How to calculate the interest when the Agricultural Bank of China credit card repays 20,000 yuan in 24 installments?

The handling fee rate of credit card consumption of Agricultural Bank of China for 24 periods is 0.6%, and the handling fee for each period is 20,000 yuan 120 yuan. 20,000 yuan is divided into 24 installments, and the principal of each installment is about 833.33 yuan. Therefore, when the two are added together, the repayment amount of 24 installments of 20,000 bills is about 953.33 yuan.

Namely: 20000/24+20000/0.6% = 833.33+120 = 953.33.

SMS billing installment application

Use the reserved mobile phone and send corresponding instructions to 1069095599.

1. RMB bill installment application:?

Send "4 # period after CCZD# card number" and apply for RMB bill installment according to the highest installment amount of the previous bill; Send "CCZDFQ# card number followed by 4 # number # amount", and you can apply for RMB bill installment according to the specified amount;

2. Foreign currency bill installment application:?

Send the "CCFF# card number after the 4 # period. You can apply for foreign currency bill installment according to the maximum installment amount of the previous bill.

Extended data:

1. Once the bill installment application is successful, the cardholder may not apply for cancellation. If the credit card bill after installment is successful, it will be repaid in full and on time. Otherwise, interest will be charged. If it is overdue for many times, the credit period will be terminated and the overdue fee will be charged. Excessive repayment will not automatically repay the principal that is not due in installments.

2. The time to apply for prepayment is from the successful installment application to the time before the penultimate installment bill is generated. After the application for early repayment is successful, the installment fee charged will not be refunded, and the cardholder still needs to bear the installment fee debt that has been recorded.

3. The installment principal of each installment is equal to the installment principal divided by the number of installments, rounded to the nearest yuan, and the difference will increase or decrease in the last installment. If the installment fee is charged at one time, the total installment fee will be charged in the first installment, and the total installment fee will be calculated by multiplying the installment principal by the applicable fee rate.

4. When the cardholder fully repays the current payable amount listed in the bill before the due repayment date, the current installment payment enjoys interest-free treatment; If the cardholder fails to repay the loan on time, our bank has the right to charge corresponding interest and fees according to the rules for charging interest and fees of credit cards.

Agricultural Bank of China-Application Method

Agricultural Bank of China-Business Overview