1. How to calculate the installment fee of credit card transactions in HSBC?
HSBC provides cardholders with a variety of installment numbers, including 3 installments, 6 installments, 1 installments, 12 installments, 18 installments and 24 installments, and the corresponding benchmark handling fee rates for each installment are 1.%, .75%, .7%, .65%, .65% and .6% respectively. Installment amount payable in each installment = installment principal payable in each installment+installment fee in each installment. Among them, the principal payable by installment = the total amount of installment principal ÷ the number of installments, and the principal payable by each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the remainder is credited to the last installment. Handling fee for each installment = total installment principal × handling fee rate for each installment corresponding to the number of installments. Once the handling fee is collected, it will not be refunded.
2. how to repay the loan after the credit card of HSBC handles the transaction installment?
after you successfully handle the installment, the installment amount will be included in the bill from the latest installment after installment, and the handling fee of each installment will be recorded at the same time as the installment amount, and will be included in the minimum repayment amount. If the cardholder fails to fully repay the remaining amount of the current bill on time after successful handling, it will be deemed as not fully repaid, and the current bill will not enjoy the interest-free repayment period for consumer transactions. If the cardholder who has successfully handled the installment business still has extra money after repaying the current accounts payable by the credit card on time, the money will not pay off the principal and handling fee payable by the next installment in advance.
3. Can the credit card of HSBC repay the loan in advance after transaction installment?
if you want to pay off the outstanding installment payment in advance for the successful installment business, you must call the customer service hotline of HSBC to apply. After the application is approved, you must pay off the outstanding installment payment and the remaining unpaid handling fee in one lump sum, and the collected installment handling fee will not be refunded.