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What is CITIC Credit Card Loan?

User: Financial 360 users City: Nationwide 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 charge interest, and even do not charge management fees. However, the loan is not free because China Credit Bank lends a credit card fee, but the fee rate is very low, only 0.85% per month.
    CITIC BankCredit card loansThe cost is calculated as:
    Monthly fee = total loan amount X 0.85%
    Repayment (monthly) = principal / period + monthly fee
    Total Fees (Total) = Total Loan Amount X Installments Payback Period X0.85%
    In accordance with the fee rate of 0.85% per month charge for the situation, if borrowed 10,000 yuan, divided into 12 still, then, need to repay the cost:
    Monthly fee: 10,000 * 0.85% = 85
    Total repayment (monthly) = principal / period + monthly fee = 10,000 / 12 + 85 = 918.33
    Total fee (total) = 10,000 * 12 * 0.85% = 1020
    In other words, 1 million by 1 year, the total fee is 1020 yuan, the annual interest rate of about 10.2%. ComparedCredit card cash withdrawal18% annual interest rate, CITIC Bank credit card loan rates lower.

360 enthusiastic usersAnswered on 2017-11-02

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CITIC Bank credit cardLoans are for office workersConsumer loans, A wide range of loans, the maximum amount of up to 300,000, and without mortgage guarantee, online application can be 24 hours. In fact, CITIC BankCredit card loansNo interest, no administrative fee. However, the loan is not free because China Credit Bank lends a credit card fee, but the fee rate is very low, only 0.85% per month. CITIC Bank Credit Card Loan Fee is calculated as follows: Monthly Fee = Total Loan Amount X 0.85% Repayment Amount (per month) = Principal / Months + Monthly Fee Total Handling Fee (Total) = Total Loan Amount X Installments Period of the number X0.85%.

360 enthusiastic usersAnswered on 2017-11-02

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