The difference between the minimum repayment amount and installment payment mainly lies in:

1. Different fees:

Bai Hua's minimum repayment fee is not charged, and interest will be calculated cyclically from the day after the due repayment date, with a daily interest rate of 0.05%, which will be included in next month's bill until the user pays it off in full.

However, if the flower buds are staged, there is no interest, but a certain fee will be charged (the fee rate will be different in different stages, and the specific rate will be subject to the page display).

2. The calculated amount is different:

If the minimum repayment amount in Bai Hua is selected, the repayment amount = 65438+ 00% of the outstanding transaction principal (newly added outstanding consumer principal in this period+part of the principal transferred from the lowest repayment period last month-installment transfer-refund) +65438+ 000% of the transaction installment amount+100% of the bill installment amount+100 of the deferred repayment account.

If Bai Hua installment is selected, the remaining amount except overdue fee, minimum repayment cycle interest, installment fee and installment principal can be used as the installment amount (the installment amount must be greater than 10 yuan).

Extended data:

The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables.

The minimum repayment amount is listed on the current bill.

Installment repayment-means that there will be multiple repayments, and the repayment stool will allow the date and interest to be allocated to each repayment.

Bank's installment repayment is an installment repayment business launched to avoid penalty interest according to the total consumption limit when customers can't repay the overdraft amount of credit cards at one time.

Compared with installment payment, installment payment is different in application procedure and application scope.

For example, if Xiao Li wants to buy a mobile phone by stages, he will go to a store that cooperates with a credit card. The installment repayment business does not need to specify the place and category of consumption. If the customer realizes that he can't repay in full on time after swiping the card, he can call to apply.

However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.

Reminder: The shorter the installment period, the lower the cost.

Maintaining good repayment habits is the basic requirement to enhance credibility!