A: Industrial Bank's bill installment fee is calculated according to the number of installments, which are divided into six grades: 3, 6, 12, 18, 24 and 36. In addition, it is also divided into one-time payment and installment payment. Then let's look at the handling fee for each installment number. For one-time payment in three installments, the handling fee rate shall not be higher than 3% of the total installment amount, and the converted annualized interest rate shall not be higher than18.18%; The handling fee rate is not higher than 1.0 1%/ period, and the approximate annualized interest rate is not higher than 18.09%. Pay in six installments in one lump sum, with the handling fee rate not higher than 5. 19% of the total installment amount and the converted annualized interest rate not higher than18.24%; The handling fee rate is not higher than 0.89%/ period, and the approximate annualized interest rate is not higher than 18.08%.
Supplementary information:
1. Credit card installment business of Industrial Bank
Automatic installment: The Credit Card Center of Industrial Bank provides eligible cardholders with the service of automatically converting the "accumulated consumption amount" that has been recorded but not spent during the statistical period into installment payment. Conditions for automatic installment: Industrial Bank's credit card must be held for more than 6 months, with no bad credit record and no overdue.
2. Bill installment: Bill installment is also the installment payment service provided by Industrial Bank Credit Card Center for its welfare bills. Conditions for bill installment: anyone with a good credit status and normal card status of Industrial Bank can apply. Fee rate and method of bill installment:
3. Consumption installment: installment payment service provided for consumer transactions that have been booked by credit card holders of Industrial Bank but have not yet been accounted for. Conditions for installment consumption: Only cardholders with normal credit card use, no overdue period and good credit record of Industrial Bank can apply.
Fee rate of consumption installment and number of machine installments: Note: (The fee and number of installments of consumption installment are the same as those of automatic installment and bill installment)
Cash installment: Industrial Bank cardholders can call the bank to handle cash installment business. After inquiring about this cash installment business, the bank will transfer your installment amount to your Industrial Bank savings card. The bank charges a certain fee according to the handling fee rate of cash installment.
Cash installment conditions: Industrial Bank credit card holders use their cards normally and maintain a good credit record;
How to calculate the installment fee of Industrial Bank?
The amount of cash installment that Industrial Bank can apply for should be within the cash limit of my credit card, with a minimum of 2,000 yuan and a maximum of 50,000 yuan. The number of periods is 3, 6, 12, 18, 24 and 36. Although you can choose the method freely, the total amount of one-time and installment fees is the same. If the loan is 10000 yuan and is repaid in installments of 12, the one-time rate is 9.6%, that is, 960 yuan, and the installment fee is 0.8% per month, that is, 9 13.3 yuan (including 80 yuan's fee) needs to be repaid every month, and the one-year fee is in 960 yuan.
And if you want to repay in advance, the one-time fee is non-refundable, and the fees charged by installments should be paid in advance. In addition, if the cash of Industrial Bank is transferred to another bank's savings card by stages, a fee will be incurred for each 20 yuan.
Extended data
Industrial Bank bill installment fee.
Industrial Bank's bill installment fee is calculated according to the number of different installments, which are divided into six grades: 3, 6, 12, 18, 24 and 36. In addition, it is also divided into one-time payment and installment payment. The charging standard of the installment fee rate is as follows:
The installment fee = the total installment principal and installment rate, and the installment fee shall be recorded on the billing date of each installment.
One-time installment fee = the installment fee rate of the total installment principal, which will be recorded in one lump sum on the first billing day after installment.
How to cancel the account by installment and prepay the credit card of Industrial Bank?
If the Industrial Bank credit card holders need to cancel the credit card installment, they need to call the Industrial Bank credit card customer service hotline 9556 1 to apply or handle it on the Industrial Bank credit card online banking or mobile banking. Industrial Bank Credit Card Center reserves the right of examination and approval.
If the Industrial Bank credit card holders want to pay off the installment balance in advance, they need to call the Industrial Bank customer service hotline 9556 1 to apply. The installment transaction that has been repaid successfully in advance cannot be revoked, and the prepayment amount cannot be repaid in installments again.
