CITIC Credit CardLoan advice contact customer service,CITIC Bank Credit CardLoans do not receive interest or even administrative fees. However, this loan is not free, because CITIC Bank credit card loans to charge fees, but the fee rate is very low, only 0.85% per month.
CITIC BankCredit card loanThe cost is calculated as:
Monthly fee = total loan amount X 0.85%
Total repayment (monthly) = principal / number of periods + monthly fee
Total processing fee (total) = Total loan amount X Instalment period X0.85%
According to the fee rate of 0.85% per month, if you borrow 10,000 yuan and pay back 12 times, then the amount you need to repay is:
Monthly fee: 10,000*0.85%=85
Total repayment (per month) = principal / period + monthly commission = 10,000 / 12 + 85 = 918.33
Total processing fee (total) = 10,000 * 12 * 0.85% = 1020
In other words, for a one-year loan of 10,000 yuan, the total fee is 1020 yuan, and the annual interest rate is about 10.2%. ComparedCredit card withdrawalWith an annual interest rate of 18%, China CITIC Bank has a lower credit card loan rate.
Fusion 360 enthusiast usersAnswered on 2017-11-02