CCB provides car installment payment service for credit card holders. Once the car installment application is successful, the cardholder only needs to repay according to the monthly bill. In order not to make mistakes, we have prepared a copy of "20 18 CCB credit card installment repayment skills", which the owner must read.
Introduction of CCB's credit card car installment business
The installment payment of CCB credit card car, also known as Longka car installment payment, means that the cardholder applies for using Longka credit card (excluding business card, student card, supplementary card and security card) to buy a family car at the dealer designated by CCB under the condition of agreeing to pay the down payment.
After the approval of the bank, the actual installment amount will be divided into several installments, and the cardholder will repay monthly within the agreed time limit and pay a certain handling fee.
Skills of installment repayment of CCB credit card car
1. After the cardholder applies for car installment, he usually only needs to repay according to the actual amount of the monthly bill. The monthly installment payment (including the handling fee) for automobiles cannot be repaid in installments, nor can it be repaid with the minimum repayment amount.
2. There are two ways to pay the installment fee of CCB credit card car: one-time payment and monthly amortization. Cardholders can choose according to their repayment ability.
3. The car is repaid in advance by installment, and the installment fee cannot be reduced. It is necessary to pay off the outstanding installment principal together with the handling fee. If you choose car installment, you may wish to repay in full monthly, and the extra money can also be invested in some sound wealth management products to obtain the expected income.
CCB's credit card application skills depend on it.
The above is 20 18 CCB credit card installment repayment skills. Those who want to buy a car can collect it. After all, there are fewer people who buy a car in full now, and they all pay by installment or loan, and credit card installment is a more cost-effective way to buy a car.
How to calculate the repayment when buying a car by installment with a credit card?
Users apply for car loans from banks. After the approval of the bank, the bank will issue a credit card to the user. This credit card is used to pay back the car loan every month. Banks generally don't accept car loans, but they have the business of buying cars by credit cards, that is, buying cars by credit cards, so they use credit cards as repayment bank cards. This is a car installment business handled by credit card, which can also be understood as similar to car loan. It means that the credit card has approved a large amount of special installment payment, and it can be repaid directly to the card without activation. The credit card letter will indicate the billing date of each month, and the repayment date of each month is the 20th day after the billing date. The repayment date of each month is fixed. When the first month's bill is issued, you should receive a text message to remind you to repay it.
In addition, users must pay back their credit cards on time every month. Unless there is an agreed grace period for repayment, there will be a credit report on the overdue day.
First, the credit card installment car purchase process
(1) filing an application. After you are optimistic about the vehicle to be purchased, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of personal situation.
(2) The bank conducts pre-loan investigation and approval. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms.
(three) notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
(4) Loans issued by banks (directly transferred by banks to the account of automobile dealers).
(5) The borrower pays the down payment to the car dealership, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
2. Materials required for car purchase by credit card installment:
1. Apply for a credit card first;
2. Give you a loan to buy a car according to your credit history (that is to say, you have to activate the card when you get it, then use it for a while, swipe your card frequently, and then pay back the money on time. Don't fail to pay back the money. Good credit record);
3. Each bank cooperates with the designated car dealer, which means that you can only choose the car brand provided by the bank, and then choose the loan period according to your own economic situation (only 1 year, 2 years, 3 years);
4. Then go directly to the bank outlet to find the account manager, who will handle it for you, usually within 15 working days.
What are the repayment methods for buying a car by loan?
