Relatively high, Bank of Communications loan interest is not fixed, depending on the number and amount of installments applied by users. According to the official announcement, Bank of Communications enjoys a loan of 654.38+0.00 million, divided into 654.38+02 installments, with a monthly interest rate of 0.72%, so the monthly handling fee is 654.38+00000× 0.72% = 72 yuan. This interest rate is relatively high in many banks' credit card installment interest. Users who need to apply can consider their own economic situation before making a decision. The interest of Bank of Communications' good loan is quite high in other consumer loans of the bank, but the main controversy is that as long as you choose the starting amount, it will be automatically phased over this starting amount, and then interest will inevitably be charged, and the prepayment will not be reduced. Credit card 10000 yuan, the rate of the first installment 12 is 0.72%, and the monthly processing fee in 72 yuan is 72 12=864 yuan. There are two main standards for Bank of Communications to enjoy loan interest according to consumption purposes, as follows:

Credit card installment interest

Bank of Communications credit card installment interest is determined according to your installment amount, regardless of the number of installments. For example:

1, above 500 yuan, 0.72% per month;

2, more than 6500 yuan, 0.70% per month;

3.12,500 yuan, with a monthly interest rate of 0.68%.

Staging can only be divided into 24 periods at most.

If it is divided into 24 installments, the repayment per installment = 36,000/24 installment fee of 360,000.68% =1744.8 yuan.

Compared with bank loans, due to different loan types and interest calculation, it is recommended to consult the relevant banks for detailed charging standards.

1. Credit card installment refers to the process that when a cardholder uses a credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee.

According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

2. The general credit card installment fee 1 year is lower than the annual cash withdrawal interest 18% and higher than the bank commercial loan interest 1 year 5.3 1%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standards of credit card installment fees and cash withdrawal interest have rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.