The consumption threshold and number of periods for applying for a single installment from sagvdsb's blog

If you want to apply for a single consumption installment with a bank, the relevant consumption threshold must be determined by each bank. Most banks can only apply for instalment payments of more than 3,000 yuan. However, some banks provide services that only cost $2,000, which makes it easier for consumers to control their cash flow.

Number of consumption installments

There are generally 3, 6, 9, 12, 18, 24 consumer installments to choose from.貸款計算機， Each period will provide a different annual interest rate calculation. The less the number of periods, the lower the interest rate. please confirm the installment before the installment. The amount of interest.

How to calculate the credit card installment interest rate?

The instalment interest rate will vary depending on the category you use (single consumption, bill installment, cash advance installment) and the number of installments. As long as you confirm the application amount, the number of installments, and the annual interest rate of the installment loan, you can go to the trial calculator provided by the commonly used bank to perform an online trial calculation.

Analyze 3 common credit card installment problems, clarify and protect your rights and interests in advance

1.Can the credit card be paid in advance and need to pay extra fees?

After applying for credit card installment payment with a credit card bank, the installment payment number cannot be changed according to the agreement, and some banks even stipulate that it cannot be prepaid, regardless of whether you have enough funds to pay.

As for banks that can prepay, liquidated damage will be calculated according to the terms of the original agreement. Therefore, before applying for installment payments, please carefully check the number of installments and settle the fees in advance.

2. Does credit card amortization affect the loan amount?

The loan amount is mainly related to the personal credit score recorded by the Joint Levy Center. Therefore, among the three types of credit card installments introduced above, the cash advance installment represents an urgent need for funds, which will affect the credit score because of the behavior of cash advance. Coupled with the failure to pay off before the deadline, it has the greatest impact on personal credit scores. And if the bill installment and single installment system can pay the due amount on time, it will not cause the company's credit score to decrease.

3. pay attention to whether you have a handling fee for credit card installment

Although some banks offer zero-interest instalment payment plans, you must pay attention to whether there are additional handling fees. The handling fee is usually calculated as one percent of the instalment amount, which may mean that the annual interest rate is higher than the instalment interest rate.

How does the government control inflation?

Understanding inflation is very important for investment and financial management, but inflation has little effect on your life

Know the 3 types of credit card installment