The calculation method of credit card handling fee is: transaction amount × installment handling rate × number of installments.

The handling rates for different periods are also different and should be based on the standards of each bank. For example, if you spend 6,000 yuan in 3 installments, and the handling fee for the 3 installments is 1.95%, then the installment handling fee for each installment is 39 yuan, and the monthly repayment amount is 2,117 yuan. Divided into 6 installments, the handling fee for the 6 installments is 3.6%, so the installment handling fee for each installment is 36 yuan.

I believe that many people will receive enthusiastic text messages or even phone calls from banks after using their credit cards to remind users that they can use the installment repayment service. The reason given by the bank is that installment has many benefits, such as extending the repayment period of the credit card, reducing short-term financial pressure, avoiding overdue credit cards, etc.

But in fact, the bank cannot afford to pay early if it is not profitable. It is obviously not well-intentioned to so enthusiastically suggest that users choose to repay in installments. So what are the benefits of credit card installment repayment for banks? In fact, it is very simple. Users' installment repayment can bring revenue to the bank, but if the user repays in full before the final repayment date, the bank will not make any money from the user. dime.

Interest refers to the remuneration that currency holders (creditors) receive from borrowers (debtors) for lending currency or monetary capital. Including interest on deposits, loans and various bonds. Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.

Definition:

1. Money other than principal received from deposits and loans (different from ‘principal’).

2. Interest (interest), in abstract terms, refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. To put it less abstractly, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for the use of borrowed currency or capital. Also called sub-gold, the symmetry of the parent fund (principal). The formula for calculating interest is: Interest = Principal × Interest Rate × Deposit Term (that is, time).

Interest is the remuneration received by the owner of the funds for lending the funds. It comes from a part of the profits generated by the producers using the funds to perform operational functions. It refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. The calculation formula is: interest = principal × interest rate × deposit period x 100%

3. Classification of bank interest< /p>

According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.