How to repay hengfeng bank honeypot in installments? Can I return it in advance?

Hengfeng bank Honeypot Installment is a special cash installment business for high-quality cardholders, with a maximum amount of 300,000, which can be divided into 36 installments at the longest, to solve the problem of large cash turnover of cardholders, and repayment must be made on time after successful handling. So, how to repay hengfeng bank honey pot in installments? Can I return it in advance? Let's briefly introduce it today.

How to repay hengfeng bank honeypot in installments?

Although honeypot installment is a special installment business of credit cards, you will open a honeypot installment account and an electronic credit card respectively after handling it, so be sure to remember the account of the electronic credit card and don't return the money to the Hengfeng credit card account, otherwise there will be the risk of overdue.

After the honeypot installment bill comes out, the cardholder only needs to transfer the money to the electronic credit card account before the end of the billing date. If he has enough funds in his hand and doesn't want to pay the first installment slowly, he can call hengfeng bank Credit Card to apply for early repayment of honeypot by installment. The bank will calculate the remaining unpaid principal+undistributed handling fee and include it in the next bill, which needs to be paid off in one lump sum.

Example analysis

Assume that the cardholder has set up a 50,000-yuan Hengfeng honeypot in 12 installments, and the rate for each installment is:

1) Repayment on schedule: 50,000 yuan/12 = principal and 50,000 yuan * service fee shall be repaid every month, and the total repayment amount for each installment is RMB.

2) prepayment: if prepayment is made for three times, the remaining principal (50,000-50,000/12 * 3) = 37,500 yuan, and the remaining installment fee (400 * (12-3) = 3,600 yuan, and the total repayment amount is 465,438 yuan.

The above is the related introduction of "How to repay hengfeng bank honeypot in installments", hoping to help everyone.