Do you still need to ask the debt ratio when the credit card is divided into 60 installments?

When applying for credit card installment payment, you usually need to provide debt ratio information. Debt ratio refers to the ratio of total liabilities to total assets of an individual or company. Banks or financial institutions will consider the borrower's debt ratio to evaluate the applicant's repayment ability and risk. This is because the high debt ratio may mean that the borrower has already shouldered a heavy debt burden, and it may be difficult to repay the loan on time.

In the case of credit card installment payment, banks usually ask borrowers to provide personal financial information, including personal income and liabilities, to assess whether installment payment services can be provided. Therefore, debt ratio information may be necessary when applying for 60-installment repayment of credit card.

However, the specific requirements may vary from bank to financial institution. It is recommended that you consult the requirements of specific financial institutions or read relevant documents to understand the detailed information you need to provide when applying for installment payment.