With the development of online lending, online lending platforms are becoming more and more mature. For example, as a product of Alipay, Huabai not only has low loan interest, but also lends money quickly. With these, it has been loved by many people once it was launched, but what makes some people wonder is, who has higher interest rate, Huabai or China Merchants Bank Credit Card? Today, in order to help you solve the problems in your life, let's give a simple answer!

Who has higher credit card interest rate, Bai Hua or China Merchants Bank?

1. Calculation method of the installment interest of Huabai: total installment interest = total installment principal × total installment interest rate, and interest payable in each installment = total installment principal × total installment interest rate ÷ number of installments.

2. Calculation method of credit card interest: installment fee = total installment principal × installment fee rate, and total installment fee = installment fee rate × number of installments.

3. Through calculation, it is not difficult to find that if the loan is 1 1,000 yuan and the installment interest rate of Huabai is the third installment interest rate of CCB credit card, then it can be concluded that the total installment interest of Huabai is 1 1,000 * yuan; The interest to be repaid in each period is 25/3= yuan.

5. The total interest of the third installment of the credit card is RMB, 1000* RMB.

6. After calculation, we can see that the interest rate of flower bud installment is a little higher than that of China Merchants Bank's credit card, but if your credit card installment interest rate reaches, the interest rate of flower bud installment is 3 yuan per installment, and the interest rate of credit card installment is RMB, which is more cost-effective.

The above is a detailed answer to the question of who has a higher interest rate, Bai Hua or China Merchants Bank. I hope I can help you solve the problems in your life.