1. What are the repayment methods of car loan? 1. Matching principal and interest repayment In the calculation, the interest generated by the monthly loan balance is calculated first, and the matching repayment amount is deducted from the interest payable to form the repayment principal of the current month. At the initial stage of repayment, due to the large loan balance, interest accounts for a large proportion in monthly repayment, and the repayment speed of principal is relatively slow. With the passage of time, the loan balance gradually decreased, the proportion of interest gradually decreased, and the proportion of principal gradually increased. This repayment method is more suitable for people with fixed year-end bonus or fixed annual income. 2. average capital repayment method The average capital of car loan refers to the average capital repayment method chosen by the borrower after the car loan. During the repayment period, the total loan amount is divided into equal parts, and the same amount of principal and interest generated by the remaining loan of the month are repaid every month. In this way, because the monthly repayment amount of principal is fixed and the interest is less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is less and less. Calculation formula of average capital loan: monthly repayment amount = (loan principal/repayment months) (principal-accumulated repaid principal) × monthly interest rate 3. Intelligent repayment is a new way of automobile repayment, that is, the loan is divided into two parts, which are repaid in the first and last installment respectively. There are three different repayment schemes to choose from after the expiration of the wisdom balance payment: scheme 1: return the balance payment in one lump sum when it expires; Option 2: Refinancing the balance and applying for loan extension 12 months; Option 3: Return the final payment by vehicle replacement. 4. Worry-free wisdom repayment is commonly known as "half loan and half payment"; 50% repayment at the end of the loan period. At the end of the loan period, there are three options: paying off the balance in full; Apply for extension 12 months; Used car replacement. 2. Matters needing attention in car loan 1. Hidden costs need to be known in advance: generally, this situation is easy to happen in secondary dealers. In fact, as long as consumers ask about the expenses included in the total price when booking a car, are there any other hidden expenses, such as new car inspection fees and delivery fees? And also pay attention to whether the loan contract is provided by the bank, so it is troublesome to use the hands-free car. 2. Car insurance by installment: If consumers choose to buy a car by installment with a credit card, the general car dealers will ask the designated insurance company to handle the car insurance for a specified period of time, and consumers should pay attention to whether the car insurance price is acceptable. 3. Verbal agreement does not guarantee: unless consumers apply for unsecured credit loans in the bank and withdraw money, they will buy a car in full at the 4S shop, otherwise other forms of loans will not get all the benefits of buying a car in full. At this time, car dealers often verbally promise various concessions to consumers, and the promises that don't fall on the pen are all on paper. In order to avoid future problems, consumers need to consider when choosing a car loan method. 4. The loan amount should be clear: generally speaking, with personal credit or joint liability guarantee, the maximum loan can be 200,000 yuan; Apply for mortgage with the purchased vehicle or real estate, and the loanable amount is 70%; If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%. 5. Repayment methods should be understood: Banks generally provide users who apply for personal car loans with two repayment methods: equal principal and interest and average capital. Among them, the total interest paid by equal principal and interest is relatively large, but the repayment amount in each period is the same, and the repayment pressure is relatively balanced; The repayment amount of each period in the average capital is gradually decreasing. Although the total amount of interest expenditure is less than the equal amount of principal and interest, the amount of repayment in the early stage is large, so think twice about whether it can bear it. No matter which of these four repayment methods you choose, in short, if you borrow money to buy a car, it will definitely cause some financial pressure on yourself, but now more and more people apply for loans to buy a car, especially young people. Here, I still want to remind everyone that in the case of limited economic capacity, whether to borrow a car must be carefully considered.
How does CCB Longka buy a car by installment? Can I pay in advance?
Now, the way of buying a car by installment is widely used. In order to alleviate the financial pressure and expand the purchase budget, many people can solve these problems by choosing a cheaper CCB car purchase by stages. Many friends said that they didn't know how to repay and how to reconcile after applying for the installment payment of CCB Longka Automobile. The following is a detailed answer for everyone, let's look down together!
How does Longka repay the car in installments?
In fact, after buying a car by installment, the repayment method is the same as general consumption. The monthly repayment amount is included in your Longka credit card bill, so you only need to repay according to the amount listed in the statement.
In addition, CCB Credit Card Center will send you a statement regularly every month. If you don't receive the statement within 10- 15 days after the bill date, you can call CCB Credit Card Center to check your account for the current month and make repayment.
Can Longka buy a car by installment in advance?
After paying for the car by installment, you can repay it in advance, but you need to apply. You can call Longka Credit Card Customer Service at 400-820-0588 to apply for prepayment.
However, it should be noted that the handling fee paid by Longka in installments is charged in the first bill. If you apply for prepayment, the handling fee will not be refunded, so prepayment is meaningless.
About "how to buy a car in installments at CCB Longka? Can I repay in advance? " This is all for you. I hope it helps you. In addition, during the installment payment business or the subsequent repayment period, if the car price is adjusted, whether it is high or low, the cardholder only needs to repay the car according to the installment amount specified in the car purchase order.
That's enough about how to return the car with a credit card.