How to calculate the interest on installment repayment of ICBC credit card?

After the installment of ICBC's credit card, there is no interest as long as it is repaid on time, but a handling fee must be charged for installment repayment. At present, the handling fee for installment repayment of ICBC's credit card is as follows:

0.9% for the third installment, 1.8% for the sixth installment, 2.7% for the ninth installment, 3.6% for the first installment, 5.4% for the first installment, and 7.2% for the fourth installment.

ICBC credit card installment repayment fee is calculated as follows:

Credit card installment fee = transaction amount × monthly rate × installment times. The fee may be charged in the first installment or once a month, but the amount is the same.

Interest will be charged for overdue repayment after applying for installment repayment of ICBC credit card, and the overdue interest rate will be five ten thousandths per day. More importantly, there will be bad credit records overdue, which will have a great impact on future credit business.