The installment payment policy of Guangfa Credit Card is relatively clear. The main feature is that no interest is required for on-time repayment, and only handling fees are required. The following is a detailed description of the handling fees:

First of all, Guangfa Bank’s minimum initial installment payment period is six installments, and does not provide a three-instal option. As for the selection of installments, it can be divided into six, twelve, eighteen and twenty-four phases. The handling rate varies according to the number of installments:

1. The handling rate for six and twelve installments is 0.7, which means that if you choose six installments of 5,000 yuan, you need to pay for each installment The handling fee is 5,000 yuan multiplied by 0.7, which is 35 yuan.

2. For longer installments, such as eighteen and twenty-four installments, the handling fee is increased to 0.72. Taking 5,000 yuan as an example, the monthly handling fee payable is 5,000 yuan multiplied by 0.72, plus the amortization of the installment principal, the monthly repayment calculation formula is: 5,000 yuan divided by the number of installments plus 5,000 yuan multiplied by 0.72 , for example, the monthly repayment amount for six periods is 5000/6 5000×0.7=868.33 yuan.

In summary, when choosing the appropriate number of installments for Guangfa Credit Card, you need to consider the additional cost of handling fees in order to plan your finances reasonably. I hope this information is helpful to you. If you have any other questions, please consult bank officials.