How to calculate the handling fee of credit card cash installment business of Hangzhou Bank is as follows

Users who have used credit cards should know that credit cards can be divided into cash installments, but applying for cash installments requires a certain handling fee. Then how to calculate the handling fee of Hangzhou Bank's credit card cash installment business?

How to calculate the handling fee of credit card cash installment business in Hangzhou Bank?

The installment fee for the cash installment business of Hangzhou Bank's credit card = the application amount × the handling fee rate corresponding to the number of application periods. The cash installment fee is charged by installments, and will be charged by installments on each billing day after the successful application. Cash installment principal and handling fee do not participate in the credit card points plan, and the principal and installment handling fee payable in each installment are fully included in the minimum repayment amount.

After the cardholder successfully applies for cash installment, the installment application amount and the handling fee payable will be frozen within the limit, and the frozen amount will gradually decrease with the cardholder's repayment in each installment until the cardholder pays off all the installment balance and handling fee in the last installment or in advance. The available credit limit of the cardholder will be restored according to the actual repayment amount of each installment.

Whether the cash installment application is approved or not shall be subject to the comprehensive evaluation result of Hangzhou Bank Card Center. After being approved by Hangzhou Bank, the cash installment principal will be fully included in the credit line used by the cardholder, and the corresponding installment amount will be transferred to the cardholder's valid debit card account designated by the cardholder when handling the cash installment business.