How to calculate the interest for 24 installments of credit card limit of 6,000?

Credit card installments do not require interest. Generally, only handling fees are charged. Different banks have different installment handling rates. For example, a China Construction Bank credit card is divided into 24 installments, and the handling fee is 6000. If you swipe 6000, the handling fee for each installment is 60000.006 = 36, which means that you have to pay (6000/24) = 250 for each installment, and you have to pay another 36 yuan, which is 286 yuan.

1. What is a credit card loan?

Credit card loans refer to banks granting a certain amount of money based on the credit card holder’s credit status, and the cardholder can use the credit card to make purchases.

2. Credit card loan repayment methods:

Credit card loan repayment methods are divided into two methods: one-time principal repayment and installment repayment. Installment is one of the bank credit card consumer credit services. That is, when credit card holders make purchases, they can choose to divide the total price of the purchased goods or services into a number of equal installments such as 3, 6, 12 or 24 installments. (monthly) installment payment.

3. Under what circumstances does a credit card need to charge interest (handling fee)?

1. Cash withdrawal interest

It is to withdraw cash directly from the ATM machine. This method will incur two fees, one is interest and the other is handling fee. The interest rate of all major banks is currently RMB 50,000/day, and the handling fees vary from bank to bank, generally ranging from 1% to 3%.

2. Interest accrued after overdue payment

If the payment is not made on time and the payment is overdue, the bank will charge interest starting from the day you swipe the card. The interest is generally 10,000 yuan. 5 yuan a day until the day you repay in full.

3. Installment interest

This kind of installment generally refers to being divided into a fixed number of periods.

The current installment ranges of various banks are generally 3, 6, 9, 12, 24 and 36 phases. This number of installments is not uniform among banks. For example, Shanghai Pudong Development Bank only gives you a maximum of 24 installments, while some banks can give you 36 installments.

Friends who need to handle this business must consult the bank for details.

The installment interest rate (now called installment fee by many banks) is not uniform among banks. The general range of each bank is between 0.5% and 0.8% per month, with equal principal and interest repayments.

4. Minimum repayment interest

Each bank now has a minimum repayment. Generally speaking, if you spend 10,000 with a card, the minimum repayment is calculated based on 10%. thousand. If you repay one thousand before the repayment date, your credit report will be normal at this time and it will not be considered overdue.

Interest is charged on the unpaid portion of the full repayment, starting from the day the card is swiped. There is no interest-free period, and the fee is still RMB 50,000 per day.

How much do I have to repay each month for 12 installments of my CITIC credit card worth 6,000 points?

The monthly interest rate for credit card installments is generally around 0.78%-0.8%. If calculated as 0.76%, the interest for one period is: 6000x.0.78%=46.8 yuan; the interest for 12 periods is: 46.8x12 =561.6 yuan; the repayment amount of each period is: 6000/1246.8=546.8 yuan; one period is 30 days, which is one month, and 12 periods is one year. The above interest rates are for reference only. The final interest rate is subject to the bank’s telephone customer service.

1. Application steps for CITIC Bank credit card bill installment:

(1) Conditions for applying for CITIC Bank credit card bill installment:

1. CITIC Bank credit card holder Cardholders meet the conditions for bill installment processing; (Except for business card and foreign cardholders, supplementary card customers can apply on behalf of the principal cardholder)

2. CITIC Bank credit card holders can apply for bill installments in the current month The amount is 200 yuan and above; (except for transactions that cannot apply for bill installment)

3. The amount applied for bill installment by CITIC Bank credit card holders shall not exceed 95% of the current bill amount.

(2) Transactions that cannot be applied for CITIC Bank credit card bill installment:

1. Transactions that have been processed for installment;

2. Disputed transactions, cash withdrawal transactions and Various interest charges (including but not limited to handling fees, interest, late payment fees and other credit card charges, etc.);

3. Unrecorded transactions and other transactions stipulated by our bank.

(3) Time and channels for applying for CITIC Bank credit card bill installments

Time for applying for CITIC Bank credit card bill installments: Cardholders must pay the bill from the day after the current statement date to the final payment date. Apply for bill installment business one day before the payment date.

Channels for applying for CITIC Bank credit card bill installment: Cardholders can apply through our bank’s customer service hotline, sales hotline, credit card online banking, mobile card space, SMS, WeChat and other channels.

(4) After the cardholder successfully applies for CITIC Bank credit card bill installment, he cannot change the number and amount of installments he has applied for.

2. How to repay in installments with CITIC Credit Card

1. Fixed amount in installments. This is allowed. The fixed limit is the credit limit that you can usually swipe your card (excluding the temporary limit). If you want to repay in installments, you can choose installment payment when swiping your card, or choose bill installment before the repayment date. Installment repayment does not include interest, but does include handling fees per installment.

