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What is CITIC credit card loan?

Users: 360 users City: National Category: CITIC Credit Card Loan 2017-11-01 11:36:23

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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

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CITIC Bank Credit CardLoans are for office workersConsumer loansThe loan can be used for a wide range of purposes, up to a maximum of 300,000, and no mortgage guarantee is required. It can be applied online 24 hours a day. In fact, China CITIC BankCredit card loanThere is no interest or even management 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. The calculation method of CITIC Bank's credit card loan fee is: monthly fee = total loan amount X 0.85% total repayment (monthly) = principal / period + total monthly commission fee (total) = total loan amount X instalment The number of payments is X0.85%.

Fusion 360 enthusiast usersAnswered on 2017-11-02

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