1. At present, there are two ways to collect the handling fee (interest) by installments. One is better for consumers, and it is charged at 0.5% per period, that is, 4000*0.5%+4000/ 12= the amount to be repaid every month; Another method is good for banks. For example, if the interest rate is 6%, the full repayment will be 4000*6% in the first month, and then only 4000/ 12 every month.

Step 2 pay by credit card

(1) Credit card installment payment refers to the process that when a cardholder uses a credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

(2) Handling fee: Generally speaking, the handling fee for credit card installment payment 1 year is lower than the annual cash withdrawal interest 18% and higher than the commercial loan interest of banks by 5.3 1%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standards of credit card installment fees and cash withdrawal interest have rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.

(3) Advantages:

Enjoy first, then pay.

Without a guarantor, the procedure is simple.

Fixed time and easy payment.

Free of payment and monthly repayment.

More room to choose payment methods.