How to calculate the interest/handling fee for installment payment of ICBC's credit card?

Credit cards not only have the function of interest-free overdraft consumption, but also can be paid in installments to ease the repayment pressure of cardholders. However, installment payment is not without free lunch, but there are interest/handling fees. Today, I would like to introduce to you how to calculate the interest/handling fee for installment payment of ICBC credit cards.

As long as your spending amount or bill amount is greater than or equal to 6 yuan or equivalent foreign currency, the main cardholder with ICBC credit card can apply for installment payment.

, the interest/handling fee rate of ICBC's credit card installment payment is as follows:

The rate standard of installment payment in 3 installments, 6 installments, 9 installments, 12 installments, 18 installments and more than 24 installments is ICBC's benchmark reference value. When different cardholders apply for credit card installment payment, the bank will make appropriate adjustments according to the customer's credit conditions, and everything will be subject to the audit results.

how to calculate the interest/handling fee for installment payment of ICBC credit card? It can be calculated according to the following formula:

ICBC credit card installment interest/handling fee = total installment amount, rate and number of installments

For example, if the order amount of card friend Xiaobai is 2 yuan when he buys electrical appliances, he chooses to let the salesperson directly pay for ICBC credit card installment, and chooses to pay off six installments, so the installment rate audited by the bank is, and the total interest/handling fee that card friend Xiaobai asks for is 2 yuan; The interest/handling fee for each period is: 75/6= RMB.

how to calculate the interest/handling fee for installment payment of ICBC credit card? Through the above introduction, everyone should know how to calculate it. The key lies in the rate set by the bank. Compared with other bank credit card installment rates, ICBC is more cost-effective.

how to calculate the interest of ICBC's credit card installment payment

ICBC does not charge interest if it pays the installment payment in full according to the bill on time, but only charges a handling fee. At present, the lowest fees for installment of consumption and bill are:

2.25% for the 3rd installment, 4.2% for the 6th installment, 6.3% for the 9th installment, 7.2% for the 12th installment, 11.25% for the 18th installment, 14.88% for the 24th installment and 22.32% for the 36th installment.

Tips:

1. There will be differences in different regions and different credit card products, and there will also be marketing activities at different times, so the rate will also change. Please refer to the actual rate displayed by the system when processing.

2. you can log in to mobile banking and handle the installment business through the function of "credit card-installment/bill installment". During the operation, the system will display the handling fee collection method and interest rate and automatically calculate the handling fee you need to pay.

(Answer time: January 18th, 222. In case of business changes, please take the actual situation as the standard. )

how to calculate the overdraft interest of ICBC's credit card?

Reasons for overdraft interest on credit cards:

1. Credit card: consumers enjoy an interest-free repayment period, and if they fail to repay in full before the due repayment date (inclusive), interest will be charged at the rate of .5% per day for the unpaid part from the bookkeeping date, and the interest will be compounded monthly until it is paid off. If the minimum repayment amount is not paid before the due repayment date, liquidated damages will be charged; Overdraft withdrawal and transfer do not enjoy interest-free repayment period.

2. quasi-credit card: interest-free repayment period is not enjoyed, and simple interest is charged at .5% per day from the bookkeeping date.

Tips:

1. Some credit cards of ICBC enjoy a grace period for repayment. If they are not repaid in full before the due grace period, interest will be charged on all overdrafts;

2. The interest is calculated to the day before the billing date and reflected in the next bill. Please repay it in time.

(Answer time: April 22, 222. In case of business changes, please take the actual situation as the standard. )

How is ICBC's credit card interest calculated?

Nowadays, many young people pay by credit card when shopping. If they don't pay back after the expiration, they will generate corresponding interest. Because the credit card is a credit loan, it is unsecured, and it is a card issued by the bank to the cardholder based on his credit, so it has an interest-free period. If you haven't repaid the loan after the deadline, you need to pay interest. How is the interest on ICBC's credit card calculated?

calculation method of ICBC's credit card interest

ICBC is the first in the country to cancel the provision of full interest for partial repayment of credit cards. If you don't repay in full before the repayment date, the part you have repaid will still enjoy interest-free. ICBC will only charge interest at the rate of 5/1, per day for your unpaid overdraft consumption. So if you don't make repayment when ICBC's credit card expires, the interest on the unpaid part will be calculated by 5/1. For example, if your overdraft limit is 1, yuan, you need to pay 5 yuan to ICBC every day.

