Credit cards do not have loan functions, but currently China Construction Bank has a large-amount special installment business for car purchases and home decoration. It provides a special installment amount on the basis of the original credit card limit. , for customers to buy cars or home decorations, but there is no way to withdraw this limit. They can only be used by swiping the card in installments at designated cooperative merchants. For specific business introduction, the author can go to the credit card homepage of China Construction Bank to get a general understanding.

Then let’s take his family’s car purchase installment as an example. Assume that the owner borrows 90,000 yuan and repays it in 36 installments. The handling fee is calculated at 12% (the car purchase installment is actually based on the owner’s purchase model and the number of installments). To set the handling fee, the specific poster should consult the car dealer that China Construction Bank cooperates with when buying a car, and this business also has down payment requirements, which is usually about 20%-50% of the net car price of the purchased model)

The principal needs to be returned in each installment = 90,000/36 = 2,500 yuan

Instalment handling fee = 90,000*12%=10,800 yuan

The handling fee and principal need to be returned in the first installment The amount is 13,300 yuan

You can repay the principal every installment in the future. At the same time, if the landlord only needs to repay according to the "all repayments for the current period" shown on the bill every month, this installment is not required. Interest will accrue.

If the poster has any other questions, you can ask.