necessity of early repayment.

Documents for applying for a credit card

The most important condition for applying for a credit card is to have a stable job and income, and the necessary application documents are a copy of the identity certificate and the proof of employment.

1. Identity certificate: the general requirement is an ID card (if you are using a new version of the ID card, a copy of the front and back is required), and the military needs to provide a copy of the military ID;

2. Work certificate: It can be the original work certificate issued by the employer (the specific company name, department, position and income need to be indicated, and stamped with the company's official seal or personnel seal), or a copy of the work certificate verified and indicated by the promoter;

3. Proof of financial resources: It can be a salary record issued by the bank, or a certificate of income tax withholding, or a certificate of the market value of a house, car, deposit and investment (such as a copy of the real estate certificate, car driving license, bank fixed deposit certificate) and other information that can prove your financial level. Other documents for reference are:

List of social insurance personal accounts for the past 6 months, water and gas bills, and credit card bills of other banks, etc.

How to apply for a credit card

1. Online application;

2. Bring the original identity certificate, proof of work and financial proof to the outlets of China Merchants Bank in person.

It is important to note that:

1) For early repayment, you need to contact customer service in advance to terminate the installment. If you do not apply for termination of the installment, the remaining installment limit will not be billed at one time, and it will still occupy the card limit.

2) Cardholders need to be reminded that once the installment application is successful, it is irrevocable, and even if the installment is terminated early, the handling fee for the remaining installments will still be charged.

option, click to enter;

2. After entering, find the "My Bills" button in the icon to open it, and click to enter;

3. At this time, you can see the total amount to be repaid, click the location where the amount is located;

4. Enter the amount to be repaid under "Repayment" and click the "Confirm Repayment" option;

5. Automatically jump out of the payment interface, enter the password to pay, and then cancel the installment payment.

The bank's instalment repayment is when the customer is unable to repay the credit card in a lump sum.

In the case of overdraft, the installment repayment business is launched in order to avoid penalty interest according to the full consumption disturbance limit.

Compared with the installment business, the installment repayment is different in terms of application procedures and application scope. For example, if Xiao Li wants to use the installment business to buy a mobile phone, then he should go to a store that cooperates with credit cards. The installment repayment business does not need to specify the consumption place and consumption category, if the customer realizes that he cannot repay the full amount on time after swiping the card, he can call ** to apply.

However, it should be noted that the handling fee for instalment repayment is higher, which is generally higher than the interest rate of commercial loans in the same period.

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To repay an installment credit card early, it is generally divided into the following steps:

1.Check the amount you need to repay: Log in to your credit card online banking or banking app, and on the pages of "Repayment" and "Credit Card Repayment", you can view the amount you need to repay and the deadline.

2.Make an early repayment: Follow the instructions on the online banking or app to enter the repayment page, select "Early Repayment", and enter the repayment amount and other relevant information.

3.Confirm the repayment information and make the payment: On the early repayment confirmation page, carefully check the repayment information, if it is correct, you can choose a bank card or other payment method to pay, and once the payment is successful, the early repayment can be completed.

It should be noted that some banks will charge a prepayment fee or a certain amount of interest, which requires you to read the credit card agreement carefully or consult the relevant customer service before early repayment, and clarify the relevant fees and details of the old age, so as to avoid unnecessary hail trouble. In addition, early repayment can improve your credit score and help improve your credit limit and credit rating, so it is recommended that you plan your personal finances and credit use reasonably to achieve better financial benefits. Send.

Try not to apply for early repayment after credit card installment, because many banks still charge handling fees or late fees for users who repay early.

Except for ICBC, most banks stipulate that if the cardholder repays the loan in advance, the remaining principal and handling fee of all the remaining instalments must be paid in a lump sum.

ICBC stipulates that if the credit card installment handling fee is charged according to the "installment collection" mode, the full amount of the early repayment shall be handled, and the remaining handling fee will not be charged, and the handling fee of n installments will be reduced for partial early repayment and N installments of early repayment; If the repayment fee is charged according to the "first installment" model, the early repayment will be handled, and the handling fee will not be refunded.

In addition, many banks such as China Construction Bank, Agricultural Bank of China, China Merchants Bank, and Guangfa Bank have stipulated that credit card installment early repayment is still subject to the formalities. According to the customer service staff of the Agricultural Bank of China, credit card installments can be repaid in advance.

When it comes to installment, it is basically related to loans, and now there are many ways to borrow, credit cards, Huabei, and some commercial loans, they can be repaid in full, and they can also be repaid in installments, and the amount is relatively large, most people will choose installments, but installments will incur handling fees, so once you have money, you want to pay off the installments in advance, so how to repay the installments in advance?

1. If you do not apply for termination of installment, the remaining amount of installment will not be billed at one time.

2. Once the installment application is successful, it cannot be revoked, terminate the installment in advance, and the handling fee for the remaining installments will still be charged the same, if it is an installment handled in the bank, you need to go to the bank counter to accept it, if it is other installments, some can be operated on the app.

3. If the installment payment is terminated in advance, there may be a handling fee, such as the credit card of CCB, if there is a handling fee for the installment at that time, the fees that have been collected will not be refunded, and the fees that have not been charged will still be charged together. For borrowers, because they had no money before, they chose to repay in installments, but if they want to repay in advance after installments, they need to understand the handling fee, and if they repay in installments, it is also a good thing for borrowers, at least they don't have to worry about repaying money every month.

The above is a specific introduction to how to repay in installments in advance, have you understood them?