How much is the cash installment fee for Industrial Bank credit card?
The following is the cash installment rate of Industrial Bank's credit card:
Source: Industrial Bank
No more than 0.9%/ period in the third phase, no more than 0.8%/ period in the sixth phase, no more than 0.8%/ period in the 12 phase, no more than 0.8%/ period in the 18 phase and no more than 0.8%/ period in the 24th phase.
Industrial Bank credit card cash is collected by monthly installments, and the interest of each installment is equal to the total installment principal multiplied by the interest rate of each installment, which is recorded in installments on the billing date of each installment. The minimum cash installment amount of Industrial Bank credit card is 65,438 yuan+0,000 yuan, and the maximum is 50,000 yuan.
Of course, the cash installment of Industrial Bank's credit card can be repaid in advance, but there is also a charge for prepayment. The charging standards are as follows:
1. If the cash installment interest is charged by monthly installments, the remaining unpaid installment interest is not charged, and the liquidated damages for early repayment are charged at 3% of the remaining unpaid principal (unless otherwise agreed by both parties);
2. If the cash installment interest is charged at one time, the corresponding interest received shall be refunded according to "(one-time installment interest received/original installment number) * (remaining unpaid installment number)", and the liquidated damages for prepayment shall be charged according to 3% of the remaining unpaid principal (otherwise agreed by both parties).
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