How to calculate the handling fee for CCB credit card installment?

The installment handling fee is charged on a monthly basis. The handling rate is different depending on the number of periods applied for.

CCB credit card installments can be divided into 3, 6, 10, 12, 18, and 24 installments; the monthly basic handling rates are divided into 0.75%, 0.7%, 0.65%, and 0.6 %, 0.6%, 0.62%.

The handling fee for each installment = the total principal amount of the installment × the monthly handling rate, which will be recorded and collected on each billing date after the installment.

Take an installment of 10,000 yuan as an example. The handling fee is 75 yuan per installment in 3 installments, totaling 225 yuan. The handling fee is 70 yuan in 6 installments, totaling 420 yuan. Based on this By analogy, it is divided into 24 installments with a handling fee of 62 yuan each, totaling 1,488 yuan.

China Construction Bank, a deputy ministerial-level unit, is a large state-owned bank managed by the central government. It was established on October 1, 1954. Its head office is located at No. 25 Financial Street, Beijing.

China Construction Bank’s main business areas include corporate banking, personal banking and treasury services. It has branches and subsidiaries in more than 20 countries and regions, and owns funds, leasing, trusts, life insurance, financial services, etc. subsidiaries in various industries such as insurance.

On February 9, 2022, Forbes released the list of the top 50 global blockchain companies in 2022, and China Construction Bank was on the list.

Company Profile

China Construction Bank Co., Ltd. is a leading large-scale commercial bank in China, headquartered in Beijing. Its predecessor, China Construction Bank, was established in October 1954. The bank was listed on the Hong Kong Stock Exchange in October 2005 (stock code 939) and on the Shanghai Stock Exchange in September 2007 (stock code 601939). The bank's market capitalization at the end of 2019 was approximately US$217.686 billion, ranking fifth among listed banks in the world. The group ranks second among global banks in terms of Tier 1 capital.

As of 2020, the bank provides customers with comprehensive financial services such as personal banking, corporate banking, investment and financial management. It has 14,912 branches and 347,156 employees, serving hundreds of millions of individual and corporate customers. . It has subsidiaries in many industries such as funds, leasing, trusts, insurance, futures, pensions, and investment banks. Its overseas institutions cover 30 countries and regions, and it has more than 200 overseas institutions at all levels.

Branch offices

China Construction Bank has branches outside mainland China in Hong Kong, Singapore, Germany (Frankfurt), South Africa (Johannesburg), Japan (Tokyo, Osaka), South Korea (Seoul), There are overseas branches in the United States (New York), Vietnam (Ho Chi Minh City), Australia (Sydney, Melbourne), Luxembourg, and Taiwan (Taipei), and in Hong Kong, China, the United Kingdom (London), Russia (Moscow), the United Arab Emirates (Dubai), and Luxembourg It has a wholly-owned subsidiary.

How to calculate the installment fee for CCB credit card?

There is the following situation: Bill installment: The bill installment rate is 0.75% for 3 installments, 0.70% for 6 installments, 0.65% for 10 installments, and 12 installments. 0.60% for the period, 0.60% for the 18th period, and 0.62% for the 24th period. Monthly handling fee = monthly rate for total installment amount. Cash installment: The cash installment rate is 0.81% for 3 installments, 0.75% for 6 installments, 0.75% for 12 installments, 0.75% for 18 installments, and 0.75% for 24 installments. Monthly handling fee = monthly rate for total installment amount. If the current repayment amount listed on the bill is paid in full before the due payment date, the customer can enjoy interest-free treatment for the principal repayment of the current month's installment.

Car purchase installment: The car purchase installment fee can be charged in one go or in installments, and will be reflected in the first month's bill after the transaction. Cardholder handling fee = installment amount × cardholder handling fee. The handling rates will vary depending on the dealer or car model selected by the customer. After the application is successful, the customer only needs to repay the current repayment amount listed in the bill in full before the due repayment date, and the principal repayment in the current month's installment can enjoy interest-free treatment. Consumption installment: The handling rate for consumption installment is divided into 0.70% for 3 installments, 0.60% for 6 installments, 0.6% for 10 installments, 0.60% for 12 installments, 0.60% for 18 installments, and 0.60% for 24 installments according to the number of periods applied by the customer. Handling fee per period = handling fee for the amount of installments corresponding to the number of periods.

