How is interest calculated for CCB credit card installment payment?

The CCB bill installment rate is as shown in the figure:

Suppose you apply for the installment of a bill of 8,000 yuan, divided into 12 installments

The principal of each installment = 8000/12= 666.66 yuan.

Handling fee per period = 80000.48% = 38.4 yuan/period,

Amount payable in each installment = 666.6638.4 = 705.66 yuan,

12 periods The total installment *** handling fee = 38.412 = 460.8 yuan

Before the due date of the current period's bill, you only need to pay back the uninstalled portion. The principal and handling fee of the first installment are the settlement In the next month's bill

This is just a simple demonstration of CCB's installment calculation method. The host still needs to apply for calculation based on his actual situation.

How much is the installment interest of China Construction Bank's credit card?

Installation mainly charges handling fees. The handling fees of each bank are different. You need to know the handling rate to calculate it. Take CCB as an example: If divided into 12 installments, the rate is 0.6% per installment:

The principal of each installment = 30,000/12 = 2,500 yuan.

The handling fee for each period = 300000.6% = 180 yuan,

The total *** handling fee for 12 periods = 18012 = 2160 yuan,

Each installment should be Repayment amount = 2500180 = 2680 yuan

Handling fee = installment principal and handling rate for each installment.

After the cardholder successfully handles a single installment, the corresponding credit card limit will be occupied, and the occupied limit will be restored phase by phase with the repayment of each installment until the last installment or all installment balances are paid off in advance.

For a single installment amount that has been successfully processed, the cardholder cannot apply for another installment and choose the lowest repayment method for repayment. If the cardholder fails to repay the remaining balance of the current period's bill on time after the application is successful, or the amount that should be amortized in any installment during the installment period is not fully repaid, it will be regarded as incomplete repayment, and interest or late payment fees will accrue.

:

1. Is it risk control if the credit card does not provide installment payment?

There is indeed the possibility of being risk controlled by the bank if the credit card does not provide installments, but it is not necessarily the case. It may just be because the customer has not met the installment requirements, such as:

1. The customer is not present Apply for installment within the specified time: For example, if a customer applies for bill installment, he or she needs to apply after the payment is made and before the repayment date. When the repayment date is reached, there is generally no way to apply again; If it is consumption installment, you usually need to apply for it after the consumption is recorded and before the billing date. The billing installment is applied after the billing date.

2. The applied installment amount does not meet the requirements of the card-issuing bank: Banks have requirements for the installment amount of credit cards. Many stipulate that the minimum installment amount cannot be less than 500 yuan, so if the customer’s consumption is less than If it is 500 yuan, then this consumption cannot be applied for installment. Also, China Construction Bank stipulates that the bill installment amount shall not exceed 90% of the total consumption amount in the issued bill, so if the customer wants to installment the entire card bill amount, it cannot be processed.

2. The best solution to credit card risk control:

Users should proactively contact the card-issuing bank to inquire about the reasons for credit card risk control; then solve the problem under the guidance of customer service; After the problem is resolved, the user can apply to restore the card to its normal status; after receiving the application, the card-issuing bank will re-examine the card. When the card meets the conditions for releasing the risk control, the card will be released from the risk control status. Therefore, after a credit card is subject to risk control, users should proactively contact the bank instead of waiting for the bank to automatically lift the risk control.

What is the installment interest of CCB credit card?

CCB Credit Card Installment Interest: The specific number of installments is the choice of 3.6.12.24. The handling fee rate for three periods is .0.7% (seven percent) per month, and the handling fee for 12 periods is 0.62% (sixty-two percent).

Types include: Long Card, prestigious school card, business card, long card, car card, etc. The categories of credit cards are divided into: regular gold card and platinum card. CCB Credit Card Installment Interest in 2021 CCB Credit Card, whether it is swiping the card to withdraw cash or pay in installments, the interest is calculated using the revolving credit interest method.

The calculation formula for CCB credit card installment repayment interest is: (minimum repayment amount of current consumption amount) 005 (actual repayment date due repayment date) If the full amount is still paid before the repayment date or on the same day If you have a loan, you can enjoy a 50-day interest-free period. If you repay the minimum repayment amount, there is no interest-free repayment period and you will also have to pay interest. Interest is calculated from the day the credit card is overdrawn, with a daily interest rate of 0.5%, and compound interest is charged monthly until you pay off the loan.

Extended information is as follows:

The application conditions and procedures for installment car purchase with China Construction Bank credit card are as follows:

The car purchase installment provided by China Construction Bank for Longka Credit Card Payment business means that when the cardholder agrees to pay the down payment (the down payment is the net vehicle price minus the approved amount), he or she applies to CCB to use its Long Card credit card (excluding commercial cards, student cards, supplementary cards and guaranteed cards, etc. For other cards), after CCB approves the purchase of a family car from a designated dealer of CCB, the actual installment amount will be divided into several equal installments, and the cardholder will repay the loan monthly within the agreed period and pay a certain handling fee. High-quality customers of CCB can apply with only their ID cards. Other customers, depending on their qualifications, need to provide proof of work, income, or assets before they can apply. In special circumstances, CCB has the right to require customers to handle vehicle mortgage and other guarantee procedures based on business needs.

That’s it for the introduction of how to calculate CCB credit card installment interest.