For the "wealth management fund" business, customers can also choose to use the natural day as the installment method, and the handling fee is calculated according to the remaining unpaid principal, and the rate is equivalent to 0%-0.05% per day.
Extended data:
It is inevitable to prepay by credit card installment.
Although installment payment reduces the pressure of one-time payment, consumers need to pay a certain percentage of handling fees. Moreover, it should be noted that even if the repayment is made in advance, the handling fee cannot be reduced, and even if the repayment is chosen, the handling fee will still be paid.
At present, the converted annual interest rate is generally around 8%, which exceeds the current benchmark interest rate of bank loans and is calculated at the installment fee rate of 0.6%-0.7% for most banks.
According to industry insiders, the choice of zero-interest credit card installment business needs to consider its own actual situation. The situation of "one-time payment pressure reduction" brought by it is suitable for people with temporary tight liquidity, but the pressure of increasing the total repayment burden cannot be ignored. For low-income consumers, excessive use of credit card installment business can easily make them "card slaves."
China guangfa bank-announcement-announcement on adjusting the charging standard of credit card installment prepayment.
People's Daily Online-It is inevitable that credit cards will be repaid in advance by installments.