CHINA BANK E IS A PERSONAL LOAN PRODUCT INTRODUCED BY THE BANK OF CHINA. AFTER APPLYING FOR AND OBTAINING A LOAN, THE CLIENT IS REQUIRED TO PAY IN ACCORDANCE WITH THE RELEVANT REGULATIONS. HOW, THEN, SHOULD THE SINO-CHINESE E LOAN BE REPAID? THIS IS ANALYSED IN SEVERAL WAYS。

HOW WILL THE CHINESE SILVER E LOAN BE REPAID

1. Method of repayment

THERE ARE TWO WAYS IN WHICH THE SINO-CHINA BANK E LOAN CAN BE REPAID: AN AUTOMATIC DEDUCTION, WHEREBY THE CUSTOMER AUTHORIZES THE BANK TO AUTOMATICALLY WITHHOLD THE PRINCIPAL OF THE LOAN FROM THE ASSIGNED REPAYMENT ACCOUNT; AND AN ACTIVE REPAYMENT, WHEREBY THE CLIENT CAN REPAY THE LOAN ITSELF THROUGH ATM, ONLINE BANKING, ETC. CLIENTS ARE REQUIRED TO CHOOSE THE APPROPRIATE REPAYMENTS ACCORDING TO THEIR ACTUAL SITUATION。

2. Repayment time

THE SINO-CHINA BANK E LOAN IS REPAID WITHIN 15 DAYS OF THE DATE OF THE MONTHLY BILL, AND THE CUSTOMER IS REQUIRED TO RETURN THE PRINCIPAL DUE FOR THE MONTH IN QUESTION WITHIN A SPECIFIED TIME. IF THE CLIENT DEFAULTS, THE CORRESPONDING OVERDUE COSTS WILL ARISE, AFFECTING THE PERSONAL CREDIT RECORDS。

3. Calculation of repayments

THE AMOUNT REPAID ON THE CHINA BANK E LOAN IS CALCULATED ON A MONTHLY BASIS AND INCLUDES BOTH PRINCIPAL AND INTEREST. CLIENTS CAN VIEW THE AMOUNTS DUE FOR THE MONTH ON THEIR OWN PERSONAL ONLINE BANK, AND CAN ALSO SEARCH THE CURRENT REPAYMENT SCHEDULE ON THE CHINA BANK E LENDER ' S ONLINE TO PREPARE FOR REPAYMENT IN ADVANCE。

4. Advance repayments

IF THE CLIENT IS ABLE TO REPAY THE SINO-CHINESE E LOAN IN ADVANCE, IT IS ENTITLED TO INTEREST RELIEF. IT SHOULD BE NOTED, HOWEVER, THAT AN ADVANCE PAYMENT WOULD HAVE TO BE MADE AT A CERTAIN FORMAL COST, THE AMOUNT OF WHICH WOULD HAVE TO BE AGREED IN ACCORDANCE WITH THE LOAN CONTRACT AT THAT TIME。

5. Deferred repayments

If the client is unable to make the payment on time, the bank may be requested to extend the payment. However, the application for a deferred payment requires the client to provide the relevant proof and a certain amount of late payment. Clients need to process repayments within a specified time frame to avoid compromising personal credit records。