1, ICBC wealth management e-loan
ICBC's personal credit loan can be repaid in installments for up to 3 years, with the lowest annualized interest rate LPR+0.5% during the same period, which will be upgraded monthly. There are several repayment methods, such as equal principal repayment and equal principal and interest repayment.
Assuming that the annual interest rate of the loan is 4.8% and the monthly installment rate is 0.4%, and the principal and interest are repaid equally, the three-year installment interest of the loan is 3786. 13 yuan.
2. Recruit good loans
The loan products of Zhaolian Consumer Finance can be repaid in installments for up to 36 months. The annualized interest rate of the loan is between 7.3% and 23.725%, and several repayment methods such as daily interest calculation and equal principal and interest repayment are applicable.
Assuming that the annual interest rate of the loan is 7.3% and the monthly interest rate is about 0.6%, and the principal and interest are repaid in equal amount, the installment interest of the loan for 50,000 years is 5,826 yuan.
3. Love and rice
The personal loan service platform under the Lexin Group can be paid in installments for up to 3 years, and can bear interest on a daily basis, with a minimum daily interest rate of 0.03%. The repayment method also supports equal principal and interest repayment.
Assuming that the daily interest rate is 0.03% and the monthly interest rate is 0.9% based on the estimation of 30 days a month, and the principal and interest are repaid in equal amount, the installment interest of the 50,000-year loan is 8,759.35 yuan.
The actual charging standard depends on the bank's specifications; First, if you apply for installment repayment, you must pay it off in one lump sum. If you can't pay in installments, there will be loans overdue, which will have an impact on personal credit. You can call the bank customer service hotline to find out.
Second: although the installment repayment of bank credit cards does not generate loan interest, the payment fees are different. Each bank's bank statement has different installment times, and the handling fee rate is different according to the different installment times. The installment repayment fee is 0.6%- 1.5% in most banks, and some banks exceed 10%. Taking the six-phase repayment of 65,438+100000 as an example, the five banks of industry, agriculture, China, construction and postal service charge the least.
Third: the handling fee for each period of the bill is generally the total amount of each period multiplied by the handling fee interest rate for each period. The total installment expenses are amortized on a monthly basis, and the last installment is included in the dividend, as well as the installment amount and handling fee of each installment. There are also banks that charge a one-time fee for installment payment. Repayment by installments is generally beneficial to cardholders who have a relatively large amount and cannot repay in one lump sum for a long period of time, which can prevent the occurrence of compound interest.
The other is: when choosing installment repayment, you need to pay attention to asking the bank, such as how much the credit line of the transaction is and how to calculate and collect the handling fee; Master the preconditions of credit card consumption and the amount of available cash in each period; Master whether the selected installment payment method is free of handling fee, and if not, what is the handling fee interest rate and its calculation method; Customers who choose to swipe their credit cards first and then apply for installment payment in the bank should understand the bank's handling procedures to avoid application failure and confusion in payment plans.