How much is the interest rate of GF Caizhijin? How much is the monthly interest on a loan of RMB 10,000?

In recent years, as the popularity of credit card consumption has gradually increased, some uses around credit cards have also gradually increased. For example, credit card overdraft installment is a way to transfer the total credit limit in installments, which can solve the cardholder's money shortage problem and reduce the repayment pressure, and only needs to be repaid on time every month. Guangfa Bank has such a product called Caizhijin. Today we will introduce what is the interest rate of Caizhijin and what is the monthly interest on borrowing 10,000 yuan.

1. GF Caizhijin interest collection method Cardholders can apply for installment repayment based on "natural day" or "bill month". 1. Calendar day: Handling fee will be charged every day from the date of successful application (the daily basic handling rate is 0-0.05). You can borrow and repay at any time. You can repay in full or in advance at any time; 2. Billing month: Yes It is divided into 3/6/12/18/24/30/36/48/60 periods, etc., and the principal and interest are repaid every month; the total interest calculation formula = the approved amount × the base interest rate of each period × the number of periods, each period The base interest rate is 0-1.44

2. The interest rate of GF Finance is as shown in the table below. The base interest rate is similar to the credit card bill installment, but it still needs to be determined according to the user's qualifications. If you borrow 10,000 yuan, it will be divided into 12 installments. Then the principal payable per period is 833.33 yuan, and the interest per period is about 75 yuan. If there is an interest rate discount, the minimum monthly interest is only 44 yuan. Is the interest rate of GF Caizhijin high?

The interest rate of GF Caizhijin is related to personal credit conditions. The bank will review the applicant based on his qualifications. In addition, different repayment methods have different interest rate calculation and charging standards:

1. Repay on a natural day

Interest is calculated and charged daily based on 0-0.05 of the remaining principal. Borrowers can apply for early repayment at any time, and there are no fees for early repayment.

2. Repay according to monthly bill

Borrowers can flexibly choose the number of installments, including 3, 6, 12, 18, 24, and 36 installments, with interest The rate is between 0-1.44.

For more information about whether GF Caizhijin has high interest rates, go to: View more content: Is GF Caizhijin cost-effective

Guangfa Caizhijin uses a floating interest rate to calculate interest. Interest is calculated daily, with a maximum interest rate of 0.05/day, and interest is calculated monthly, with a maximum interest rate of 1.44/month. Converting the two into annual interest rates, the former is 18.25 and the latter is 17.28. This interest rate is relatively high among bank credit loan products, but compared with online loan products, GF Caizhijin’s interest rate is still more cost-effective. Is the interest rate of GF Caizhi Financial high? Take you to settle an account

Caizhijin is a credit card cash flow service provided by China Guangfa Bank to eligible cardholders. After successful application, cardholders can transfer to their debit cards to withdraw cash or spend money. , and then repay part of the principal and fees every month. So, is the interest rate of GF Caizhi Financial high? Here we will let you all calculate it and it will be clear.

1. How much is the interest rate of GF Financial Investment? Strictly speaking, GF Caizhijin has no interest, but after successful application, you need to pay a handling fee, which is paid monthly, so you can check the monthly interest. The specific interest rate depends on the number of installments. The base handling rate for each installment of GF Caizhijin is. However, you can enjoy interest discounts based on the number of installments. Some cardholders offer 12 installments of Caizhijincai’s rates. , but everyone has different qualifications and enjoys different interest rate discounts.

2. Is the interest rate of GF Finance high? If you look at the base charge rate per period alone, this interest rate is relatively high. Although the interest rates for credit card cash installments of major banks are mostly around 10%, the rates are much higher than those for bill installments. However, if the discount interest rate is reduced, the interest rate of GF Finance is basically around, which is considered relatively low.

3. How to calculate the interest of GF Caizhijin? After the installment of GF Caizhijin, the principal and handling fee are charged equally in each installment. The calculation formula is as follows: The principal payable in each installment = the amount approved by the bank ÷ the number of installments; the handling fee in each installment = approved by the bank The amount issued × the base handling rate for each period. The above is the relevant introduction to "Is the interest rate of GF Caizhijin high?" I hope it will be helpful to everyone. If you still have questions about the interest rate of GF Caizhijin, you can call the customer service hotline of China Guangfa Bank Credit Card and the customer service will give you a satisfactory answer.