What do you mean by batch repayment?

There are two explanations for batch repayment. One is that the loan is repaid several times when it is due, and the other is that the loan is borrowed from a lending institution and automatically deducted at one time when it is due. Batch repayment is not the minimum repayment amount, and the current arrears should be paid off.

The repayment date refers to the latest date when the issuing bank (or institution) requires the cardholder to repay the payable amount. For credit card non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the billing date to the final repayment date, and the longest is from the day after the billing date to the final repayment date of next month. If the billing date is 1 day and the final repayment date is 20 days, the shortest is 20 days and the longest is 50 days. During this period, as long as you pay off the current payable amount on the current statement, you don't have to pay any interest on non-cash transactions (you don't enjoy interest-free discount if you borrow cash in advance).

The due repayment date is also called the final repayment date. If you don't repay in full before the due repayment date, and you don't choose the minimum repayment amount of credit card, you may face the following penalties: all consumption funds will no longer enjoy interest-free repayment, and the bank will calculate interest on a daily basis with the consumption amount as the principal, with a daily interest rate of five ten thousandths and compound interest on a monthly basis; Received a phone call or letter from the bank; Freeze your account, feed back your arrears record to the People's Bank of China and record it in your credit file, which will affect your personal credit; If you really don't have enough money to repay in full on the due date, please choose the minimum repayment amount of the credit card. If you repay in this way, you only need to return 10% of the total cost each time, so that although there is no interest-free repayment period, you can avoid personal credit damage.

Matters needing attention in loan:

First, when applying for a loan, the borrower makes a correct judgment on his economic strength and repayment ability according to the loan interest rate. Design a repayment plan according to your income level, leaving room appropriately, without affecting your normal life.

Second, choose the appropriate repayment method. There are two repayment methods: equal repayment method and equal principal repayment method. The repayment method is stipulated in the contract for one day and cannot be changed during the whole loan period.

Third, repay on time every month to avoid penalty interest. From the month after the loan is initiated, it is generally the repayment date of the next month. Don't cause liquidated damages because of your negligence, so that banks can't apply for loans again.

4. Take good care of your contracts and IOUs, read the terms of the contracts carefully, and know your rights and obligations.