With the increasing use of credit cards, credit card installment business is often used by many cardholders, but the calculation method of installment fee is different for each bank. So how to calculate the installment fee of Guangfa Bank's credit card?

How to calculate the credit card installment fee of Guangfa Bank?

Guangfa Credit Card offers six issues, 12, 18 and 24 for cardholders to choose from, and the corresponding handling fees are 0.7%, 0.7%, 0.72% and 0.72% respectively. Cardholders can flexibly choose the number of installment repayment periods according to their own funds, and they can enjoy the corresponding interest-free repayment period only by paying the ultra-low handling fee.

In addition, the installment fee for credit card bills of Guangfa Bank is divided into monthly apportionment and one-time collection. If the fee is charged by monthly billing, the fee charged by monthly billing = total installment principal, rate and number of installments. If it is a one-time charge, the one-time charge = the total installment principal rate.