The installments that can be processed for up to 36 installments with CCB credit cards are all large-value special installments, such as car purchase installments, housing installments, etc., and the rates of such installments vary according to different cooperative merchants, generally in The POS slip for swiping the card will clearly list the amount of handling fees charged by the bank. Under normal circumstances, the rate for 36 installments is around 12.

For example, if a loan of 100,000 is divided into 36 installments, the handling fee is 12. , then the principal of each installment = 100000/36 = 2777.77 yuan, and the total *** handling fee for 36 periods = 100000*12 = 12000 yuan.

Loan interest

refers to the remuneration that the lender receives from the borrower for issuing monetary funds. It is also the price that the borrower must pay for using the funds. Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. When determining the interest rate of a loan contract with a bank or other financial institution as the lender, the parties can only negotiate within the upper and lower limits of the interest rate stipulated by the People's Bank of China. If the loan interest rate is high, the borrower's repayment amount will increase after the loan period, otherwise, it will decrease. There are three major factors that determine loan interest: loan amount, loan term, and loan interest rate.

Loan interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000 )=annual interest rate ()÷360=monthly interest rate (‰)÷30

2. Monthly interest rate (‰)=annual interest rate ()÷12

(2) Banks can use Interest is calculated using the accumulative interest calculation method and the tick-by-item interest calculation method.

1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:

Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.

2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:

The interest calculation period is the entire For years (months), the interest calculation formula is:

①Interest = principal × number of years (months) × interest rate per year (months)

The interest calculation period has a full year (months) ) If there are fractional days, the interest calculation formula is:

②Interest = principal × number of years (months) × annual (months) interest rate principal × number of fractional days × daily interest rate

At the same time, the bank can choose to calculate interest by converting all interest calculation periods into actual days, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:

③ Interest = principal × actual number of days × daily interest rate