The interest rate of credit card installment payment may be different from bank to bank. Take four major behaviors as examples:

I. Industrial and Commercial Bank of China

The interest of ICBC's credit card installment payment is 0.9% for the third installment, 0.8% for the sixth installment, 2.7% for the ninth installment, 3.6% for the 12 installment, 5.4% for the 18 installment and 7.2% for the 24th installment.

Second, China Construction Bank.

If CCB pays by installment, it can be divided into three installments, six installments, 12 installment, 18 installment and 24 installments. Among them, except for the interest of the third installment, the interest of the sixth installment, 12 installment, 18 installment and 24 installment is calculated at 0.6% per installment.

Three. agricultural bank

If the credit card of Agricultural Bank of China is paid in installments, it can be divided into 3 installments, 6 installments, 9 installments, 12 installments and 24 installments. No matter how many credit card installments are made by ABC, the interest is calculated at 0.6% per installment.

4. Bank of China

China Bank's credit card installment payment can be divided into three installments, six installments, nine installments, 12 installment, 18 installment and 24 installment, in which the interest of the third installment is calculated at 1.95%, the interest of the sixth installment is calculated at 3.6%, and the interest of the ninth installment is calculated at1.

There are two ways to repay a loan: equal principal and interest and average capital.

1. Matching principal and interest Matching principal and interest Compared with the average capital, the total repayment interest is more, but the monthly repayment amount is the same, which can reduce the repayment pressure in the early stage. The interest of this loan interest-bearing method is calculated on the basis of the total principal. Although a part of the principal was paid back later, the calculation of interest did not decrease with the decrease of the principal. The calculation formula is as follows: [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]⊙[( 1 interest rate )× repayment months.

2. Although the repayment method in the average capital, the average capital has to pay more money in the early stage, and the overall interest paid is less than the equal principal and interest. Take mortgage as an example. If it is a house, it needs a loan of 200,000 yuan, which will be repaid in 20 years. If the calculation method of average capital is adopted, the interest will be reduced by about 654.38+500,000 yuan. The repayment method of average capital is to calculate interest according to your actual reduced principal, and the monthly repayment amount is reduced, and the principal in the monthly repayment remains unchanged. The specific calculation formula is as follows: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

How much is the interest on credit card installment?

The credit card installment interest rate is determined by the issuing bank according to the credit status of the cardholder. Generally, the monthly interest rate is around 0.75%, which translates into an annual interest rate of 9%. However, the cardholder owed the bank 654.38+0 million only in the first month. With the monthly repayment, the debt is getting less and less, leaving only 833 yuan in the last month. However, the monthly interest rate is still calculated according to the total loan amount, and the real interest rate is much higher than 9%.

Extended data:

For example, the credit card bill 10000 yuan, the monthly interest rate after bank discount is 0.6%, and the annual interest rate is 0.6% 12 = 7.2%, which looks quite cheap. If it is divided into 65,438+02 installments, the monthly principal is 833 yuan, and the interest is 60 yuan, and the monthly principal plus interest.

However, many people ignore the fact that the monthly interest paid by the equal principal and interest repayment method is fixed, while the principal is decreasing every month. For example, the principal of the first month is 10000, and the principal of the second month is 10000-833=9 167.

By analogy, by the end of1February, the principal is 833 yuan, and the interest is 60 yuan. The real interest rate in the last month is 60/833=7.2%, which is many times higher than 0.6 per month.

How much is the interest of credit card installment payment in China Bank?

China Bank charges a certain fee for credit card consumption installment, bill installment and cash installment, and the fee varies with the installment times. The highest service fee standards are: 0.65% for the third phase, 0.60% for the sixth phase, 0.60% for the ninth phase, 0.60% for 12 phase, 0.65% for 18 phase and 0.625% for the 24th phase. Please refer to the specific handling fee shown when handling the business.

The above contents are for your reference. Please refer to the actual business regulations.

How to calculate the installment interest of credit card?

Generally speaking, there is only a handling fee for credit card installment and no interest.

Moreover, different banks have different regulations on credit card installment fees, and different installment numbers have different handling rates. For example, the installment fee of China Merchants Bank's credit card is as follows: 65438+0.0% for the 2nd installment, 0.9% for the 3rd installment, 0.75% for the 6th installment, 0.7% for the 10 installment, 0.66% for the 12 installment and 0.68% for the 24th installment.

If you withdraw cash by credit card, you have to charge interest. In addition, if only the minimum repayment amount is paid, the bank will charge interest. The specific charging method is that the daily interest is calculated at 0.05%. Moreover, if the repayment exceeds the grace period or the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be regarded as overdue and the daily interest will be 0.05%.

Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.

You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).

It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.

Special merchants who hold cards in banks can enjoy preferential treatment.

Accumulate personal credit, add credit records to credit files, and benefit for life.

Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending, and it is best not to withdraw cash, which is very expensive and uneconomical).

Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; Most credit cards pay online without points, but online payment is very convenient and fast.

Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it to electronic statement).

Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.

The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.

400 telephone or 5-digit short number prefixed with "9" provides 24-hour service, and the report of loss takes effect immediately, with zero risk of card loss.

Validity period: It is known that the validity period of domestic credit cards is generally three to five years.

How to calculate the interest on credit card installment?

Credit card installment payment generally has no interest and only charges a handling fee. Whether there are points depends on what you buy in installments. For example, there are generally no points for buying a car and swiping a card in a restaurant or supermarket. In addition, when the bill is divided into installments, banks often have activities to send points.

The following are the installment fee standards of several banks:

1. ICBC credit card installment fee: 3 installments are free, 6 installments 1.8%, 9 installments 2.7%, 12 installments 3.6%, 18 installments 5.85%, and 24 installments 15.6%. (One-time charge)

2. Agricultural Bank of China credit card installment fee: 0.6% per month (charged monthly).

3. China Bank's credit card installment fee: 65438+3 installment 0.95%, 6 installment 3.6%, 9 installment 5.4%, 12 installment 7.5%, 24 installment/1.7% (one-time charge).

4. Installment fee of CCB credit card: 0.7% for the third installment and 0.6% for the sixth installment, 12 installment (charged monthly).

5. Credit card installment fee of CITIC Bank: 1, 1.50%, 3 0.82%, 6 0.82%, 12 0.77% (charged monthly).

6. Installment fee for Pudong Development Credit Card: 0.72% for the third installment, 0.7% for the sixth installment and 0.66% for the 12 installment (charged monthly).

7. Credit card installment fee of China Merchants Bank: 2 1.0%, 3/0.9%, 6/0.75%, 10 0.7%, 12/0.66%, 18/0.68% and 24/0.68%.

8. Bank of Communications credit card installment fee: 0.72% per month (charged monthly).

9. Installment fee of Guangfa Credit Card: 0.65% for the 6th installment 12 installment, 0.7% for the 8th installment/kloc-0 installment, and 0.72% for the 24th installment (charged monthly).

So much for the introduction of credit card installment interest.