Everyone knows that interest-free cash installment is not free. After many cardholders successfully apply for Pudong Cash Installment, in addition to paying back part of the principal in each installment, the cardholder also has to pay part of the installment fee. Many cardholders are still concerned about the rate issue. After all, this is the money that they really have to repay. So, how to calculate the PDB cash installment fee? Let’s find out together.

It is reported that the cash installment limit of Pudong Development Credit Card is determined by the credit card limit. It can only be processed within the available limit. Cardholders can withdraw corresponding funds to their own name within the available limit of the credit card according to their own needs. Use debit cards for consumption or cash withdrawals. Debit cards include Shanghai Pudong Development Bank debit cards and debit cards from other banks under your name.

The installment fee of Pudong Development Bank Credit Card is divided into two types: one-time fee and installment fee. According to the number of installments selected by the cardholder, Pudong Development Bank implements different fee rate charging standards:

In 3 installments, the one-time charge rate is 2.90%, and the installment rate is 2.97%;

In 6 installments, the one-time charge rate is 5.03%, and the installment rate is 5.23%;

In 12 installments, the one-time charge rate is 8.93%, and the installment rate is 9.57%;

In 24 installments, the one-time charge rate is 16.89%, and the installment rate is 18.98%;

In 36 installments, the one-time charge rate is 24.92%, and the installment rate is 29.35%.

The calculation formula for Shanghai Pudong Development Bank’s credit card cash installment fee is: total fee = total installment amount * installment interest rate * number of installments

Summary: Pudong Development Bank’s cash installment business has no interest. To put it bluntly, there is only a handling fee rate, which will vary depending on the number of installments.