bill installment refers to the installment of the current bill to reduce the repayment pressure. After the installment, a handling fee will be charged, and the handling fee rate charged by different banks will be different. Take the five major banks (Bank of China, Agricultural Bank, Industrial and Commercial Bank of China, Bank of Communications and China Construction Bank) as an example, China Bank can be divided into three installments, with a handling fee rate of 1.95%, six installments and a handling fee rate of 3.6% and nine installments.
The Agricultural Bank of China can choose 3, 6, 9, 12 and 24 installments and charge them monthly, with the same handling fee rate of .6% for each installment;
ICBC can be divided into three periods, with the handling fee rate of 1.65%, six periods, three periods of 3.6%, twelve periods of 5.4%, eighteen periods of 7.2%, 24 periods of 11.7% and 15.6%.
Bank of Communications can choose to charge in three installments, six installments, 12 installments and 24 installments, which are also charged on a monthly basis, and the handling fee rate is the same, charging .72% for each installment;
China Construction Bank can be divided into three phases, with the commission rate of .75%, 6 phases, .7%, 1 phases, .65%, 12 phases, .6%, 18 phases, .6%, 24 phases and .62%.
The above interest rates are for reference only, and the details shall be subject to the bank regulations; Choosing the minimum repayment and bill installment is not overdue and will not be recorded in the credit report. If these two repayment methods are unbearable, it is recommended to borrow money from relatives and friends, otherwise the consequences of overdue bank cards will be more serious, and the most important thing is that personal credit is damaged, which will lead to the inability to handle various credit businesses of banks in the future.