According to the credit status of credit card holders, the bank will increase the installment amount of their credit cards to meet the needs of cardholders to purchase designated brand cars in installments at designated dealers. The cardholder can repay the car payment in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure.

Handling fee: interest will be paid by credit card in installments, but a one-time handling fee is required. Handling fee = installment fee is included in the bill of the first month after installment), and the handling fee rate of each bank is different.

Loan Term: Generally, the longest term of car purchase by installment is 24 months.

Down payment: If you buy a car by credit card installment, you generally need to pay a down payment of not less than 30% of the car price first.

Quota: The bank has stipulated the loan quota for car purchase by credit card installment. For example, CCB stipulates that the installment amount of car purchase ranges from 200,000 to 200,000.

Extended data:

Liquidation fund

1. Submit the bill for signature.

The merchant will hand over the bill or cash withdrawal slip signed by the cardholder to the acquiring institution of our bank, make liquidation with the acquiring institution and recover the advance funds.

Step 2 mention

The acquiring institution deducts a certain handling fee when paying the special merchants, and together with the acquiring institution, makes a payment request to the issuing bank. This process is realized by sending a payment request file to the issuing bank.

three

If the issuing bank has no objection to the transaction, it will pay the money to the acquiring bank and share the service fee with the acquiring bank through withholding. Otherwise, it will enter the stage of refusing payment or re-demanding payment, and even finally it will be submitted to the higher authorities for ruling.

4. The cardholder pays

At the end of each month or on the agreed date, the issuing bank issues a statement to the cardholder, that is, a payment notice, and the cardholder pays the corresponding amount to the issuing bank after he has no doubt about the transaction on the statement.