Take the credit card of Guangfa Bank as an example:

According to Article 3 of the Bill Installment Agreement

1. The principal payable in each installment of the bill = total principal in each installment ÷ number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month. If the total amount of installment principal cannot be divided, the remaining part shall be recorded in the last installment; If any amortization amount is overdue, the bank will charge the cardholder liquidated damages and revolving credit interest in accordance with relevant laws and regulations. ?

2. The billing installment fee is divided into monthly apportionment and one-time collection. The billing installment fee depends on the credit status of the cardholder and the comprehensive service cost provided by the bank for the cardholder.

If the bill is shared monthly, the cost shared by each bill month = total installment principal × installment rate; If it is a one-time charge, the one-time charge is equal to the total installment principal × the rate of each installment × the number of installments.

Extended data:

Relevant clauses of bill installment agreement

1. After the cardholder successfully handles the bill installment, if the cardholder fails to fully repay the remaining bill amount except the bill installment amount in the current period, it will be regarded as insufficient repayment, and even after the customer applies for bill installment, it will still generate circulating credit interest or liquidated damages. ?

2. If the cardholder who has successfully handled the bill installment business still has extra money after repaying the credit card due in the current period on schedule, the money will be regarded as his own deposit, and the subsequent installments will not be paid off in advance. ?

3. The cardholder understands and agrees that after applying for bill installment business, the bank has the right to examine and decide whether the amount of bill installment business occupies the consumption quota according to the cardholder's card usage. At the same time, during the installment period, the bank has the right to release the installment amount occupying the consumption quota in advance according to the risk of customers using the card.

Baidu encyclopedia-credit card installment payment

China guangfa bank-bill installment agreement