Many card friends don't have enough credit cards, so they can apply for special installment products of the bank, such as CCB installment pass, which can meet the consumption needs of high-quality customers in wedding, parenting and other consumer fields. However, there is also a charge for installment, and the cost depends on the amount and number of installments. Then, how to calculate the monthly interest of CCB installment10.5 million 60 installments?

How to calculate the monthly interest of CCB installment150,000 60 installments?

The installment payment of CCB is actually a large-scale special installment line with credit card as the carrier, and it is also a kind of credit card installment business, but the independent existence of the line and credit card line does not affect each other. Credit card installment does not require interest, that is, interest-free is not free, and a certain handling fee is paid every month after processing. The interest rate is related to the number of installments.

China Construction Bank can choose phases 6, 12, 18, 24, 36, 48 and 60. No matter which installment number is selected, the monthly handling fee is the actual rate, which is subject to the page displayed at the time of application. The calculation formula of the handling fee for each installment after the cardholder handles the installment is: the amount of handling fee payable for each installment = the actual installment amount × the monthly handling fee rate.

For example, if CCB wants to pass150,000 installments, the repayment principal and handling fee of each installment are as follows.

1. Repayment principal of each installment: the installment principal is150,000 yuan, divided into 60 installments, and the installment principal is150,000/60 = 2,500 yuan;

2. Repayment fee for each installment: installment principal is 6,543.8+0.5 million yuan, and monthly repayment fee for each installment is 6,543.8+0.5 million yuan *.

It should be reminded that no matter how many installments have been repaid, the installment fee of CCB is calculated according to the principal10.5 million yuan. Even in the last installment, 750 yuan's fee will still be repaid. In this way, the installment fee is still quite high. After handling, you need to swipe your card through the installment card, even if you don't swipe your card.

The above is the introduction of "How to calculate the monthly interest of 60 installments150,000". I suggest you decide whether to use installment payment according to your own needs. Don't regret it if it is handled successfully. Although you can repay in advance, you have to pay liquidated damages.