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How to calculate the installment repayment fee of ICBC's love sports credit card
ICBC Love Sports Card is a credit card product launched by Industrial and Commercial Bank of China at the 2nd Summer Youth Olympic Games. This product is provided by ICBC Love Money Sports Card. What is its charging standard? Come and have a look with me!

How does ICBC love sports card to handle installment repayment?

When ICBC designated merchants to spend by credit card, they directly put forward the option of installment payment to the sales staff; To apply to the bank for credit card installment before the payment date, you can call customer service (95588) and go to the bank outlet to handle it. Online banking, mobile banking, short messages, etc.

Installment repayment fee of ICBC Sports Credit Card:

Once the cardholder of ICBC Easy Card has completed the installment application, the total installment amount and installment number cannot be changed, and the handling fee must be charged according to the following standards (assuming the installment amount is 10000 yuan):

Phase III: the handling fee rate is 1.65%, totaling 165 yuan;

Sixth installment: the handling fee rate is 3.6%, totaling 360 yuan;

Ninth installment: the rate is 5.4%, and the total handling fee is 540 yuan;

Phase 12: the handling fee rate is 7.2%, and the total handling fee is 720 yuan;

18 installment payment: commission rate 1 1.7%, total payment 1 170 yuan;

24 issues: the handling fee rate is 15.6%, totaling 1560 yuan.

The larger the installment amount of ICBC Love Sports Card and the longer the installment period, the higher the expenses that the cardholder needs to bear. Therefore, when liquidity is badly needed, you can't use the installment repayment function at will, so as not to pay more fees!