1. CCB’s interest-free repayment period: The interest-free repayment period refers to the interest-free period for consumer transactions that cardholders who repay in full on time enjoy. The interest-free period is recorded by the bank. From the account date to the repayment date, the minimum is 20 days and the maximum is 50 days. Overdraft cash withdrawal transactions do not enjoy the interest-free repayment period. If you do not repay in full before the due payment date, you will not enjoy the interest-free period. China Construction Bank will charge interest at a daily rate of 5/10,000 and compound interest on a monthly basis. The interest accrual date is from the date of consumption to the repayment date, and the interest accrual principal is calculated based on the actual amount payable. If you fail to repay before the due payment date or the repayment amount is less than the minimum repayment amount, China Construction Bank will not only charge interest according to regulations, but also charge a late payment fee of 5% of the unpaid portion of the minimum repayment amount.

2. Calculation example: Assume that your bill date is the 17th of a certain month, and the due payment date (taking 30 days in a month as an example) is the 17th of the next month (if the month has 31 days) , it will be the 16th of the next month, and the big and small months are calculated accordingly). If you spend 10,000 yuan on April 15th, and the consumption amount is credited to your account on that day, the bank accounting date will be April 15th, because your bill date is April 17th, and the payment is due on April 17th. The payment date is 20 days after the bill date, which is May 7, and the longest interest-free period for this consumption is 23 days; if you spend 10,000 yuan on April 18, and the consumption amount is recorded in your account on the same day account, the bank accounting date is April 18th. Since the consumption payment should be issued on the billing date of May 17th, there are 50 days before the due date of repayment on June 6th, so the longest consumption period is The interest-free period is 50 days.

How to calculate CCB credit card bill installments? Please tell me!

As of September 2019, the installment rate of CCB credit card is:

The rate for 3rd period is 0.7%, and the 6th, 10th, 12th, 18th and 24th periods are all 0.7%. 0.6%.

The above is the benchmark reference price. CCB has the right to fluctuate up or down based on market conditions and customer qualifications. The specific price shall be subject to notification when the customer applies.

The installment amount is the principal rate + principal/number of periods.

Explanation of installment calculation reference

Mr. Wang’s bill date is the 17th. He purchased a home appliance worth 3,600 yuan on October 8, 2006. On the third day after swiping his card, Three days later (October 11), I called CCB to apply for consumption installment. The number of installments is 12.

The 12-month installment fee rate chosen by Mr. Wang is 0.60%, so the monthly repayment amount is: 3,600×0.60%+3,600÷12=21.6+300=321.6 yuan, that is, Mr. Wang only needs to pay monthly Return 321.6 yuan without paying other fees.

Extended information

The minimum application amount for CCB credit card is RMB 300 to apply.

The bill installment period is from the day after the bill date to the day before the due repayment date. The cardholder applies to our bank for a certain amount of RMB consumption in the bill to be repaid in installments.

The minimum application amount is RMB 300, and the maximum amount does not exceed 90% of the unpaid portion of the total RMB consumption amount in the issued bill (excluding cash withdrawals, installment payments and other transactions specified by our bank).

China Construction Bank - Credit Card Channel - Introduction and Process of Consumer Installment Business

Hexun.com - Analysis of Credit Card Installment: Teach you how to calculate the real interest rate of the installment

It’s fun to overdraft on a credit card, but when the repayment day comes, there will always be people with sad faces and shouting that they need to spend money. If you cannot pay off your China Construction Bank credit card bill in full, the bill installment function can save you. How much is the installment fee for China Construction Bank's credit card? Let me calculate it for you.

Construction Bank bill installment is generally a business that can be chosen by cardholders to ease the repayment pressure from the time the bill is issued to the last day of repayment.

The minimum application amount is 300 yuan, and the maximum amount cannot exceed 90% of the bill amount;

In other words, if the total amount of your bill is 2,000 yuan, then you The bill installment that can be applied for cannot exceed 1,800 yuan.

Construction Bank credit card holders can apply for installment through a variety of methods: mobile banking, WeChat, SMS, online banking, smart teller machines, self-service equipment (cash machines, deposit and withdrawal machines, inquiry machines), banks Branches, customer service telephone numbers, etc.

So, how much is the installment fee for China Construction Bank’s credit card?

According to the number of installments, the handling fee rate is different:

The handling fee for each period (month) of 3 installments and 18 installments = the total amount of installments, the handling fee rate, The actual amount recorded in each period shall prevail.

Suppose that the total bill amount of the current period is 20,000 yuan. He is unable to repay the bill in full and chooses bill installment. He applies for the maximum credit card installment amount of 18,000 yuan and decides to pay it off in 6 monthly installments.

Xiaobai’s monthly repayment situation is as follows:

The repayment amount on the repayment date of the current month’s installment: the total repayment amount during the period – the total bill installment amount, that is, 20,000-18,000 =2,000 yuan;

In the next 6 months, the total amount payable on the monthly bill date is: principal + handling fee: 18,000/6+18,000 yuan;

The total handling fee is : 756 yuan.

