The repayment of each installment is 50000/36+50000 * 7.971%12 =1721.04.

Supplementary information: Advantages of Shanghai Pudong Development Bank's credit card:

1, the credit line is doubled, and the turnover is constantly convenient for cash withdrawal.

2. Universal payment by installment, and the expected annualized interest rate is lower than the expected annualized interest rate of credit card withdrawal.

Pufa Credit Card Withdrawal Fee:

Shanghai Pudong Development Bank charges 3%, starting from 1 1,000 yuan, and 30 yuan handling fee will be charged if it is less than 1 1,000 yuan. In addition, from the date of cash withdrawal, Pudong Development Bank will also charge overdraft interest at the daily expected annualized interest rate of five ten thousandths (expected annualized interest rate 18.25%).

Pufa general cost:

With a one-year loan of 65,438+100000, only 900.7 yuan (including interest of 67.4 yuan) needs to be repaid every month, and the expected annualized interest rate is 8.084% regardless of the time value of funds. The expected annualized interest rate of the loan is 7.9% for two years and 7.97 1% for three years, all of which are repaid by monthly installments.

Conditions and procedures for applying for a credit card

Article 6 Any natural person who has reached the age of 18, has full capacity for civil conduct, has a legal and stable source of income and solvency, has a good credit standing, and meets other application conditions indicated in our application form, can apply to our bank for a personal credit card master card with his valid ID card and other documents required by our bank. The main cardholder can apply for supplementary cards for immediate family members. The cardholder of supplementary card must be a natural person with good credit standing who is at least 13 years old (the applicant for single currency supplementary card such as US dollar card for international students is not less than 12), and adult relatives should have full capacity for civil conduct.

Article 7 When applying for a credit card, an applicant shall fill in the application form correctly, completely and truthfully in accordance with the regulations of our bank, submit the materials required by our bank, and agree to the inquiry between our bank and relevant parties as agreed, and save and use the relevant materials. When the applicant signs the application form or signs it online, it shall be deemed that Party B has understood and accepted the Articles of Association of Shanghai Pudong Development Bank Credit Card (Personal Card) and the Contract of Shanghai Pudong Development Bank Credit Card (Personal Card) (hereinafter referred to as the Contract) and agreed to be bound by them.

Article 8 According to the personal information and credit status of the applicant, the Bank will decide whether to issue the card and give the applicant a credit line. For student applicants who apply for our student credit card or related business, we will implement their second repayment source. The applicant should get the guarantee of the second repayment source (parents or their guardians, etc.). ) Willing to bear joint and several liability, provide proof that the second repayment source voluntarily agrees to repay on its behalf, and be responsible for its authenticity, legality and effectiveness. The guarantee scope of the second repayment source covers all debts (including the principal, interest and expenses of overdraft within the credit line and overdraft outside the credit line) incurred under the student credit card or the account of the related business applicant of our bank.

Article 9 Banks will provide cardholders with designated channels to set inquiry service passwords and transaction passwords. If the cardholder needs to modify or reset the password, he should apply for changing the password in the way stipulated by the bank.