The handling fee for 24 installments of Bank of Communications is 0.72 per installment, and the monthly repayment for 24 installments of 15,000 yuan is 733 yuan. The specific calculation is as follows:
15000*0.72=108 yuan, the monthly handling fee is 108 yuan
15000/24=625 yuan, the monthly principal is 625 yuan
625 108=733 yuan, the monthly repayment It is 733 yuan
Extended information
Bank of Communications Credit Card is a credit brand product jointly launched by Bank of Communications and HSBC. Its user positioning is "a group of people who are interested in life and career." People who are ideal, have pursuits, know how to enjoy, are more willing to struggle, and sometimes have the need to study, do business, research or travel abroad.
1. Installment payment
Instalment payment with Bank of Communications credit card. Payment is provided to Pacific Dual Currency Credit Card, Liu Xiang VISA Credit Card, Y-POWER Credit Card, Pacific RMB Credit Card, and various co-branded credit card principal cardholders and supplementary cardholders;
The starting amounts of Bank of Communications credit cards are respectively It is: RMB 1,500/USD 100; (Y-POWER card RMB 500/USD 60)
Optional number of periods: you can freely choose between 3, 6, 9, 12 and 18 periods , 24 installments;
The credit card consumption installment limit of Bank of Communications will be released in installments after repayment.
Charge standard:
Instalment amount (RMB) Installment procedures. Rate
Starting from July 15, 2011, Bank of Communications’ “split it if you want” bill installment fee will be adjusted to 0.72/month for cardholders who have successfully paid before July 15, 2011. For "split what you want" bill installments, the handling rate will still be based on the original rate.
2. Late payment fee
If the payment is due on the due date, the actual payment will be made. If the amount is lower than the minimum repayment amount, the proportion of late payment fees for the unpaid portion of the minimum repayment amount is uniformly stipulated by the People's Bank of China, which is 5 yuan for RMB accounts and RMB 10 for U.S. dollar accounts. Minimum charge is US$1 (except for designated card types)