Third-party debt repayment enables the borrower to authorize its account opening bank to deduct a payment from the third party's account after receiving the financing bank's repayment notice, and thus repay the loan for the borrower.
The debt includes the principal of loans, financing commissions, interest, overdue interest, and compound interest.
·The applicant holds a basic or general deposit account with CMB and most of its payment transactions have been through CMB.
·The third-party account balance is sufficient for repayment.
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