Mr. Zhao, a Xiaocai netizen, said: "Recently, I have been bombarded by several banks in turn. Every once in a while, I will be congratulated for obtaining the credit card installment privilege or the privilege of spending hundreds of thousands of loans. The advertising language is related to escorting holiday expenses or decoration, education, travel, car purchase, etc. according to the different push time."
Xiaocai understands that in the past, credit card installment mainly included bill installment and single expense installment, and banks often charged different handling fees according to the number of installments. Whether it is bill installment or single expense installment, the premise is to generate spending behavior first, and then the user will set the credit loan to be repaid in installments. Since then, the cash installment business of lending first and then spending has earned more attention.
At present, some banks have also launched the installment business of high booking expenses. The loan amount of this service can be several times higher than the original daily overdraft limit of users, but the validity period of a single appointment is often short. In addition, some banks mainly promote large-scale loans with pure credit and no mortgage, and the repayment time is relatively free.
the maximum annualized rate criterion is 16%
On the official website of many banks, the installment business appears on the current home page or the home page of the credit card channel. Although the scale can't be compared with the scale of public loans of hundreds of millions of yuan, the installment business is one of the businesses that banks are closest to the so-called "profiteering", and its cost performance is quite high for banks.
Xiaocai takes a credit card installment business with a total amount of 12, yuan as an example. According to the time limit of installment, banks charge different fees. A person familiar with the matter said, "If it is preferred to stage for more than 12 months, the handling fee will be charged at .66% per month; If it is only divided into two phases, the handling fee will be charged at 1% per month. " Based on this calculation, the total expenses for handling fees in 12-month installments are 12,× .66 %× 12 = 95.4 yuan; The total handling fee for two-month installment is 12,× 1 %× 2 = 24 yuan. On the surface, the annualized rate of the above charging criteria is between 8% and 12%, but in fact, the bank's rate of return is far more than that.