2. Temporary quota repayment in installments. The limit increase that is temporarily applied for cannot be repaid in installments, and the period generally ranges from one month to 90 days. After one month, the credit card limit will automatically return to the original limit.

How much will you pay each month for 24 installments of CCB Credit Card’s 6,000 credit card?

If it is CCB’s consumption installment (that is, installments are made for single card consumption exceeding 1,000 yuan that has not yet been billed.) 24 periods, the rate is 0.6% per period

The processing time is from the time the card is swiped to 2 days before the latest bill date. The processing method is to call the CCB customer service hotline

The principal of each installment is 6000/24=250 yuan.

Handling fee per period = 60000.6% = 36 yuan,

Total *** handling fee for 24 periods = 3624 = 864 yuan,

Each installment should be Repayment amount = 25036 = 286 yuan

If it is a CCB bill installment (you can apply for installment for some card transactions in the bill that has been issued), it will be divided into 24 installments, and the base rate is 0.62 per installment, before 3/31 , 20% off, 0.5% in one installment, can process up to 90% of all the expenses that have been billed, calculated based on the bill of 7,000, and all purchases are made by credit card, the maximum processing amount = 60,000.9 = 5,400 yuan, divided into 24 installments

The handling fee for each period = 54000.5% = 27 yuan,

The total *** handling fee for 24 periods = 2724 = 648 yuan,

Each installment should be Repayment amount = 22527 = 252 yuan

After the bill installment is successfully processed, you only need to pay back the 600 that has not been paid in installments for the current period. The first installment will be settled on the next month's bill.

How to repay a credit card debt of 6,000 in 12 installments? How to calculate the handling fee? Please help,

Hello, if you are using a China Merchants Bank credit card and have applied for bill installment, the installment amount can be up to 95% of the total new RMB card consumption in the current period. After the application is successful, you only need to repay the current bill. The uninstalled amount, the first installment amount and handling fee will be included in the next installment's bill. Handling fee per period = total installment amount × handling fee rate per period. The total principal amount of the installment is amortized evenly on a monthly basis, and the remainder is included in the last installment. The installment amount of each installment and the handling fee of each installment are recorded at the same time. Our bank provides cardholders with personalized options of 2, 3, 6, 10, 12, 18 and 24 periods. The corresponding handling fee rates for each period are 1.0%, 0.9%, 0.75%, 0.7%, 0.66%, 0.68%, 0.68%.

If you need to calculate, please enter the installment amount on the left side of the page, select the number of installments, and click "Instalment Simulation Calculation". Whether the application for bill installment is approved shall be subject to the comprehensive assessment result of our bank's credit card center.

Please help me calculate the installment of the China Merchants Bank credit card of 6,000 yuan_6 months_Zhongxunjing_how much to repay each month_Huanhuan

The installment of the China Merchants Bank bill, if it is divided For 6 installments, it depends on what kind of installment you have. The handling fee for each type is different. If it is a consumption installment, normally the handling fee is 0.75%, which means that the installment rate for each installment is 0.75%. Then calculate If so, the handling fee per period is 60000.75% = 45 yuan, and the principal to be repaid in each period is 6000/6 = 1000 yuan. The principal and interest you should repay in each period is = 100045 yuan. Another algorithm is to repay 6000/66000x0 in each period. 75%=1045 yuan. If it is cash installment, the handling fee is 0.8%, and each installment should be repaid 6000/66000x0.8%=1048 yuan.

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The advantages and disadvantages of credit card bill installment:

1. Relieve repayment pressure: The biggest benefit of applying for credit card installment business is to reduce the burden. When a single period's bill is too high, the cardholder will be under greater pressure to repay in full. Bill installment can spread the bill over multiple months, spreading the repayment, and the cardholder's repayment pressure will be less. Just imagine, if you ask your parents to borrow it, your family will be worried; if you ask your friends to borrow it, you will owe a favor, and it is better to exchange it for bank interest if you treat guests to dinner in the future.

2. There are discounts for credit card bill installments: Banks will hold some credit card preferential activities from time to time, including credit card bill installment preferential activities. At this time, when you apply for credit card bill installments, you can reduce or reduce a certain amount of interest or It’s the handling fee, but it’s quite worthwhile.

3. Bear the installment handling fee: Every bank charges a certain handling fee for credit card installment business, and different banks charge different fees. Take China Merchants Bank in 12 installments as an example. The current handling fee is 0.66%. The longer the installment time, the higher the handling fee. Then, when the installment bill is 5,000 yuan, you need to bear an installment handling fee of 33 yuan per month. *** will bear the handling fee of RMB 396 for the 12th period. Moreover, the handling fee will not be reduced or reduced, and early repayment will also be deducted.

