China Merchants Bank credit card installment of 9000 yuan 12: installment fee =9000×0.66%=59.4 yuan. Principal payable per installment =9000/ 12=750 yuan. The total repayment amount of each installment is 809.4 yuan.
China Merchants Bank credit card is interest-free by installment, but there is a handling fee. China Merchants Bank's credit card installment 12 handling fee rate is 0.66%. Handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded.
service charge
Credit card installment payment refers to the process that when the cardholder uses the 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. In the early days of credit card installment business, banks often advertised under the banner of "interest-free", and many citizens were really fooled. In fact, interest-free is not free, just a different name.
Generally speaking, the handling fee of credit card installment 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 in recent years, the loan interest rate of commercial banks has been lowered many times, but the standard of credit card installment fee and cash withdrawal interest has rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.
Suppose the installment amount is 1.200 yuan, divided into 12 installments, and each installment (month) repays 1.000 yuan, and the handling fee is 0.6%/ month, and the actual monthly deduction is100+1.200× 0. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. But the cardholder did not always owe the bank 1.200 yuan. In the last month, he actually only owed the bank 1 1,000 yuan, but the bank still charged the handling fee according to 1, 200 yuan.
According to the calculation, the actual annual interest rate that the cardholder has to pay is about 15.48%. According to the correct calculation formula, it should be12000.6% (1+0.6%)12/(1+0.6%)121) =/.
Can China Merchants Bank credit card be divided into 12 interest-free installments?
If you use China Merchants Bank credit card, Apple Zone: At present, the online mall link enters the Apple Zone, and only you can enjoy the discount of 0 interest and 0 handling fee. You can also download our handheld life client, enter the Apple area of the handheld mall, and enjoy interest-free and fee-free installment.
Buy apples in twelve installments with China Merchants Bank's credit card, with no interest. Can you repay all the remaining eleven installments in advance next month? Is there a handling fee?
Buying apples 12 installments with China Merchants Bank credit card is interest-free. Can the remaining 1 1 installments be returned in advance to next month? If you use China Merchants Bank credit card to buy Apple 12 installment interest-free, if you have funds next month, it is entirely possible to return the remaining 1 1 installment in advance. Since it is interest-free, there is no interest and no handling fee.
So much for the interest-free introduction of China Merchants Bank Credit Card 12.