Handling fee = installment principal * installment handling fee rate of each installment.

ICBC's credit cards are divided into six periods: 3, 6, 9, 12, 18 and 24. The handling fees are 3 1.65%, 6/3.6%, 9/5.4%, 12 and 7.2% respectively.

Staging methods include summary staging, cash staging and consumption staging. The handling fee is a one-time payment in the first installment and cannot be paid in installments. Moreover, the installment function can only be used if a single consumption reaches 600 yuan. There are two repayment methods: full repayment, application for early repayment and partial early repayment.

12 7.2% handling fee is equivalent to 7.2/(12+1) * 24 =13.29% annual interest rate.

The handling fee of ICBC 12 is 3.58%, and the annualized interest rate is 6.6 1%, which is equivalent to 1. 1 times of the one-year loan benchmark interest rate of 6.0%.

0.0358/13 * 24 = 0.06609 = 6.61%will be collected by stages.

For the first installment, the annualized interest rate should be divided by (1- installment fee).

The down payment is 0.0358/13 * 24/(1-0.0358) = 0.06854 = 6.85%.

Extended data

Credit card bill installment application requirements:

1. Time to apply for installment bills

From the trading day to the repayment date, you can freely choose the installment transaction under RMB or USD account.

For unbilled transactions: you can apply for installment payment between the transaction date of 19:30 and the billing date of the bill corresponding to the transaction.

For bills that have been issued, you can apply for installment from the day after the billing date to the due repayment date (for customers with automatic repayment in the account, the deadline for application is due repayment date 17:00).

2. Conditions for applying for installment bills

The applicant must hold a personal card with a bank credit card, have a good record of using the card and have no delay in repayment in the current period. Customers who only hold business cards, business cards, purchasing cards, ANA protection cards or supplementary cards cannot apply for bill installment for the time being.

3. Bill installment application amount

For the installment payment of RMB bills, the minimum application amount shall not be less than 300 yuan RMB each time; For the installment payment of USD bills, the minimum application amount shall not be less than USD 65,438+000 each time. After the installment of RMB or USD bill is successful, the principal and handling fee of each installment will be credited to RMB account, that is, the installment amount of USD bill will be converted into RMB at the exchange rate specified at the time of application.