Which banks offer cash instalments and which ones are the most cost effective

According to the number and amount of installments you want to install, in addition to the common installments of 3, 6, 9, 12, 18 and 24, there are also 10 and 15 installments on the market. Compare it yourself, and then call the customer service ** and then consult well.

Among the short-term installments of less than 12 installments, ICBC is the most cost-effective; Among the long-term instalments after 12 instalments, BEA is the most affordable.

In terms of credit card repayment fees in 3 installments, ICBC has the lowest handling fee, with only one fee per installment. In the case of an installment of 10,000 yuan, the handling fee is only 165 yuan, which is 105 yuan different from the bank charge with the highest repayment.

In the case of 6 installments, the 5 banks of industry, agriculture, China, construction and postal savings have the lowest amount of handling fees, and all give cardholders a handling fee rate for each period; Huaxia and Everbright Bank have slightly higher fees and rank in the middle.

At present, less than half of all card-issuing banks in China promote the 9-installment business of credit cards, among which Bank of China, Agricultural Bank of China and Industrial and Commercial Bank of China continue to have a low fee rate strategy to attract cardholders to use the installment business. Based on 10,000 yuan**, the repayment amount of the above three banks is 540 yuan.

The 12-installment credit card installment business is currently enthusiastic to be implemented by all card-issuing banks, and almost all banks have opened this business, among which the industrial, agricultural, Chinese, construction, postal savings and BEA banks have the lowest handling fees, and maintain the strategy of low handling fees for short- and medium-term installment business to cater to the consumption enthusiasm of cardholders; At the bottom of the list, Bank of Communications, Shanghai Pudong Development Bank and Ping An Bank charge more.

Among the 18 instalments, BEA is the most cost-effective, followed by CCB and Postal Savings Bank.

Credit card 24 installment business is currently the main long-term installment business of most banks, very suitable for cardholders to do large consumption of installments, or large amount of capital turnover, it needs to be mentioned that the most cost-effective installment 24 installment 24 installment bank, as the only foreign bank in China to officially issue credit cards, the Bank of East Asia's short-term installment business handling fee within 12 periods of preferential range is not prominent, and from the 12th period, it has jumped to the most preferential bank for credit card installment handling fees, It is the most cost-effective for long-term staging. In addition to the Bank of East Asia, CCB, PSBC and Agricultural Bank of China also performed well, ranking second with the handling fee rate per installment.

Cash instalment fees vary from bank to bank, so it's important to choose the right bank. Taking 3 installments as an example, ICBC's handling fee is higher per period, while CMB's is as high; Taking 12 installments as an example, ICBC handles each period, while China Merchants Bank is.

The cash installment fee of each bank will be adjusted from time to time, so you may wish to call the bank in advance to choose the most suitable bank.

Points to note when applying for cash instalments.

1. Most cash installments will occupy the credit card limit, so be sure to understand clearly before applying.

2. When handling cash installment business, cardholders also need to repay on time, otherwise they will not only have to pay higher penalty interest, but also affect their personal credit.

3. Different banks have different regulations on cash installment business, and cardholders need to confirm the arrival time, interest and whether the credit card limit is occupied with the bank in advance.

4. At present, banks generally require that cash installment funds "can only be used for consumption and cannot be used for investment". For example, China Merchants Bank stipulates that the money shall not be used for investment (including but not limited to house purchase, **, ** and other equity investments), and shall only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, student assistance, tourism, medical treatment, etc.).

Cash, the last installment is the most spent.

We know that applying for a credit card installment can contribute to the bank's handling fee and help to raise the credit card limit. The common installment methods of credit cards include bill installment and cash installment, and the handling fees involved in different installment methods are different. Let's take a brief introduction today.

1. What is the difference between credit card cash installment and bill installment?

Bill installment refers to the installment of eligible new consumption transactions in the current period after the credit card bill comes out, focusing on transaction installment, including transactions generated by credit card consumption or QR code payment, excluding various interest fees of credit cards, as well as credit card cash withdrawals and cash advances, which are interest-free, but will involve handling fees.

Cash installment is one of the credit card cash advance services, which aims to obtain cash through the credit card, transfer the money in the credit card limit to the debit card in your name and then repay the loan in installments, you can still enjoy the interest-free period, no interest is required, but you need to pay the installment fee.

2. Which one is more cost-effective?

This requires a comparison of the handling fees of the two instalments, and the handling fees of credit card bill instalments are cheaper than cash instalments for the same number of instalments.