4. It can easily lead to over-consumption: Since it takes a long time to repay the money, and only a little bit is repaid every month, the repayment method is "spend 240 yuan and only repay 20 yuan a month" It is easy to give cardholders the illusion that they spend money casually and repay easily, which can easily lead to excessive consumption, high bills, and selfless consumption.

5. It helps to increase the credit card limit: Banks rely on handling fees, interest, annual fees, etc. There are installment handling fees for handling credit card bills in installments, which allows the bank to make money. Of course, the bank will hope to keep it. Cardholders often handle installment business. The underlying rule is that when cardholders apply for bill installments and apply to the bank for a credit card limit increase, the bank will be more willing to approve it, and the success rate of the limit increase will increase.

Swipe 6,000 on Ping An Credit Card in 12 installments, how much is the interest, how much is the monthly repayment, and how is it calculated?

Ping An Credit Card has no interest in installments, only handling fees, and it is for 12 installments. The handling fee is 0.75% per month, calculated based on the monthly installment amount of your credit card of 6,000 yuan: 6000X0.75%6000÷12=45500=545 yuan.

Ping An Bank Credit Card is the first credit business launched after the merger of Shenzhen Commercial Bank and Ping An Bank and was renamed Shenzhen Ping An Bank. In addition to the basic functions of credit cards such as credit consumption and cash advance, it also has Many special functions provide cardholders with comprehensive security protection covering "safety in consumption, safety at home, and safety in travel".

Full protection for consumption losses within 72 hours before reporting the loss

——If your credit card is lost or stolen, no matter whether you set up password-based transactions or not, it will be covered within 72 hours before the loss is reported. You can apply to the Bank for compensation for losses caused by fraudulent use of your card.

Full protection for cash advance losses if a credit card is robbed - if the cardholder is hijacked by a gangster and is coerced by the gangster and his life and health are seriously threatened, he is forced to disclose to the gangster that the cardholder has stolen the card. If the credit card password in the person's name causes the credit card to be pre-borrowed by criminals through an automated teller machine (ATM) or bank counter, the cardholder can apply for compensation from the bank.

You can choose the transaction password

——When you activate the card, the consumption method we set for you is "signature only". If you choose "Sign with password for consumption", please call the 24-hour customer service hotline to apply for settings.

After setting the transaction password, you can also change the password through the Bank's ATM cash machines, CDM deposit machines, 24-hour customer service hotline or by logging in to the Bank's credit card website.

Home security

——All Ping An Bank credit card holders can enjoy home theft protection. Cardholders only need to activate the card and successfully swipe it once (no limit on amount). You can receive free home property theft insurance and door and window lock malicious damage loss insurance. Gold card holders can also receive cash and gold and silver jewelry theft insurance to protect your home safety.

Worry-free travel protection

——As long as you use the Ping An Bank credit card gold card you hold, swipe the card to pay for 100% of the flight for yourself (not limited to domestic and international flights) If you pay more than 80% (inclusive) of the passenger civil air ticket or the tour group fee (including air transportation), you can receive aviation accident insurance protection of up to 2 million yuan.

Multiple services to make your life worry-free

5% minimum repayment amount

——Ping An Bank Credit Card, you can enjoy up to 50 days Interest-free repayment period. If you make normal repayments in the first month (that is, not less than the minimum repayment amount in the current month's bill), the minimum monthly repayment amount will automatically be reduced from the original 10% to 5% from the next month. Maintain a good credit record and make your wealth management more comfortable.

Consumption instant text messages

——After you consume or repay, regardless of the transaction amount, the Bank will immediately send a reminder text message to your designated mobile phone. If your mobile phone number changes, please call the 24-hour customer service hotline to modify it in time. In areas where the 400 service is not available, please call (you can go to the official website).

EMAIL consumption reminder

——You can log in to the bank’s credit card website (you can select it in the extended reading) or call the 24-hour customer service hotline (you can go to the official website) to activate E- MAIL consumption reminder service, please call the 400 service in areas where the service is not available (you can go to the official website). Regardless of the transaction amount and type, we will generally send an E-MAIL consumption reminder to your designated mailbox the day after the consumption occurs. If your E-MAIL mailbox changes, please log in to our credit card website or call the 24-hour customer service hotline to modify it.

Overseas consumption and RMB repayment

——U.S. dollar bills generated by your use of Ping An Bank credit cards for overseas consumption or cash withdrawals can be used except for transactions prohibited by national laws. Repayment of foreign exchange purchased in RMB. You only need to choose to activate the foreign exchange purchase function on the credit card application form or activate the foreign exchange purchase function by calling the 24-hour customer service hotline. The Bank will complete all the foreign exchange purchase procedures on your behalf and repay the corresponding amount of the US dollar bill.

That’s it for the introduction of how to repay the 6,000 credit card installment.