Anyone who wants to apply for a loan from a bank will know the loan interest of the bank before deciding whether to apply. So what's the mortgage interest rate of CITIC Bank? How should I calculate it? Let's take a closer look.

what is the mortgage interest rate of citic bank

1. the interest rate of short-term loans within one year (including one year) is 4.35%

2. the interest rate of medium-and long-term loans for one to five years (including five years) is 4.75%

the interest rate of loans for more than five years is 4.9%

3.

In fact, CITIC Bank does not charge interest on credit card loans, or even management fees. However, this loan is not free, because there is a handling fee for the credit card loan of CITIC Bank, but the handling fee rate is very low, only .85% per month.

the calculation method of credit card loan fee of citic bank is:

monthly fee = total loan amount X.85%

total repayment amount (monthly) = principal/installment+monthly fee

total fee (total) = total loan amount x installment repayment amount X.85%

according to the monthly fee collection rate of .85%, if the loan is borrowed, The expenses to be repaid are:

monthly fee: 1, * .85% = 85

total repayment amount (monthly) = principal/number of installments+monthly fee = 1,/12+85 = 918.33

total fee (total) = 1,. Compared with the expected annualized interest rate of 18% for credit card withdrawal, the credit card loan rate of CITIC Bank is lower.