Taking CCB credit card as an example, there are five types of installments that can be selected: 3 6 12 18 24, of which the handling fee corresponding to the bill installment is 、、、 and the handling fee rate corresponding to the cash installment is 、、、 assuming that the credit card installment is 10,000 yuan, divided into 24 installments, the handling fee for each bill installment is 62 yuan, and the handling fee for each cash installment is 75 yuan, and the handling fee for each installment is 13 yuan, and the total handling fee is 312 yuan.

Finally, it should be reminded that bill installment and cash installment cannot be judged from the handling fee alone to determine which is the best deal, after all, the two installments are different types and provide different services, but as long as there is a demand for cardholders, they are good.

Hello, the loans on the market can basically choose to be paid in installments to relieve the pressure on funds, and the time ranges from 3 months to 3 years. Choosing installment payment is not only to choose a long installment and low pressure, but more importantly, to choose a regular big brand, the loan platform is guaranteed, and the funds and personal information are safe.

It is recommended to use Youqian Hua, the original name of Youqian Hua is "Youqian Hua", which is a credit brand of Du Xiaoman Finance, which provides users with safe and convenient, unsecured and unsecured credit services

It has the characteristics of simple application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest rate and strong security.

Share with you the application requirements for consumer products with money: it is mainly divided into two parts: age requirements and information requirements.

2. Information requirements: During the application process, you need to provide your second-generation ID card and your debit card.

Note: Only debit cards are supported, and the application card is also your debit card. My identity information must be the second-generation ID card information, and I cannot use a temporary ID card, an expired ID card, or a first-generation ID card to apply.

This answer is provided by Youqianhua, due to objective reasons such as the timeliness of the content, if the content is inconsistent with the actual interest calculation method of the Qianhua product, it shall be displayed on the page of Du Xiaoman Financial APP-Youqianhua Loan. Hope this helps.

Installments are pies and traps!

With the development of the credit card business, there is one credit card function that is becoming more and more popular, that is, the installment payment business, which plays the role of consumer credit.

Let's talk about it briefly!

There are currently three main types of credit card installments:

1. Installment payment of shopping mall POS machine: complete in the special installment POS machine in the shopping mall, generally 3, 6 installments are free, 12 installments are 2 3 points, and it is more common in electrical hypermarkets or large department stores such as Gome Suning, and the banks that carry out this business are: China Merchants Bank, CITIC, Minsheng, CCB, etc.;

2. Mail order installments: Almost all banks that issue credit cards are now doing this business. A mail-order catalogue that comes with a credit card bill and a credit card is full of notebooks, digital products, fine jewelry, watches, and more.

Although this installment does not require a fee, the above goods, especially digital products, cannot be changed, and digital products are the fastest changing commodities, and they are often considered to be higher than those in shopping malls (the fees charged by banks to **merchants are 8 20 percentage points);

3. Bill (single transaction) installment: This is the installment payment completed by the bank background after the consumption is credited to the account, call the credit card customer service to apply for the statement (transaction) installment. The characteristic is that the transactions that can be carried out in installments are relatively wide (generally excluding cash withdrawals, house purchases and other transactions), but the rate is relatively high, between the monthly rate.

Bank of Communications, Guangfa, China Merchants Bank, CITIC, CCB, Pudong Development and so on have carried out this business.

It may be that the demand for consumer credit is so great that credit card installment payments have really grown rapidly as soon as they were introduced. Indeed, seeing something that used to take a long time to save up to buy now comes in for 1 12 or 1 24, this pie is really tempting, and if your income is on the rise (promotion), you can enjoy the consumption you expect in advance.

However, this is also a trap: not to mention that the low rate is a burden, and if your income is not very stable (you have to change jobs), the happiness of this early consumption may not last long. When your instalment expenses account for your disposable income (income minus all fixed expenses)1 3, your life will be affected.

You'll have to think about suppressing your desires.

The income analysis of foreign credit cards found that installment payments are often the beginning of a card (credit card spending accounts for more than 2 3 percent of disposable income). Just like the "Xinchou Treaty", imperialism has stolen the financial revenue of the Qing Dynasty for n years, and when your future income is not expected to be good, this installment contract will also take a considerable part of your income for the next n months.

Installment payment is a common payment method for modern people. Many times, we want to buy a product or enjoy a service, but we don't have enough funds for the time being, so we can use the installment payment method to transfer the payment pressure to a later period of time. There are many installment payment platforms on the market, but how can you choose the right one for you?

