Guangfa Credit Card Billing Installment Fee:

Installment fee = total installment amount * installment fee rate * 12=840.

Cost per period =840/ 12=70.

Principal payable in each installment = total installment amount/installment number = 10000/ 12=833.33.

Total installment payable in each period =833.33+70=903.33?

Fee rate of Guangfa Credit Card bill installment: the bill installment can be divided into 6 installments, 12 installment, 18 installment and 24 installment, and the fee rate of each installment corresponding to the number of installments is 0.70%, 0.70%, 0.72% and 0.72% respectively.

Extended data:

China guangfa bank credit card installment fee-shopping mall installment

There are many stages of the credit card of Guangfa Bank in shopping malls, including 3, 6, 12, 18, 24, 30, 36, 48 and 60. The number of installments that the cardholder can apply for each time and the applicable handling fee rate shall be subject to the cooperation agreement between the bank and the shopping mall, which shall be approved by the bank and finally confirmed with the cardholder.

If the fee is charged on a monthly basis, the fee for each billing month is equal to the total amount of installment principal x the rate ÷ the number of installments, and the rate is equivalent to 0%-1%for each installment; If it is a one-time charge, the handling fee = total installment principal x handling fee rate (handling fee rate is equivalent to 0%- 1% per installment).

China guangfa bank-credit card installment payment