Bank of Communications credit card installment interest is determined according to your installment amount, regardless of the number of installments. For example:

1, above 500 yuan, 0.72% per month;

2, more than 6500 yuan, 0.70% per month;

3.12,500 yuan, with a monthly interest rate of 0.68%.

Staging can only be divided into 24 periods at most.

If the payment is made in 24 installments, each installment = 36,000/24+installment fee 36,000 * 0.68% =1.744.8 yuan.

Compared with bank loans, due to different loan types and interest calculation, it is recommended to consult the relevant banks for detailed charging standards.

1. Credit card installment refers to the process that when a cardholder uses a credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee.

According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

2. The general credit card installment fee 1 year is lower than the annual cash withdrawal interest 18% and higher than the bank commercial loan interest 1 year 5.3 1%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standards of credit card installment fees and cash withdrawal interest have rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.

References:

Baidu encyclopedia: credit card installment payment