In terms of time, compared with other credit products, the repayment pressure of 60 periods is still relatively small. However, after the installment, the loan will be collected in full. For example, if the installment is 654.38+ 10,000, then the credit card of 654.38+ 10,000 will be displayed on the credit. Don't use those with mortgage, car loan and credit card for the time being.
CCB installment pass is actually a credit card installment product launched by CCB. It is aimed at users with good credit and stable income. After applying for installment, you can choose 6/12/18/24/36/48/60 (monthly) installment payment, and you need to pay the handling fee for the corresponding number of installments.
CCB's installment pass can be used for child care, buying large durable goods, weddings, etc. , as long as it is used for the purposes specified by CCB. If it is used for other than the specified purpose, the bank will bear the consequences of violation.
Installment payment plan of CCB
1) The maximum credit line by installment is 300,000 yuan, and the longest installment can be 5 years, 60 installments, and the handling fee for each installment is 0.5%. However, after accurate calculation, the actual monthly interest rate actually reached 0.99%, and the annualized rate was 1 1.9%. Expenses payable in each installment = actual installment amount x monthly rate. Repay with equal principal and interest. The less principal you pay, the same handling fee for each installment. By the 60th installment, there is still so much interest to be paid, so many people think it is not cost-effective. But the only advantage is that you can repay in advance without penalty interest. This is the most cost-effective way and the only highlight that attracts thousands of users.
2) Inquiry path of installment quota: CCB WeChat official account replies to the "pre-approval" inquiry quota. Alternatively, you can check the quota by logging in to CCB app→ Credit Card → Credit Card Management → Pre-approved quota. Or you can see the installment option directly on the credit card page, just click it directly.
3) It is also clear that the pre-approval quota for mortgage customers is very high. After the quota appears, you can directly click Apply or go to the counter to apply. After the application is completed, it needs to be reviewed. Users with good qualifications, low debts and good credit information can directly approve in seconds, and some may pay a return visit. The return visit will ask you the purpose of your application, and you should make a special note of this application to avoid failure. When applying, it is recommended not to apply for the full amount. You'd better keep a part of it, so that the chances of successful application are higher. After the approval, there will be a SMS notification, which will be used within 180 days after the quota becomes effective, and the expired bank will recover the quota. Generally, a special installment card will be sent to you after passing. This card is a credit card. It used to be a savings card. If you apply for a mobile phone, just click it when necessary. If you apply at the counter, you can use it directly.
4) Because it is a credit card, it should be swiped out with a POS machine. At present, ordinary machines can swipe their cards. The basic rate is generally above 0.6, and some people can brush it out without being a designated merchant. The funds brushed out cannot be used to repay credit cards immediately, or to invest in wealth management and enter the stock market and property market. If you really want to do this, I suggest you pour more hands, which will be safer. Otherwise, if the bank finds out, you still have to return all the funds at one time.
5) Users with defective credit information, debts higher than 300,000 yuan, multiple credit lines and more than 5 credit cards. It is very likely that the application will fail, so we should weigh it according to our actual situation and proceed from reality. The credit card approval will be displayed on the credit report, and the used line will show the remaining unpaid amount.
The above is the interpretation of CCB by stages, hoping to help you a little.