After choosing the installment business, you don’t know how much you should repay in each installment. This is a problem that many cardholders will encounter. You can say it is difficult. It’s just a few numbers, but you just can’t figure it out. Today, for Give an example and it will be clear!

Instalment handling fee for credit card installment interest of Shanghai Pudong Development Bank (one installment per month): divided into 6 installments, the handling rate for each installment is equal to the entire principal, divided into 12 installments, and the handling rate for each installment is equal to the entire principal. The deposit is divided into 15 installments, and the handling rate for each installment is divided into 18 installments for the entire principal. The handling rate for each installment is divided into 24 installments for the entire principal. The handling rate for each installment is equal to the entire principal. Cardholders can terminate the installment payment that has been successfully applied for in advance, but they must pay the remaining principal and handling fees for each installment in one go. The amount of each consumption in the previous period's statement is the interest-bearing principal. The number of interest-bearing days is from the date the account is recorded to the date the account is paid off. The daily interest rate of 5/10,000 is the expected annualized interest rate. . Interest on the revolving credit will be shown on your next bill.

Example of interest calculation for Pudong Development Credit Card Installment: Mr. Zhang’s bill date is the 10th of each month and April 10th. The current bill printed by the bank for Mr. Zhang includes his period from March 11th to April 10th. For all transaction accounts between them, Mr. Zhang only made one purchase in this month's bill cycle - March 30, the consumption amount was RMB 1,000; Mr. Zhang's current bill prints "Amount payable in this period" as RMB 1,000 , the "minimum repayment amount" is 100 yuan; under different repayment situations, Mr. Zhang's recurring interest is: (1) If Mr. Zhang repays 1,000 yuan in full on May 5, then on May 10 Revolving interest in the statement = 0 yuan (2) If Mr. Zhang only repaid the minimum repayment amount of 100 yuan on May 5, and the 100 yuan was repaid on May 1, then the recurring interest on the statement on May 10 = yuan is calculated specifically as follows: 1,000 yuan X X 32 days (March 30--April 30) (1,000 yuan-100 yuan) X It is said that the standard of each bank's credit card installment payment fee is generally determined by the number of installments and the amount of the installment. Most banks charge the full installment handling fee in the first installment, ranging from tens to hundreds. Each subsequent installment will be paid based on the total amount divided by the corresponding number of installments. Typical examples include China Merchants Bank, ICBC, and Bank of China; Some banks, such as Agricultural Bank of China, China Construction Bank and Bank of Communications, charge handling fees based on the installment balance multiplied by the corresponding rate. Be sure to calculate again~