1. Determine the installment amount and number of installments: First, you need to know your installment amount and number (such as 3 months, 6 months, 12 months, etc.). ).
2. Know the handling fee rate of each installment: Banks usually offer different installment rates for you to choose from. Generally speaking, the longer the number of installments, the higher the handling fee rate.
3. Calculate the repayable amount of each installment: divide the installment amount by the number of installments to get the repayable principal of each installment. For example, if the installment amount is 12000 yuan and the installment number is 12 months, the principal payable in each installment is 1000 yuan (12 = 1000).
4. Calculate the handling fee for each period: multiply the principal payable for each period by the handling fee rate for each period to get the handling fee payable for each period. For example, if the principal payable for each installment is 1 0,000 yuan and the installment fee rate is 0.6%, the repayment fee for each installment is 6 yuan (1 0,000 * 0.6% = 6).
5. Calculate the total amount payable in each period: add the principal payable in each period and the handling fee payable in each period to get the total amount payable in each period. For example, if the principal payable per period is 65,438+0,000 yuan and the handling fee payable per period is 6 yuan, the total payable per period is 65,438+0,006 yuan (65,438+0,000+6 = 65,438+0,006).
It should be noted that different banks may have different calculation methods of credit card installment interest. Please refer to the information provided by the bank for the specific calculation method. In addition, credit card installment may affect your credit history and credit card limit, so please make sure that you have enough repayment ability when choosing installment payment.