For example, the consumption of 6000 yuan is divided into 6 periods.
The total handling fee rate of China Merchants Bank is 4.2%, so the 1 month is 6000 yuan.
*
4.2%
+
6000
/
six
=
252
+
1000
=
1252,
After that, just pay back 6000 every month.
/
six
=
1000 will do.
A total of 6,252 repayments were made in six installments, of which the handling fee was 252.
The handling fee of Guangfa is 0.65% per issue.
Still 6000 a month.
/
six
+
6000
*
0.65%
=
1000
+
39
=
1039 yuan.
The total repayment amount of the six installments is 1039.
*
six
=
6234 yuan, including 234 handling fee.
Generally speaking, if Guangfa is divided into six phases, it is only a little cheaper than China Merchants Bank.