How to calculate the installment interest of Bank of Communications credit card?

How to calculate the interest on installment repayment of Bank of Communications credit card?

The monthly installment fee for Bank of Communications credit card "pay as you want" installment business = installment principal × 0.72. Examples are as follows:

There are five installment application methods:

1. Credit card official website application method;

2. Telephone application method;

3. How to apply for online banking;

4. How to apply for mobile banking;

5. Two-way SMS pre-installment (only applicable to single consumption installment);

Extended information:

Transaction types that are not applicable to installment business are:

1. Overdraft interest and various procedures charged in accordance with the provisions of the applicable credit card regulations or receipt contract Fees, such as annual fees, cash withdrawal fees, late fees, over-limit fees, etc.;

2. Transfer or cash withdrawal transactions;

3. Real estate transactions and other regulatory agencies or Bank of Communications Categories of transactions specified from time to time or consumption arrears containing the above transactions.

Number of installments:

Cardholders can apply for installments within the range allowed by the bank, such as 3, 6, 9, 12, 18, 24 Each month is one period, starting from the first bill after the application is successful.

Handling fee repayment method:

The repayment principal of each installment shall be amortized evenly every month according to the number of installments chosen by the cardholder and approved by the bank. . The handling fee depends on the number of installments and is charged on a monthly basis. The handling fee rate shall be informed by the bank when the cardholder applies for installment. The specific handling fee rate can be found on the website of the Bank of Communications Credit Card Center.

Early repayment after installment:

Cardholders can apply for early termination of successfully applied installment through self-service channels such as online banking, or by calling the 24-hour customer service hotline shown on the back of the card. business, but all remaining principal and handling fees must be paid in one lump sum.

Bank of Communications Credit Card - Installment Introduction

How much is the monthly installment of 17,000 Bank of Communications Credit Card for 24 months

825.85 yuan. According to the inquiry on Bank of Communications credit card interest, it is found that the Bank of Communications credit card installment of 17,000 for 24 months is 825.85 yuan per month. Bank of Communications is a state-owned joint-stock commercial bank and one of the oldest banks in China.

How to charge installment interest for Bank of Communications credit card?

Bank of Communications does not charge installment interest, but only charges surgery fees.

Transportation credit card installment does not charge interest, but charges a handling fee. Installment fees are calculated on a monthly basis. Bank of Communications credit card holders can apply for installments after issuing bills. Applying for installments will incur corresponding handling fees based on the number of installments applied for. The handling fees are based on the amount of the installments, and the interest rates will be different for different installments. However, Bank of Communications' credit card installment fee is special. It is fixed at 0.72 per installment no matter how many installments it is.

The installment handling fee is based on the converted installment amount and is calculated on a monthly basis at a rate standard of 0.72/month. When you shop at the Bank of Communications Credit Card Points Paradise, you can choose to pay for the purchased goods in installments. All goods are interest-free and handling fee-free in installments. You only need to select the installment payment method on the payment page, and there is no need to go through additional installment procedures. Quick and convenient.

In addition, Bank of Communications credit cards also provide credit card installment services such as shopping mall installment, installment treasure, and mail-order installment. The installment fee is 0.50-0.93/month (the one-time payment fee is the principal monthly installment fee) rate installment number).

How to calculate the interest for 24 installments of 15,000 yuan with a Bank of Communications credit card, and how to pay it back every month?

The handling fee for 24 installments of Bank of Communications is 0.72 per installment, and it is 15,000 yuan in installments. The monthly repayment for 24 periods is 733 yuan. The specific calculation is as follows:

150000.72=108 yuan, the monthly handling fee is 108 yuan

15000/24=625 yuan per month The principal is 625 yuan

625 108=733 yuan, and the monthly repayment is 733 yuan

Extended information

Bank of Communications Credit Card is a joint venture between Bank of Communications and The credit brand product jointly launched by HSBC Bank is positioned as "a group of people who have ideals and pursuits in life and career, know how to enjoy, and are more willing to struggle. Sometimes they also have the need to study, do business, research or travel abroad. .

