1. How to calculate ICBC credit card loan interest?

ICBC loan interest rate is as follows:

1. Short-term loan for six months (inclusive) 5.35% Months to one year (inclusive) 5.81%

2. Medium and long-term loans One to three years (inclusive) 5.85% Three to five years (inclusive) 6.22% More than five years 6.40%

3. Discount

Use the rediscount rate as the lower limit and add points to determine

The above is an introduction to the issues regarding ICBC loan interest. For specific implementation of ICBC loan interest rates, please consult the local ICBC.

Conditions:

1. Have Chinese nationality.

2. Aged 20-55 years old.

3. Work or live in Shanghai.

4. Those with a stable career and a monthly income of less than 2,000 yuan can also apply.

5. Those with no bad repayment records.

Monthly repayment amount = current month’s principal repayment and current month’s interest

Current month’s principal repayment = total number of loans ÷ number of repayments

Current month’s interest = above Monthly remaining principal × monthly interest rate = total number of loans × (1-(number of repayment months-1)÷number of repayments) × monthly interest rate

Total interest = total number of loans × monthly interest rate × (repayment Number of payments 1)÷2

2. How to calculate the interest on ICBC credit card loans

When withdrawing cash with an ICBC credit card, the daily interest is 50,000% of the cash withdrawal amount. That is to say, if you withdraw 2,000 yuan in cash, the interest will be 1 yuan per day.

3. How to calculate interest on ICBC credit card borrowings

When withdrawing cash with ICBC credit card, the daily interest is 50,000% of the cash withdrawal amount. That is to say, if you withdraw 2,000 yuan in cash, the interest will be 1 yuan per day.

4. How to calculate the interest on ICBC credit card installment?

What is the installment interest rate for ICBC credit cards?

For example, the current 12-month installment fee charged by the bank is around 7.2%. Assume that a bill of 12,000 yuan needs to be paid. If you repay it in 12 installments, you will not only have to repay the principal of 1,000 yuan every month, but also the handling fee for the overall installment amount, which is 120007.2%/12=72 yuan. But we often overlook one thing. The funds after installments are occupied in stages. We actually only used the funds for the first installment for one month, and the funds for the second installment for only two months. And we only used the funds for each installment. The handling fees paid are calculated based on the annual interest rate of 7.2%.