Credit card interest calculation explained in Tamil |கிரெடிட் கார்டு வட்டி கணக்கிடுவது எப்படி?
http://www.smartmoneygoal.in/blog/calculate-credit-cards-late-payment-fee-finance-charges/
Credit cards are issued mostly free by banks in India nowadays. However these credit card carry high interest charge if you don’t pay off your dues on time. Many of us buy all staff which is not required but do not realize the hefty charges which credit cards have in this video will check about how to calculate credit card interest rate.
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what are the normal charges which will be applicable on credit card?
A credit card will usually have an interest rate which is on the higher band compared to other loans available in India. The interest rates on credit card visual bi Teri from 2 % per month to 3% per month.They also have a late payment charge. The penalty for late payment is calculated based on the amount outstanding at the end of the bill. Typically it starts from 500 rupee and can go up to 2000 rupees in addition to the interest that will be charged on the credit card.
How to calculate credit card late interest payment and charges?
First add the late payment fee which will be usually 500 rupees for a 20,000 standing amount and for anything above 20,000 approximately rupees thousand. To this ad at 3% per month charge for the outstanding amount as per your previous bill plus for all the transactions that you have done this month. To this add 18% GST tax for all the charges. Sum of all these together and you will usually get your late payment fee.
Credit card interest rate is really high in India. It is very important to understand the calculation method of how interest is charged on your credit cards to avoid getting credit card debt trap. Do not just pay the minimum balance on the credit card and aim to pay the full outstanding amount as per your last statement before the due date.
You will also note that credit card charges will be applicable for cash withdrawal rules made from ATM using the credit card. Why HDFC Bank credit card, ICICI credit card and SBI credit card have made it very easy to withdraw with ATM it is not advisable to withdraw cash using a credit card. Because credit card has a high interest rate and calculating the interest on credit card is a bit tricky which we will see in this video.
Refer to the video for a detailed:
1) calculation of credit card interest
2) common late payment charges based on the tier of credit card outstanding
3) interest rate per month for SBI credit card, ICICI credit card, HDFC Bank credit card.
கிரெடிட் கார்டில் தாமதமாக கட்டணம் செலுத்தும் கட்டணம் என்ன? கிரெடிட் கார்டு நிதியத்தில் அதிக வட்டி விகிதங்களில் ஒன்றாகும். கிரெடிட் கார்டு கடன் மிகவும் ஆபத்தானது. கிரெடிட் கார்டு கடனில் இருந்து நீங்கள் எவ்வாறு வெளியேறலாம்.
காட்சி 1: உரிய தேதிக்கு முன் முழு கட்டணம்
காட்சி 2: கிரெடிட் கார்டு நிலுவைத் தொகையை உரிய தேதிக்கு முன் ஓரளவு செலுத்துதல்
காட்சி 3: கிரெடிட் கார்டு நிலுவைத் தொகையை உரிய தேதிக்குப் பிறகு ஓரளவு செலுத்துதல்
காட்சி 4: உரிய தேதி மற்றும் புதிய பரிவர்த்தனைகளுக்குப் பிறகு கிரெடிட் கார்டு நிலுவைத் தொகையை ஓரளவு செலுத்துதல்
