How to calculate the installment fee of Minsheng Bank

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods purchased by the cardholder. (or service) consumption funds, and then allow the cardholder to repay the bank in installments and pay handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

The number of installments that Minsheng Bank cardholders can apply for are 3, 6, 9, 12, 18, and 24 installments. The handling fee will be charged in installments. The handling fee for each installment = the total installment amount × the procedures for each installment. The fee rate is that the principal payable in each installment = the total amount of the installment ÷ the number of installments. The principal and handling fee payable in each installment will be included in each installment of the bill month by month starting from the first billing date after the bill installment application is successful.

For example, if you apply for installment, the handling fee rate for three installments is 0.82; the handling fee rate for six installments is 0.70; the handling fee rate for nine installments is 0.67; the handling fee rate for 12 installments is 0.67; the handling fee rate for 18 installments is 0.67. The handling fee interest rate is 0.67, and the 24-period handling fee interest rate is 0.70.

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How to calculate the installment fee of 10,000 yuan for Minsheng Bank credit card

This It depends on how many installments you have. Different installments have different handling fee charging standards. The specific calculation of the installment handling fee of 10,000 yuan is as follows:

1. The installment is divided into 3 installments, and the handling fee rate is: 0.82;

The installment handling fee = the installment amount, the handling fee rate in installments Number of phases;

100000.823=246 yuan;

A handling fee of 246 yuan is required for 3 phases.

2. The installment is divided into 6 installments, and the handling fee rate is: 0.70;

The installment handling fee = the installment amount, the handling fee rate, the number of installments;

100000.706=420 yuan;

A handling fee of 420 yuan is required for 6 installments.

3. The installment is divided into 9 installments, and the handling fee rate is: 0.67;

The installment handling fee = the installment amount, the handling fee rate, the number of installments;

100000.679=603 yuan;

9 installments require a handling fee of 603 yuan.

4. The installment is divided into 12 installments, and the handling fee rate is: 0.67;

The installment handling fee = the installment amount, the handling fee rate, the number of installments;

100000.6712=804 yuan;

A handling fee of 804 yuan is required for 12 installments.

5. The installment is divided into 18 installments, and the handling fee rate is: 0.67;

The installment handling fee = the installment amount, the handling fee rate, the number of installments;

100000.6718=1206 yuan;

12 installments require a handling fee of 1206 yuan.

6. The installment is divided into 24 installments, and the handling fee rate is: 0.70;

The installment handling fee = the installment amount, the handling fee rate, the number of installments;

100000.7024=1680 yuan;

A handling fee of 1680 yuan is required for 24 installments.

Extended information:

The specific charging standards of Minsheng Bank Credit Card are as follows:

1. Minsheng Bank Credit Card Consumption Installment Fees

Minsheng Bank Credit Card Cardholders can apply for consumption installments and convert any transaction that meets the installment conditions in the current period into a free installment transaction. There is no upper limit on the consumption amount for all periods applied for, making your monthly repayments easier.

Minsheng Bank’s credit card consumption installments include 3, 6, 9, 12, 18 and 24 periods. The corresponding handling fee standard for each period is:

1 . If the consumption amount exceeds 600 yuan, the corresponding installment fee rates are: 0.82, 0.7, 0.67, 0.67. You cannot apply for 18th and 24th installments.

2. When the consumption amount exceeds 5,000 yuan, the corresponding installment fee rates are: 0.82, 0.7, 0.67, 0.67, 0.67, 0.7.

2. Minsheng Bank credit card cash installment fee

If Minsheng Bank credit card holders have small cash needs, they can apply for cash installment, which means that the cardholder uses cash for overdraft and This business is repayable in installments and is targeted at existing customers who meet certain conditions.

Minsheng Bank’s credit card cash installments are available in four installments: 3, 6, 9, and 12. Cardholders can choose according to their needs.

The cash installment fee rate is also determined by the number of installments. The rates for each installment corresponding to the above number of installments are 0.90, 0.75, 0.75 and 0.75.

China Minsheng Bank_Service Fee Charging Standard

How to calculate the interest fee for Minsheng Bank’s credit card installment payment?

1. Credit card installment payment interest

Credit card installment payment generally does not require interest, but only charges handling fees. It is recommended that credit card holders who want to make installment plans should first call the bank’s credit card customer service staff to consult. Since credit card installment purchases are different from others, in order to protect your wallet, it is better to have a detailed understanding.

2. Credit card installment fee

Minsheng credit card installment is divided into: 3 issues, 6 issues, 9 issues, 12 issues, 18 issues, 24 issues, the fee rate for each issue is Different, the 3rd period is 0.82, the 6th period is 0.70, the 9th period is 0.67, the 12th period is 0.67, the 18th period is 0.67, and the 24th period is 0.70.

If you spend 10,000 yuan in 6 installments, the calculation method is: 100000.7 10000/6=1736.66 yuan. The amount you need to pay in each installment is ***6 installments required, and the handling fee is 706 Period = total handling fee of 420 yuan. Minsheng credit card processing fees are charged on a regular basis.

After the credit card installment, you can go to the bank counter to repay on time, repay via mobile banking, or bind a third-party payment software to repay, as long as you repay before the repayment date. Currently, there are three forms of credit card installment plans, namely cash installment, bill installment, and consumption installment.

Card holders bring their ID card and credit card to a bank branch, apply to the staff for credit card installment repayment, fill in the application form, and then handle it with their help.

Cardholders can call the customer service hotline of the credit card center of the issuing bank at 400-669-5568. After the call is connected, they will be transferred to manual service, and then apply to the staff to apply for credit card installment repayment business, and then provide their ID cards. No., credit card, and can be processed after identity verification.

Cardholders can log in to the official website of the credit card center of the issuing bank, log in to their personal online banking account, then find the credit card installment repayment option on the homepage of the credit card center, click to enter and follow the prompts.

If I borrow 20,000 yuan with a Minsheng Bank credit card and I want to pay it in installments, what are the number of installments and the interest rate? How can the handling fee be reduced?

1. The Minsheng Bank credit card installment and handling fee rates for each period are as follows: 3 periods, 0.82; 6 periods, 0.70; 9 periods, 12 periods, and 18 periods, all are 0.67, and 24 periods, 0.70. The principal payable in each installment = the total amount of the installment ÷ the number of installments. The principal and handling fee payable in each installment will be included in each installment of the bill month by month starting from the first bill date after the bill installment application is successful. 2. If you pay in 3 installments, you should pay back 10000/3 100000.82=3333.33 82=3415.33 yuan in each installment; if you pay in 6 installments, you should pay back 10000/6 100000.70=1666.67 70=1736.67 yuan in each installment; if you pay in 12 installments, You should repay 10000/12 100000.67=833.33 67=900.33 yuan in each period; if you divide it into 24 installments, you should repay 10000/24 ??100000.70=416.67 70=486.66 yuan in each period; and so on for other periods.

How much interest does Minsheng Bank have for an installment of 10,000 yuan, 30 yuan per month?

10,000 yuan, 30 yuan per month interest, monthly interest rate = 30/100,000 = 0.3, that is to say If the interest rate is 30 yuan per month for 10,000 yuan, the monthly interest rate is 0.3. The interest rate is generally expressed in percentage, so the calculation of the interest rate above requires dividing 30/10,000 by 100. If you want to calculate the annual interest, you only need to multiply by twelve months, so the annual interest = 0.3_12 = 3.6

Introduction to Minsheng Bank's credit card installment fee and is the Minsheng Bank credit card installment fee high? That’s it. Did you find the information you need?