How much you need to repay each month depends on the specific situation. For example, the interest of Jianshe's credit card of 20,000 yuan in 24 installments is that the handling fee for each installment is equal to: (principal) 20,000 * (handling rate) 0.6 = the principal and interest for each installment is: 120 yuan; 24 installments should be repaid in each installment The principal is = (principal) 20,000/(number of installments) 24 = (principal per installment) 833.33 yuan. The amount to be repaid in each installment of 24 installments is = the principal to be repaid in each installment (833.33 ) Handling fee for each period (120) = (principal and interest) 953.33 yuan. The monthly processing fee for building a credit card is: 0.70 for 3 periods; 0.60 for 6 periods; 0.60 for 10 periods; 0.60 for 12 periods; 0.60 for 18 periods; 0.60 for 24 periods.

Interest rates of different loan channels

1. Credit card cash installment or cash out: Friends who hold credit cards often think of using their credit cards to borrow or cash out. Let’s talk about cash out first. , it is brushed out using some methods, and it requires a handling fee. Ten thousand yuan is about 60 to 80 yuan. In addition, if calculated based on the installment interest rate, it is at least 10 or more.

2. Mortgage loan: The interest rate of bank mortgage loan is now based on local policies and bank policies. It is basically between 6 and 8, but it also needs to meet the requirements of collateral and payment. There are various procedures to go through, which is relatively troublesome.

3. Bank credit loans: Many banks now also provide various mobile phone credit loans, with annual interest rates ranging from 8 to 14, which will vary slightly depending on the product attributes. In addition, According to some repayment methods, the interest is about 15.

4. Small loan companies: There are already many loan companies on the market with extremely low thresholds. They only need to provide basic personal information to provide loans ranging from thousands to hundreds of thousands. , a low threshold means that the interest will be very high, and the interest plus various handling fees will basically be around 24.

5. Small loan platforms: For example, formal and reliable platforms such as Jiebei, Jingdong Gold Bar, Weilidai and Wandadai all calculate interest on a daily basis, and the daily interest rate is about 0.05 , the annual interest rate is about 18. There are also some mobile phone loan platforms with even higher interest rates, most of which are around 36. The annual interest rate of some illegal online loans can even be as high as 200.