How much is the monthly repayment for borrowing 5, yuan from a credit card

Here, take the installment car purchase by China Merchants Bank's credit card as an example, the handling fee rate for the 12th installment is 5.5%, and the monthly repayment amount for borrowing 5, yuan is 4,395.83 yuan, including the installment fee of 229.17 yuan.

of course, the above installment calculation is based on the rate and repayment amount, and the final repayment method and amount are subject to the bill.

(1) The overdue credit card will produce bad credit records, and the following remedial measures need to be taken:

1. Pay off the arrears in time, take the initiative to explain the situation to the bank and keep the account in a normal state.

2. Never cancel your card because it is overdue, otherwise you will lose the opportunity to repair your credit. After it is overdue, you should continue to use the credit card normally, spend more, repay it on time, and replace the overdue record with a new repayment record.

3. Don't lose contact after the deadline, and don't let the bank think that you overdraw and owe money maliciously, otherwise you may be stopped by the bank

(2) How to handle the installment of credit card suspension?

cardholders who want to apply for credit card stop installment need to take the initiative to contact the issuing bank. Inform yourself of your willingness to pay back the credit card arrears, but due to force majeure, you can only apply for credit card suspension and installment. Then the cardholder needs to provide an appropriate explanation to the bank, because some external factors change, and he is unable to repay the credit card bill. For example, the cardholder suddenly loses his job or suffers from serious illness.

Generally speaking, the method of stopping interest and paying the bill is the best for many debtors whose credit cards are overdue and temporarily unable to repay. At present, most banks will handle credit card bills for cardholders who really exceed their repayment ability.

(3) what is the principle of overdue repair?

1. Timeliness

No matter whether it is intentional or unintentional, when the overdue has happened and become a reality, you must pay back the money in time and plug the overdue mouth to avoid the overdue time getting longer and longer.

2. sufficiency

whether it is a loan or a credit card, if it is overdue, it must be repaid in full according to the repayment amount of the current month; if it is a loan, it must be repaid according to the monthly repayment amount; if it is a credit card, it must be repaid at least according to the minimum repayment amount; if it is less than the specified amount, the credit will still be overdue.

(4) how to calculate the credit card interest?

1. Look at the interest rate and interest-bearing method of credit card interest. Usually, banks will compound interest on credit card interest on a monthly basis.

2. Compounding interest on a monthly basis means adding up the principal and interest of last month before calculating the interest of next month, and so on.

3. if the minimum repayment amount is not reached before the latest repayment date, a late fee will be charged, specifically 5% of the unpaid part of the minimum repayment amount.

how much is the 5, credit card paid in 12 months?

In December, the monthly principal: 4,166.67 yuan+installment fee: 36 yuan = 4,526.67 yuan. Here are some details about the interest rate of Bank of Communications' credit card: For non-cash transactions (cash advance or transfer), the date from the bank bookkeeping date to the due repayment date is the interest-free repayment period. The shortest interest-free repayment period is 25 days and the longest is 56 days. During this period, you don't have to pay the interest on any non-cash transaction, provided that you fully pay off the current payable amount (the total amount owed) on the current statement (you don't enjoy the interest-free discount for cash advance).

1. repayment date of Bank of Communications

For non-cash transactions (cash advance or transfer), the date from the bank bookkeeping date to the due repayment date is the interest-free repayment period. The shortest interest-free repayment period is 25 days and the longest is 56 days. During this period, you don't have to pay the interest on any non-cash transaction, provided that you fully pay off the current payable amount (the total amount owed) on the current statement (you don't enjoy the interest-free discount for cash advance).

