ICBC's credit card installment payment fee calculation is relatively simple. If you need to repay 3, yuan in 24 installments, and the handling fee rate of each installment is 15.6%, then the total handling fee is 3, yuan multiplied by 15.6%, which is 4,68 yuan. This handling fee will be deducted in one lump sum in the first installment. The repayment amount of the first installment will include the principal and the handling fee. The calculation formula is 3, yuan divided by 24 installments plus the handling fee, that is, 3,/24+4,68, which is equal to 5,93 yuan. After that, the repayment for each installment is 3, yuan divided by 24 installments, which is 1,25 yuan.
ICBC's credit card installment offers a variety of installment options, including 3 months, 6 months, 9 months, 12 months, 18 months and 24 months, and the handling fee is charged once at the beginning of installment. Moreover, the use condition of the staging function is that a single consumption must reach above 6 yuan. When installment payment is used, the total installment amount plus the handling fee cannot exceed the available credit card amount, and each installment repayment is regarded as consumption in the current month and enjoys an interest-free repayment period.
it should be noted that if you apply for installment through the 95588 service, you should do so within three working days from the day after the consumption is credited to the due repayment date. The installment deduction date is the same as the first installment. If the number of repayment months is less than the first installment, the deduction of the current month will be made on the last day of the current month. If there is an installment, you can apply for an extension, but it is limited to the amount that has not been deducted. The extension fee is the same as the installment fee. There is no need to pay the prepayment fee for prepayment.
The above information comes from the credit card billing installment service of China Industrial and Commercial Bank of China and the credit card information of ICBC in Baidu Encyclopedia.