First of all, we need to determine the amount of funds we need, if you need a small amount of funds, you can choose some loan platforms with a lower amount. If you need more money, you can focus on platforms with higher loan amounts.

Secondly, we also need to take into account the number of installments we want to install, and most of the loan platforms on the market have an installment period of between 3 months and 3 years.

The most important point is that we need to choose some regular big brands, and the loan products launched by regular platforms will be more reliable and formal.

Du Xiaoman Finance will effectively implement the call of the state to support small and micro enterprises to tide over the difficulties, and its credit service brand has the money to spend to fully support the production and operation of small and micro enterprises, and Du Xiaoman Finance is the primary choice for most small and micro business owners when their capital turnover. It is reported that seventy percent of the credit users of Du Xiaoman Finance are small and micro business owners. Up to now, Du Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of yuan in loans to small and micro business owners.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

Credit cards are generally available in installments. For example: China Merchants Bank, CITIC, Minsheng, Bank of China, etc.

All credit cards with credit facilities can support installment payments.

China Merchants Bank is recommended, interest-free, but there is a handling fee.

Many banks have cash installment services, so I would like to recommend two banks for cash installment services.

1. China CITIC Bank's "New Quick Cash".

Eligibility: Eligible CITIC Bank quality cardholders;

Borrowing amount: minimum 1000, according to the credit status of the comprehensive determination of the amount of cash borrowing;

2. Cash installment of China Merchants Bank.

Application requirements: Hold the main card of China Merchants Bank credit card, personal card, and maintain a good card use record;

Loan amount: minimum 300, cumulative maximum application amount: 50,000.

Many banks have cash installment business, and the banks that currently have cash installment business include GF Chunfeng, China Merchants Bank, CITIC, Ping An, Pudong Development and other banks

1. Shanghai Pudong Development Bank's "universal fund".

For principal cardholders with good credit standing and normal card status, the minimum is RMB 1,000 and is an integer multiple of RMB 1,000

2. Ping An Bank's "Spiritual Gold".

Application conditions: Ping An Bank cardholders, the minimum is 2,000 yuan, the maximum shall not exceed 50,000 yuan and the available limit under the fixed limit of the credit card.

If it is divided into three stages, ICBC credit card installment payment is the most cost-effective. In the 3-12 period, it is more cost-effective to choose the credit card stage of Agricultural Bank of China, China Construction Bank and Postal Savings Bank. If there are more than 12 installment payments, China Construction Bank credit card has the lowest installment rate.

The installment processing fee for these bills is for reference only, and most credit card users still need to choose the acceptable installment amount according to Li Zao's own situation. After paying in installments, repay the loan in a timely manner, not overdue, and maintain a good credit history.

1. How many credit card installments are the most cost-effective?

Generally speaking, the smaller the number of installments with the same bank, the higher the cost, so it is more cost-effective to choose fewer installments. However, we should also choose according to our actual situation. If the financial pressure is relatively high later, it is better to choose a longer staging.

In contrast, fewer credit card installments are certainly more cost-effective because banks charge a processing fee for repaying credit card installments. The calculation of the processing fee involves the amount of the instalment and the interest rate of the instalment, and the interest rate may also be related to the duration of the instalment. The longer the installment period, the higher the interest rate.

However, it is recommended that if the overdue amount is not very large, the cardholder can borrow money from relatives and friends first to avoid overdue or instalment repayment, thereby reducing interest and handling fees.

2. Can I repay my credit card in installment?

For credit card installments, if you repay early, you need to apply and confirm if a service fee is charged. You should know that some banks charge a service fee once in advance, while others charge the rest in advance. In this case, there is little point in making early repayments.

Banks naturally want cardholders to repay as soon as possible, as early repayment can reduce the bank's cost of capital. However, none of the banks said that early repayment is good for the amount withdrawn, so it can be repaid on time. The biggest advantage of a credit card advance is that you don't have to worry about expiration.

However, you can make repayments after the date of the account statement and before the state calendar of the repayment date. It's best to make the most of the interest-free period as much as possible.

Having said so much, everyone has a clear search for which bank is the most cost-effective credit card installment for credit card installment, although there will indeed be some gaps in credit card installment of different banks, but there may be other discounts in other aspects, and friends can't just look at the installment benefits to decide which bank's credit card to apply for.