The above is the standard for charging installment handling fees for China Construction Bank credit cards. The larger the installment amount, the higher the handling fee. Once the installment application is successful, the installment amount and the number of installments cannot be changed. In addition, the installment amount must be paid in advance. The payment will not save the handling fee.

CCB Credit Card Installment Fees

CCB Credit Card Installment Fees are generally determined based on the number of consumption installments. The current consumption installment options include 3, 6, 10, 12, 18, and 24 installments. The handling fees corresponding to the specific installments are 0.75%, 0.7%, 0.65%, 0.6%, 0.6%, 0.62%.

The formula for calculating the installment handling fee of China Construction Bank’s credit card is as follows: monthly handling fee = handling rate for the total installment amount.

The CCB credit card has merchant installment business, that is, you can directly ask the merchant for installment when paying for something. However, this kind of installment can only be carried out at the merchants cooperated by CCB. Although there is no need to apply for additional, but The range of choices is relatively small. It is better to directly choose bill installment payment after swiping the card to pay the bill.

Construction Bank credit card bill installment refers to the period from the day after the bill date to the final repayment date. The cardholder applies to China Construction Bank for a certain amount of RMB consumption on the bill to be repaid in installments (can only be applied for once in 30 days). ). The minimum application amount is RMB 500, and the maximum amount does not exceed 90% of the total RMB consumption amount in the issued bill (excluding cash withdrawals, installment payments and other transactions specified by China Construction Bank).

There are no restrictions on consumption types for CCB credit card bill installments. All credit card purchases can be applied for in one package. The optional installments include 3, 6, 12, 18, 24 and other installments. After applying for bill installment, the first installment principal and handling fee will be credited to the next month's bill, which is equivalent to enjoying a longer interest-free period.

The method for applying for bill installment with CCB credit card is as follows:

(1) Apply for bill installment on WeChat: Follow the "China Construction Bank" public account, bind the credit card, and click "Credit Card" in sequence -"Bill Installment"-"Click here to apply for installment".

(2) Apply for bill installment by text message: Use the mobile phone number reserved at China Construction Bank to edit the text message "CCZZ#last 4 digits#amount#number of installments" and send it to 95533.

(3) Apply for bill installment through mobile banking: Enter "CCB Mobile Banking" and click "Credit Card" - "Bill Installment Application".

(4) Online application for bill installment: Personal online banking users please click to apply for bill installment and select "Credit Card Inquiry - Select - Query Issued Bills - Apply for Bill Installment". Registered users of the credit card channel please click Apply for Bill Installment and select "- Bill Issued - RMB - Apply for Bill Installment".

(5) Apply for bill installment by phone: Call China Construction Bank customer service hotline: 400-820-0588. You can operate by yourself according to the language prompts, or you can transfer to manual customer service to apply.

How to calculate the installment fee for CCB credit card? A complete list of three types of installment fee

As one of the four major state-owned banks, China Construction Bank has a relatively low threshold for applying for a card, and the application is also convenient and fast. Applying for CCB I also have many friends with credit cards. Today I will introduce to you CCB credit card installment: consumption installment, bill installment, cash installment, and how to calculate the handling fees for the three major installment businesses.

Instalment handling fee for CCB credit card consumption

CCB credit card holders can apply to the bank to repay the consumption amount in installments 2 days after the first payment is received. Just pay a certain handling fee.

Handling fees are charged based on the number of installments and different rates. The details are as follows:

3 installments: 6 installments: 12 installments: 18 installments: 24 installments : Rate: Handling fee per period = Handling rate for the number of installments corresponding to the installment amount.

CCB credit card bill installment handling fee

Bill installment refers to the period from the day after the bill date to the last day of repayment. The cardholder applies to the bank for installment of a certain amount of RMB consumption that has been issued on the bill. repay. The minimum application amount is RMB 300, and the maximum amount cannot exceed 90% of the total RMB consumption amount in the issued bill. Handling fees are charged based on the number of installments and different rates. The details are as follows:

3 installments: 6 installments: 12 installments: 18 installments: 24 installments : Rate monthly handling fee = total installment amount Handling rate will be recorded and charged on each billing date after the installment. When handling bill installments from April 1 to June 30, 2017, you can enjoy a 20% discount on the handling fee.

CCB credit card cash installment service fee

CCB credit card cash installment business and bank cash credit business allow you to flexibly use your credit card to withdraw cash. Handling fees are charged based on the number of installments and different rates. The details are as follows:

3 installments: 6 installments: 12 installments: 18 installments: 24 installments : Rate monthly handling fee = total installment amount Handling rate will be recorded and charged on each billing date after the installment.

That’s it for the introduction to CCB’s credit card installment payment fees.