First month: 7000. The remaining part will generate interest of 63000*5/10000*30. In the second month, there will be about 945 interest, and it is compound interest. The minimum repayment amount in the second month is about 7,100 ~ and so on. It is recommended to apply for the bank's installment business, which is more suitable than the minimum monthly repayment, but the interest is fixed. Assuming that the monthly payment is 24 months, the monthly handling fee is approximately: 70000*0.0070=490. The handling fee after two years will be 490. *24=11760 If it is paid off in 12 months, it is 5880. The interest for 24 months is slightly greater than the minimum monthly self-payment amount.

Extended information:

Legal cash-out methods

According to relevant laws and regulations, any act of withdrawing cash from a credit card that is not normal is illegal and malicious. Overdrafts and cash outs will not only result in being placed on the credit blacklist, but will also lead to legal liability. However, due to the complexity of credit card consumption, there are still some legal cash-out situations.

1. Help friends pay with credit card

If you have a friend who wants to buy a large item, you can show your credit card and enjoy special discounts when shopping at designated merchants. Friends have the right to make money, and of course it will not violate the law to swipe their cards for friends.

Comments: The cardholder gets cash, the friend gets a credit card shopping discount, and the bank can also receive the transaction fee from the merchant. This cash-out will not cause losses to anyone. However, it is a pity that there are only a few cases where friends buy large items. If it is an unfamiliar friend and you have to worry about arrears, this method is less practical.

2. Return money for cash

When making a credit card purchase, the bank will charge a certain percentage of handling fees from the merchant. A large merchant will often return the returned money to the consumer's credit card account. , in order to avoid this fee. At the same time, credit card consumption returns need to go through several institutions and several settlement procedures, such as the merchant, acquiring bank, and card issuing bank. This process usually takes 15 to 20 days, which is very inconvenient. Therefore, if consumers require cash returns, they must negotiate with the merchants. Generally, merchants will agree, but they will require consumers to bear the credit card processing fee, which is roughly equivalent to bank cash withdrawal fees.

3. C2C transaction cash out

Through the C2C e-commerce website on the Internet, use your own credit card to directly recharge the registered account on the website and then apply for cash withdrawal, or register multiple accounts Create false transactions to avoid the website's review of the use of recharge funds, ship goods here, confirm receipt there, and finally apply for cash withdrawal.

No matter what, if you want to cash out, you must choose a legal cash out method.