The simple platinum credit card of Shanghai Pudong Development Bank spent 1 1300 yuan this month. I want to divide it into six periods. I want to know how much I have to pay back every month. How much is the handling fee? You have two choices, one is to pay by installment, and the other is to pay by installment.

Single installment: it is to repay a certain consumption in your bill by installment;

Bill installment: it refers to the repayment of all your bills in installments (usually, the minimum principal amount for a cardholder to apply for bill installment payment is RMB 500 yuan, and the maximum is not more than 95% of the total bill of the cardholder's credit card in the current period, subject to the evaluation result of the credit card center).

In your case, I estimate that it will cost 1 1300 in total, so the installment option that suits you should be bill installment. The sixth installment rate of Shanghai Pudong Development Bank is: 4.44% (lump sum for the first installment) and 0.78 (handling fee for each installment).

Then I'll teach you the calculation method. Assuming that the installment amount approved by the bank is 9000 yuan (divisible by 6 for easy calculation), then:

4.44% rate: down payment = principal per installment+total handling fee = 9000/6+9000 * 4.44% =1899.6 yuan; After each period = 1500 yuan.

Rate of 0.78: repayment amount per installment = principal per installment+handling fee per installment = 9000/6+9000 * 0.78 =1570.2 yuan.