2. Minimum repayment amount of Bank of Communications

(1) The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can make repayment according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 1% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

(2) The formula for calculating the minimum repayment amount is as follows: minimum repayment amount =1% consumption balance +1% cash withdrawal balance+interest balance+other payable expenses balance+part of the minimum repayment amount in the previous period. Bank of Communications adopts the revolving credit interest calculation method. Revolving credit: Revolving credit is a small, unsecured loan with daily interest. According to your own financial situation, you can decide the repayment amount by yourself every month before the due date of the current credit card bill. When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the repayment amount of the current period, the remaining deferred repayment amount is the revolving credit balance. Revolving credit is a very convenient loan tool, which not only allows you to enjoy the convenience of swiping your card, but also is a good choice for you to manage your finances easily. If you choose to use revolving credit, you can't enjoy the interest-free repayment period in the current period.

I spent 5, yuan on the credit card of China Construction Bank and paid it back in 24 installments. How much will I have to pay back every month?

2,383 yuan.

The credit card installment rate of China Construction Bank is .6%, the principal of each installment is 5,/24 = 2,83 yuan, and the handling fee of each installment is 5, yuan (.6%=3 yuan), and the monthly payment is 2,383 yuan. The total handling fee for the 24th installment is 324=72 yuan.

supplement: calculation formula: monthly interest = principal× annual interest rate ÷12

interest rate refers to the ratio of the interest amount due in each period to the par value in the amount borrowed, deposited or borrowed (called the total principal). The total interest of the lent or borrowed amount depends on the total principal, interest rate, frequency of compound interest and the length of time of lending, deposit or borrowing. Interest rate is the price that the borrower needs to pay for the money he borrows, and it is also the return that the lender gets by delaying his consumption and lending it to the borrower.

generally speaking, interest rates are expressed by annual interest rate, monthly interest rate and daily interest rate, depending on the term standard of measurement. The interest rate is usually calculated as a percentage of one-year interest to principal. Monthly interest rate refers to the interest calculated on a monthly basis. The monthly interest rate is expressed as a few thousandths of the principal. The monthly interest published by the bank is basically expressed after one year.

For example, the annualized deposit interest rate for three months is 2.6% (the bank is listed). In fact, the actual rate of return for the current period after three months is only .65%. The annual interest rate is generally% (percent), and the monthly interest rate is generally expressed as ‰ (thousandth). The daily interest rate is expressed as a few ten thousandths of the principal, which is usually called a few cents. If the daily interest rate is 1%, that is, the principal 1 yuan, the daily interest rate is .1 yuan. (1% =.1 yuan, 1 cents =.1 yuan)

calculation formula: daily interest rate _ annual interest rate ÷36= monthly interest rate ÷3. Relationship between annual interest rate and monthly interest rate: monthly interest rate = annual interest rate /12, annual interest rate = monthly interest rate ×12.

Precautions for calculating interest:

1. Counting at the beginning does not count at the end. When calculating interest, the number of deposit days is counted at the beginning, that is, from the date of deposit to the day before withdrawal;

2. Regardless of leap year and normal year, regardless of month size, the whole year is 36 days, and every month is 3 days;

3. For the year, month and day, the maturity dates of various time deposits are subject to the year, month and day. That is, from the date of deposit to the same day of the following year, it is a pair of years, and the date of deposit to the same day of next month is a pair of months;

4. maturity date of fixed deposit. for example, if the office is closed on a legal holiday, you can withdraw it one day in advance, and interest will be calculated as if it is due. the procedures are the same as early withdrawal.

calculation formula of interest: principal × annual interest rate (percentage) × term of deposit

if interest tax is collected ×(1-5%)

total principal and interest = principal+interest

calculation formula of accrued interest is: accrued interest = principal × interest rate × time

accrued interest is accurate to two decimal places, and interest has been accrued.

PS: the deposit period should correspond to the interest rate, not necessarily the annual interest rate, but also the daily interest rate and the monthly interest rate.

one month's interest is the principal × the monthly interest rate of 1.5%, and one year's interest is the principal × the monthly interest rate of 1.5%×12. For example, if you borrow 2, yuan, the monthly interest = 2,× 1.5 %× 1 = 3 yuan, and the monthly interest is 3 yuan, the annual interest needs to be multiplied by 12, which is 3,6 yuan.

let's stop here for the introduction of the monthly credit card of 5, yuan.