Credit card cash installment is only provided to the main cardholder (except personal cards such as easy loan and official business), with an initial amount of 65,438+000 yuan, which is up to 50% of the total credit card and does not exceed 200,000 yuan.

After the cash installment application is successful, the total amount of the credit card will be occupied, and the available amount will be restored according to the repayment situation of each installment.

24 installments at most, with 5,000 yuan divided into 24 installments, each installment is 5,000/24 = 208.3 yuan. Total handling fee 5000*0.6%=83 yuan.

Extended data:

Comparison of installment fees of some banks:

In three phases, the cheapest handling fee is ICBC, with a monthly fee of 0.55%, and the most expensive is Bank of Communications, with a monthly fee of 0.93%; Divided into six phases, the cheapest handling fees are ICBC, BOC and ABC, all of which are 0.60% per month, and the most expensive are Bank of Communications and China CITIC Bank, which are 0.80% per month; 12 installment, ICBC, China Bank, China Construction Bank and Agricultural Bank have the cheapest handling fees, with 0.60% per month, while Industrial Bank has the most expensive handling fees, with 0.75% per month.

To sum up, the installment fees of state-owned banks such as ICBC are more cost-effective, while some commercial banks are relatively expensive.

Industrial and Commercial Bank of China-Intelligent Services-Credit Card Cash Installment (On Demand) Limit

Phoenix. Counting the installment fees of all banks: which bank has the lowest installment fee for credit cards?