Joke Collection Website - Public benefit messages - Is the interest on the convenience card paid back every month?

Is the interest on the convenience card paid back every month?

The interest on the convenience card is paid once a month, and the repayment date of interest is generally on the 20th of each month. If there is a monthly repayment plan, it is recommended to wait until the interest payment date to repay together to avoid the need to repay twice a month. Convenience cards not only have all the functions of debit cards, but also can apply for loans. Cardholders can apply for loans at the counter of local rural credit cooperatives, with a maximum loan amount of 500,000 yuan. Cardholders can also directly handle the loan repayment business at the ATM of rural credit cooperatives.

Not everyone can apply for a convenience card. Ordinary farmers, businessmen, urban residents, public officials, small and micro business owners and other natural persons can apply, and the applicant must have full capacity for civil conduct. Usually a family can only apply for a convenience card.

To apply for a convenience card, there must be a stable source of income, so that rural commercial banks and rural credit cooperatives can ensure that applicants have the ability to repay on time. The business of those merchants and small and micro business owners should be normal.

The use and repayment methods of the convenience card are as follows:

1. Use: cash deposit and withdrawal, transfer, consumption, collection and payment, with the function of personal small revolving loan.

2. Repayment method: the repayment business is handled at the outlets of rural credit cooperatives, and the interest or principal and interest is repaid by collecting interest first and then collecting capital, and then the interest is deposited in the convenience card every period, and the system will automatically deduct the interest. After the loan expires, the system will automatically deduct the loan principal and interest.

Before the convenience card repays, you need to bind a debit card in your own name, and deposit the current repayment amount into the debit card before the repayment date, waiting for the system to transfer money successfully. In addition, cardholders can also go directly to the counter of the local rural credit cooperatives and show their ID cards, convenience cards and bank cards, and the staff will assist in the repayment business.