Traditional Culture Encyclopedia - Travel guide - What will happen if you cash out 50,000 yuan through the installment plan and pay it off?

What will happen if you cash out 50,000 yuan through the installment plan and pay it off?

The Installment Pass cannot be cashed out. Applying for the Installment Pass will give you a separate card

There are certain restrictions on the use of the Installment Pass special card. Cash withdrawals, transfers, and online payments are not allowed. , withholding and payment, etc., can only be used to swipe the card to purchase large-amount durable consumer goods, weddings, childcare, settling down, paying taxes, health, etc. The monthly handling fee is 0.4% of the total installment amount.

It is a business similar to a credit loan. The limit of 30,000 to 300,000 depends on the personal credit limit. To put it bluntly, the usage of CCB depends on your high salary and high turnover.

Repayment is similar to a credit card