Bank of Communications' credit card installment interest is calculated based on the installment amount you apply for, and is not linked to the number of installments. Specifically: for installment amounts between 500 yuan and 6,500 yuan, the monthly interest rate is 0.72; for installments over 6,500 yuan to 12,500 yuan, the monthly interest rate is 0.70; if you choose the highest 24 installments, each installment The repayment calculation formula is: the total amount of 36,000 yuan divided by 24 periods, plus a 0.68 handling fee for the principal of 36,000 yuan, that is, 1,744.8 yuan needs to be repaid every month.

Compared with bank loans, due to different types and interest calculation methods, it is recommended to consult the Bank of Communications directly for specific interest rates. Credit card installment payment is a consumption method that allows cardholders to repay large purchases in installments. The bank will deduct consumption funds and handling fees in installments, and the cardholder will repay monthly.

It is worth noting that although the one-year credit card installment fee is usually lower than the 18 cash withdrawal interest, it is higher than the 5.31 bank commercial loan interest rate. Although bank loan interest rates have been lowered recently, credit card installment fees and cash withdrawal interest standards have rarely changed. Although the credit card installment fee standards of different banks are different, the calculation principles are generally similar.