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E-Installment Makes Life Better

From now to October 31

 

E-Installment: an installment product released by Industrial and Commercial Bank of China (ICBC) for which all ICBC credit card customers can apply. Credit line can be used for consumption instantly after transferring to special debit cards. Installment can abate fund pressure and meet your large-sum consumption demands such as car purchase, house renting, home decoration, wedding ceremony, education and tourism.

 

I. Offer
From now to October 31, 2018, you can enjoy a 30% discount on the fee rates. After the discount, the one-year fee rate is as low as 4.2%.

 

II. Business Advantages
1. Efficient, convenient and fast: simple and fast business processing procedures at ICBC outlets.
2. Preferential rate for a long period: 30% discount for up to eight years
3. Instantaneous availability of funds: real-time crediting to the account and instant card swiping for consumption
4. Worry-free and large-sum consumption: car purchase, home decoration, house renting, education, etc.

 

III. Application Process
1. Application submission: apply for E-Installment at local ICBC outlets with your ID card and ICBC credit card.
2. Fund availability: install funds are credited to the accounts of customers that have ICBC credit cards in a real-time manner, and those without credit cards can apply for E-Installment immediately after successful application for-Installment credit cards.
3. Repayment: for consumption via special debit cards, repayment should be made to credit cards based on E-Installment repayment amount every month. 

 

IV. Questions
Q: Can I apply for E-Installment without ICBC credit cards?
A: You can apply for E-Installment immediately after successful application for ICBC E-Installment credit cards, subject to ICBC’s approval.
Q: How are the installment fees calculated?
A: Fees for cardholder = actual installment amount * installment fee rate. Specific fee rules are subject to relevant announcements of local ICBC outlets.
Q: How much can I apply for?
A: The minimal amount is RMB10,000. E-Installment uses RMB as the currency.
Q: What are installment periods?
A: 6, 12, 18, 24, 30 and 36 installments, subject to cardholders' application and card issuers' business conditions. If you apply for E-Installment through a customized ICBC installment credit card, special installment card or featured installment card issued by a local ICBC outlet, the maximum installment is 96.
Q: How to use E-Installment special debit cards?
A: You can use special debit cards for diverse consumption such as car purchase, house renting, home decoration, wedding ceremony, education and tourism. They don't support deposit, withdrawal, transfer or other cash settlement businesses.
* Specific rules are subject to the policies of local ICBC outlets.


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