Hello, it is definitely more cost-effective to apply for installment payment to generate interest than when the monthly payment is the lowest. If you only pay the minimum repayment amount before the due repayment date, we will charge interest in installments, starting from the second day of consumption in the bill and charging interest at the rate of 0.5 ‰ per day until you pay it off. That is 20000*0.0005= 10 yuan/day. If the interest is calculated for 30 days, 10*30=300 yuan. 10 month approximate interest = 300 *10 = 3,000 yuan.

If you apply for bill installment, the bill will be divided into 10 installments of 20,000 yuan, assuming the rate is 0.78%, the handling fee for each installment = 20,000 * 0.78% =156 yuan/installment, and the installment principal = 20,000 yuan/installment. So to sum up, I suggest you apply for staging, which is relatively cost-effective.

I hope our answer will get your approval. In the future, you can join the official WeChat of Ping An Credit Card to experience a different micro-life.

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