If the minimum repayment amount given by the bank (generally 65438+ 00% of the total consumption) is paid, a good credit record can be maintained. According to the regulations of most banks, the interest on the total consumption is charged at the daily interest rate of 0.5 ‰ from the date when the consumption is recorded, and the compound interest is calculated monthly. At present, only a few banks calculate interest according to the remaining amount after repayment.
Installment repayment is interest-free, but a handling fee is required, and the handling fee rate of different banks varies greatly. Most banks charge fees for installment payment according to the length of the term, such as 3, 6, 12, etc. The longer the general term, the higher the handling fee standard. There are two ways to charge the bank. One is to charge an average monthly fee. The other is a one-time charge when paying the down payment.
In short, which repayment method is more cost-effective, depends on the repayment amount, the length of time and the bank's policy.