The fee for the Installment Advance transaction will be added to the statement of account that includes the first installment and will be treated as a normal expense. If the entire installment amount concerning the Installment Advance transaction is not paid until the payment due date, interest will be charged on the installment amount.
The amount that can be used as an Installment Advance is limited to the limit of the credit card.
Early pay off, partial pay off or transaction cancellation is not possible.
If you have a drawing account linked to your credit card, the advance will be deposited into that account. Otherwise, the advance will be limited to the highest amount an ATM can pay in one go.
A transaction fee amounting to 5% of the transaction amount drawn will be charged for an Installment Advance transaction.
An interest rate of 1.38% for 3 months, 1.81% for 6 months, 1.96% for 9 months, 2.25% for 12 months, 2.35% for 15 months, 2.51% for 18 months, 2.60% for 24 months, 2.88% for 36 months will be charged for the installment advance amount drawn. (KKDF and BSMV are not included in these rates.)
