Interest on credit card installment payment of Minsheng Bank: 0.82% for the third installment, 0.70% for the sixth installment, 0.67% for the ninth installment, 0.67% for 12 installment, 0.67% for 18 installment and 0.70% for the 24th installment.

Installment interest = total installment interest rate, which needs to be paid off in one lump sum in the first installment, and the repayment principal of each installment = total installments/installments. For example, if you spend 5,000 minutes in June with a credit card, the total repayment amount = 50,004.2%+5,000 = 5210 yuan. If the consumption is 65438+ 100000 yuan in six phases, the calculation method is:100000.7%+10000/6 =1736.66 yuan. The money to be paid in each installment needs to be paid in six installments, and the handling fee of 706 installments = the total handling fee of 420 yuan. The handling fee of Minsheng Credit Card is charged on schedule.

There is no interest on repayment on time after the credit card of Minsheng Bank is used. After using Minsheng credit card, users need to repay on time, otherwise there will be penalty interest. Different cardholders have different repayment dates, and there is a billing date before the repayment date. This accounting date is to let users know the total amount to be returned on the repayment date.

Using Minsheng Credit Card to withdraw cash will charge interest, with a daily interest rate of 0.05%. The interest will be calculated from the withdrawal date of the user until the user pays off all the withdrawal amount. It should be noted here that the cash withdrawal amount must be paid off in one lump sum, and repayment by other means is not allowed.

Using the minimum repayment function of credit card will also charge interest, calculated at the daily interest rate of 0.05%. Moreover, all the consumption in this bill can not enjoy the interest-free period, and interest will be charged from the consumption date until the user pays off the debt. This repayment method should be used with caution in peacetime.

Precautions:

1. Remember to repay before the interest-free repayment period. Many consumers think that the 50-day interest-free repayment period is overdrawn for 55 days, and the bank only needs to pay 5 days of excess interest after deducting the 50-day interest-free repayment period. In fact, if the repayment period is exceeded, the bank will calculate the overdraft interest according to 55 days.

2. Pay attention to the fraction of the balance when repaying, and repay in full. Many consumers don't pay attention to the scores when repaying, and they don't repay in full, which leads to arrears. If there is historical arrears, consumers will no longer enjoy the interest-free repayment period.

Try not to save money on your credit card. Credit card itself is to use personal credit to overdraw consumption, while prepaid cash runs counter to this concept. Consumers need to pay a withdrawal fee when withdrawing money from their credit cards.

4. Don't withdraw cash by credit card. It's best to settle accounts with it. Because you can't enjoy the interest-free repayment period when you withdraw cash by credit card, you have to charge a maximum of five ten thousandths of daily interest from the day of withdrawal, and you have to charge a handling fee, which is also charged at five ten thousandths from that day. If you really need to withdraw cash by credit card, you should pay it off as soon as possible.

How to calculate the minimum repayment amount and interest of Minsheng credit card

The calculation formula is:

Minimum repayment amount = 65,438+000% of the unpaid portion of the minimum repayment amount in the previous period+65,438+000% of the over-limit portion+65,438+000% of the amortized funds+65,438+000% of other outstanding consumer funds and cash advances within the credit line+all other payables.

To repay the minimum repayment amount of the current bill, the cardholder will not enjoy the interest-free repayment period, but also pay the cyclic interest, but still maintain a good credit record.

The minimum repayment amount means that customers have to pay at least so much money, otherwise they will be charged with liquidated damages, and may be collected by banks, leaving a bad record on personal credit.

Extended data:

The credit card of Minsheng Bank is divided into three periods, six periods, nine periods, 12 period, 18 period and 24 periods, and the corresponding installment fee rates are 0.82%, 0.7%, 0.67%, 0.67%, 0.67%, 0.67% and 0.7% respectively.

Credit card handling fee of Minsheng Bank = total installment amount × handling fee rate per installment × number of installments.

China Minsheng Bank-Minimum Repayment

How to calculate the interest on the installment payment of Minsheng Credit Card 30,000 12?

The credit card installment interest rate of Minsheng Bank is 2.6% for the third installment, 4.2% for the sixth installment, 6.3% for the ninth installment, and 7.2% for 12 installment.

Installment interest = total installment interest rate, with the first installment paid in one lump sum.

Installment interest = 30,000/127.2% =180 yuan.

Repayment principal of each installment = total installment/installment.

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

Thirty thousand 12 installments, with total repayment amount =300007.2%+30000=32 160 yuan.

Is the credit card interest of Minsheng Bank high?

The installment interest of Minsheng Bank's credit card is relatively high. The interest rules, overdraft interest rate and standard overdraft interest rate of Minsheng Credit Card are five ten thousandths of the daily interest rate, and the annualized interest rate calculated by simple interest is 18.25%, with compound interest on a monthly basis.

How much is the monthly interest of Minsheng Bank in 30 yuan in ten thousand yuan installments?

The monthly interest rate of 10000 in 30 yuan is = 30/ 100=0.3%, that is to say, if the monthly interest rate of 10000 in 30 yuan is 0.3%, the interest rate is generally expressed as a percentage, so the calculation of the above interest rate needs to be divided by 30/ 10000. If you want to calculate the annual interest, just multiply it by twelve months, then the annual interest =0.3%_ 12=3.6%.

The introduction about the installment interest of Minsheng Credit Card and whether the installment interest of Minsheng Credit Card is high is over. I wonder if you have found the information you need?