1. Installment payment

Instalment payment for Bank of Communications credit card consumption is to Pacific Dual Currency Credit Card, Liu Xiang VISA Credit Card, Y-POWER Credit Card, Pacific RMB Credit Card, and various co-branded credit card principal cards. Provided by cardholders and supplementary cardholders;

The starting amounts for Bank of Communications credit cards are: RMB 1,500/USD 100; (Y-POWER card RMB 500/USD 60)

Optional number of periods: You can freely choose from 3, 6, 9, 12, 18, and 24 periods;

The credit card consumption installment limit of Bank of Communications will be released in installments after repayment.

Charge Standard:

Instalment Amount (RMB) Installment Handling Rate

Since July 15, 2011, Bank of Communications will “pay whatever you want” The bill installment fee is uniformly adjusted to 0.72/month. For cardholders who have successfully handled the "pay as you want" bill installment before July 15, 2011, the fee will still be based on the original fee.

2. Late payment fees

If the actual repayment amount is lower than the minimum repayment amount on the due payment date, the proportion of late payment fees for the unpaid portion of the minimum repayment amount will be determined by the People's Bank of China. According to the unified regulations, the minimum repayment amount is RMB 5 for RMB accounts and USD 1 for USD accounts (except for designated card types).

How many installments are there for Bank of Communications credit cards? /p>

The number of installments of Bank of Communications' credit cards is 3, 6, 9, 12 and 24. The maximum number of installments here refers to months, and one installment is one month. 24 installments means 24 months.

Bank of Communications credit card installment interest standards:

1. The monthly rate is 0.72 for transaction amounts between 1,500 (inclusive) and 6,500.

2. The monthly rate is 0.70 for transaction amounts between 6,500 (inclusive) and 12,500.

3. The monthly rate is 0.68 for transaction amounts above 12,500 (inclusive).

The handling fee per period = the total principal amount of the installment × the handling rate per period corresponding to the number of periods. For example, if the installment payment is 5,000 yuan, the handling fee per period will be 36 yuan.

Extended information:

You need to pay attention to the following aspects when applying for Bank of Communications credit card installment:

1. Credit card installment will charge a certain handling fee, and once the installment is applied for, it is irrevocable. If you need to terminate the installment in advance, the handling fee will still be charged;

2. In addition to installment payment, if you cannot pay it off in one go, you can also choose to pay at least the minimum repayment amount, which will not affect the cardholder Current credit record, but interest will be charged at 0.05% per day.

Bank of Communications-Instalment Credit

How to apply for installment credit card with Bank of Communications? How to calculate interest?

For Bank of Communications credit card installment, just call the bank customer service to apply for installment. Credit card installments have no interest, but there are handling fees. 0.7 for 3 periods; 0.7 for 6 periods; 0.6 for 12 periods; 0.6 for 18 periods; 0.6 for 24 periods; handling fee = installment principal and handling rate for each installment.

Credit card bill installment application requirements: 1. The bill installment application period starts from the transaction date to the repayment date. You can freely choose to install installments for transactions under RMB or USD accounts. For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing day corresponding to the transaction. For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date). 2. Conditions for applying for bill installment. Applicants must hold a bank credit card personal card, have good card usage records, and have no delays in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment. 3. Application amount for bill installment. When applying for RMB bill installment, the minimum application amount per time is not less than RMB 300; when applying for USD bill installment, the minimum application amount per time is not less than USD 100. After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application. Note: Cardholders can apply for installments within the range allowed by the bank, such as 3, 6, 9, 12, 18, 24, each month is one installment, and the first installment after the application is successful The bill starts.

This ends the introduction to the Bank of Communications credit card installment interest and how to calculate the Bank of Communications credit card installment interest. I wonder if you found the information you need?