Harm of overdue credit cards

As mentioned above, there is no interest on repayment of credit cards before they expire, so this netizen asked about the calculation method of interest on credit cards, which means that his credit cards are overdue. The following small series will talk about the dangers of overdue credit cards, hoping to play a certain warning role for you. First, there will be a late payment fee, which is also a lot, which will increase the repayment burden of cardholders, second, it will reduce the credit card limit, and the third bank will pay special attention to you. If you still fail to repay next time, it will freeze your credit card forcibly.

Summary

Therefore, you must repay the loan on time after using the credit card, and don't let the credit card expire. Xiao Bian also hopes that when you use credit cards, you should also control your shopping desires, buy what you should buy, and don't buy too much for some luxury goods.

What is the meaning of ICBC's credit card overdraft interest and how to calculate it

Many card friends leave messages asking what the credit card overdraft interest is and how to calculate it. Today, taking ICBC credit card as an example, let's talk about what the overdraft interest of ICBC credit card means and how to calculate this interest.

to know what the overdraft interest of ICBC's credit card means, let's first understand what the overdraft interest of credit card is.

Credit card overdraft interest: refers to the fact that the fixed amount in the credit card is used up, and the credit card continues to be used for consumption. The part that exceeds the fixed amount of the credit card is overdrawn, and overdraft will generate interest. The charging standards for credit card overdraft interest vary from bank to bank.

Then, how to calculate the overdraft interest of ICBC's credit card is as follows:

1. Cash overdraft: that is, when the credit card limit is exhausted, cash is withdrawn, and the interest is charged as .5 ‰ of the principal every day. For example, the monthly compound interest is 2, yuan, and the interest on the first day is 2, yuan. If this month is 3 days, the interest for this month is 3 yuan. Next month's interest is calculated according to the principal of 23 yuan, and this cycle.

2. Credit card overdraft: After the credit card limit is used up, credit card consumption will continue, and overdraft interest will be calculated from the bookkeeping date to the actual repayment date, and the interest will be charged on a daily basis.

That's enough about "what is the meaning of overdraft interest on ICBC credit cards". I hope I can give some help to all cardholders. In the credit card column, click

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What's the daily interest on my ICBC credit card overdraft of 1, yuan

The daily interest depends not only on your loan interest rate, but also on the amount of your loan. If you borrow 1, yuan, the daily interest will be 1,× 8.35% ÷ 36 = 2.32 yuan. Interest = principal x interest rate x time.

1. Calculation formula of loan interest rate

(1) The interest rate conversion formula for RMB business is (note: general deposit and loan):

1. Daily interest rate (/)= annual interest rate (%)÷36= monthly interest rate (‰)÷3

2.

1. Accumulate the account balance daily according to the actual number of days, and calculate the interest by multiplying the accumulated product by the daily interest rate. The interest calculation formula is:

interest = cumulative interest product × daily interest rate, where cumulative interest product = total daily balance.

2. Transaction-by-transaction interest calculation method calculates interest one by one according to the predetermined interest calculation formula: interest = principal × interest rate× loan term, with three details:

If the interest calculation period is a whole year (month), the interest calculation formula is:

① Interest = principal × years (months) × years (months) interest rate

The interest calculation period has a whole year (months). The interest calculation formula is:

② Interest = principal × years (months) × years (months) interest rate principal × odd days × daily interest rate

At the same time, the bank can choose to convert the interest calculation period into actual days to calculate interest, that is, every year is 365 days (366 days in leap year), and every month is the actual days in the Gregorian calendar of that month. The interest calculation formula is:

③ Interest. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.

(3) compound interest: compound interest means adding interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest according to the time agreed in the contract, it will be charged with compound interest.

(4) penalty interest: if the lender fails to repay the bank loan within the prescribed time limit, the penalty interest that the bank will pay to the non-defaulting person according to the contract signed with the parties is called bank penalty interest.

(5) liquidated damages in loans overdue: the nature is the same as the penalty interest, and it is a punitive measure for the breaching party.

(VI) Formulation and filing of interest-bearing methods

Rules for interest calculation and settlement and interest-bearing methods for deposit and loan business formulated by national commercial banks as legal persons are reported to the head office of China People's Bank for filing and informing customers; Regional commercial banks and urban credit cooperatives as legal persons shall report to the branches of the People's Bank of China and the central branches of provincial capitals for the record and inform customers; The legal person of the county rural credit cooperatives can formulate the rules of calculation and settlement of interest and the interest calculation method of deposit and loan business according to the actual situation of the rural credit cooperatives in the county, and report it to the branch of the People's Bank of China and the central branch of the provincial capital for the record, and the legal person of the rural credit cooperatives will inform the customers.

This is the end of the introduction on how to calculate the interest of ICBC credit cards and how much the interest of ICBC cards is. Did you find the information you need?