Bank of Communications credit card installment repayment interest is determined based on the amount of your installment and has nothing to do with the number of installments. For example:

1. Above 500 yuan, 0.72 per month;

2. Above 6,500 yuan, 0.70 per month;

3. Above 12,500 yuan, per month 0.68 per month.

The maximum number of installments is 24.

If you pay in 24 installments, the repayment in each installment = 36,000/24 ??installments, the handling fee is 36,000*0.68=1,744.8 yuan.

Compared with bank loans, because the loan types and interest calculations are different, it is recommended to consult the relevant bank for detailed charging standards.

1. Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to pay The process of repaying the loan in installments to the bank and paying handling fees.

The bank will deduct the consumption funds and handling fees in installments from the cardholder's credit card account based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

2. Generally, the 1-year credit card installment fee is lower than the 18-year cash withdrawal interest and higher than the 1-year bank commercial loan interest of 5.31. It is worth mentioning that commercial bank loan interest rates have been reduced several times since last year, but the standards for credit card installment fees and cash withdrawal interest have rarely changed. Although the standards for credit card installment fees vary from bank to bank, the calculation method is roughly the same.

Reference: Baidu Encyclopedia: Credit Card Installment