The general statement is that it is divided into 12 periods, and the rate for each period is 0.61%.

My opinion is that for example, if you borrow 1,200 yuan, the repayment in each period is: principal 1,200/12=100 + handling fee 1,200*0.0061=7.32, totaling 107.32 yuan.

Based on equal principal and interest repayments, for a one-year loan of 1,200 yuan, the annual interest rate is around 13.25%, and the monthly repayment is 107.32 yuan.

Extension: 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 The process of repaying the loan in installments to the bank and paying handling fees. The bank will deduct consumption funds and handling fees in installments from the cardholder's credit card account based on the cardholder's application.