If the consumption voucher is not uploaded, do I really have to return it all at once?

Is it okay if the CITIC consumer voucher is not uploaded?

If the user does not receive a text message requesting to upload the consumption voucher, then it does not matter if the user does not upload the consumption voucher. The user has already received a text message from CITIC Bank requesting to upload the consumption voucher. Failure to upload it at this time will have consequences. Failure to upload consumption vouchers may result in CITIC Bank requiring users to settle all outstanding balances at once.

Repaying all arrears at once is very stressful for borrowers. Once required to do so, the risk of overdue is very high. If Home Credit does not upload consumption vouchers, what fees must be paid in one lump sum?

All reimbursement amounts must be paid in one lump sum.

If you do not upload the consumption voucher and receive a text message from the bank requiring you to pay off the remaining balance in one go, then the user must pay it off in one go. Instead of uploading consumption vouchers, the bank only urges users to upload consumption vouchers and does not require a one-time repayment. At this time, users only need to prepare consumption vouchers and upload them.

Not necessarily every user who has not uploaded consumption vouchers must pay it off in one go. Some users with good credit qualifications may not need to upload consumption vouchers. Is it okay if CITIC Bank’s credit card consumption vouchers are not uploaded?

Banks generally require customers to upload relevant consumption vouchers. If the customer does not upload, CITIC Bank is likely to require the customer to pay off the installment balance in one go, then terminate the contract early, and may also charge liquidated damages.

Therefore, after receiving the notification requesting to upload the consumption voucher, the customer must remember to upload the consumption voucher in time. Invoices, receipts, credit card slips, supermarket shopping receipts, transaction contracts, etc. can all be uploaded as consumption vouchers.

The amount of consumption vouchers uploaded cannot be less than 90% of the applied loan amount, and the number of consumption vouchers uploaded for each installment order cannot exceed ten.

CHINA CITIC BANK, formerly known as CITIC Industrial Bank, was founded in 1987 and changed to its current name at the end of 2005. CITIC Bank is one of China's national commercial banks, headquartered in Beijing.

The People's Bank of China has approved CITIC Bank as a state-owned comprehensive bank affiliated with CITIC Corporation. It is a subsidiary of CITIC Corporation and an independent legal person. Registered capital is RMB 800 million. Implement independent operations, independent accounting, and be responsible for profits and losses. Branches can be established at home and abroad to operate approved banking services.

The major shareholder is CITIC Corporation of China. Spanish Bank of Spain (Banco Bilbao Vizcaya Argentaria, S.A BBVA) spent 501 million euros (approximately HK$5.02 billion) to purchase the equity of CITIC Bank 5, and also has the option to increase its shareholding ratio in CITIC Bank to 10.07. April 27, 2007 , China CITIC Bank is listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in mainland China, with total assets of more than HK$1.2 trillion, more than 16,000 employees and more than 540 branches. It is one of the six lines and three guarantees for Chinese financial stocks in Hong Kong.

In November 2015, China CITIC Bank cooperated with Baidu to jointly establish a direct selling bank. The proposed name of the direct selling bank is "Baixin Bank Co., Ltd." The investors are CITIC Bank and Fujian Baidu Borui Network Technology Co., Ltd. The registered capital is tentatively set at 2 billion yuan, and it is planned that CITIC Bank will have absolute control.

On November 18, 2015, Baidu and CITIC Group jointly announced a strategic cooperation at the Diaoyutai State Guesthouse. Baidu and CITIC Bank, a subsidiary of CITIC Group, initiated the establishment of Baixin Bank. This is China's first direct bank launched by an in-depth cooperation between an Internet company and a traditional bank. It marks a milestone step for Baidu in financial services, a vertical service field with the largest capacity and greatest growth potential. The establishment of Baixin Bank is also of landmark significance in the development of China's banking industry, creating a new model of "Internet finance".

From December 1, 2015, CITIC Bank customers will usher in the era of "free online banking transfers".

The bank announced that it will officially launch a free domestic transfer service through personal online banking from now on. All the bank's customers who handle domestic transfers through personal online banking, including long-distance and inter-bank transfers, will enjoy the "0" handling fee discount.