Provisions on prepayment fee: If it is collected by installments, Industrial Bank will deduct the unpaid principal and the installment fee for the remaining installments at one time; If the fee is charged in one lump sum, the installment fee charged in the previous period will not be refunded.
How much is the installment fee for Xingye, Ping An, Pufa and CITIC credit cards?
Many cardholders will use credit card installment business, and different banks have different installment fee standards. Today, I will introduce the installment fees of Xingye, Ping An, Shanghai Pudong Development Bank and CITIC Credit Card to see which bank is more cost-effective.
First, Industrial Credit Card Installment Fee
1 One-time charge
The handling fee rate for the third period is 2.55%; The handling fee rate for the sixth period is 4.2%; The handling fee rate of 12 is 8.4%; 18 handling fee rate12.6%; The fee rate for the 24th installment is16.8%; The commission rate for the 36th installment is 23.4%.
2. Installment payment
The handling fee rate for the third period is 0.85%; The handling fee rate for the 6th, 6th, 2nd 12, 4th 18 is 0.75%; The handling fee for the 36th installment is 0.72%.
Second, Ping An Credit Card Installment Fee
The specific interest rate bank will make reasonable adjustments according to the cardholder's card usage:
The commission rate of the sixth period is between 0.68% and 0.9%; The commission rate of the ninth issue is between 0.66% and 0.87%; The rate during 12 is between 0.64% and 0.85%; The rate during 18 is between 0.62% and 0.84%; The 24-period handling fee rate is between 0.6% and 0.84%.
The third is the installment fee for Pudong Development Credit Card.
1 One-time charge
The handling fee rate for the third period is 2.64%; The handling fee rate for the sixth period is 4.44%; The handling fee rate of the 9th installment is 6.1%; The handling fee rate of 12 is 8.16%; 15 commission rate10.35%; 18 handling fee rate12.6%; The fee rate for the 24th installment is 16.8%.
2. Installment payment
The handling fee rate for the third period is 0.9%; The handling fee rate for the sixth period is 0.78%; The handling fee rate for the 9th installment is 0.73%; The handling fee rate of 12 is 0.74%; The handling fee rate of 15 is 0.75%; The handling fee for 18 and 24 is 0.76%.
Four. Citic credit card installment fee
1 installment fee1.5%; 0.8% handling fee for Phase III and Phase VI; 0.76% handling fee for the 9th installment; The handling fee for 12 period is 0.73%; The handling fee for 18, 24 and 36 is 0.75%.
The credit card installment fees of the above four major banks are the lowest among CITIC Bank. If you choose to pay the fee in one lump sum, Industrial Bank is also more cost-effective. In addition, credit card installment cardholders can apply by calling the bank's customer service phone, with low threshold and real-time review.
How to calculate the interest of credit card installment payment in Industrial Bank?
Industrial Bank's credit card consumption installment service fee provides two ways: one-time charge and installment charge. The installment fee rate for each installment number is as follows:
The installment fee = the total installment principal and installment rate, and the installment fee shall be recorded on the billing date of each installment.
One-time installment fee = the installment fee rate of the total installment principal, which will be recorded in one lump sum on the first billing day after installment.
Extended data:
How to cancel the account by installment and prepay the credit card of Industrial Bank?
If the Industrial Bank credit card holders need to cancel the credit card installment, they need to call the Industrial Bank credit card customer service hotline 9556 1 to apply or handle it on the Industrial Bank credit card online banking or mobile banking. Industrial Bank Credit Card Center reserves the right of examination and approval.
If the Industrial Bank credit card holders want to pay off the installment balance in advance, they need to call the Industrial Bank customer service hotline 9556 1 to apply. The installment transaction that has been repaid successfully in advance cannot be revoked, and the prepayment amount cannot be repaid in installments again.
Provisions on prepayment fee: If it is collected by installments, Industrial Bank will deduct the unpaid principal and the installment fee for the remaining installments at one time; If the fee is charged in one lump sum, the installment fee charged in the previous period will not be refunded.