Kookmin Card installment fee interest inquiry method
When purchasing a product, if you pay by credit card installment, a fee (interest) will be charged according to the period. Installments can be set from 2 months to 24 months or more, but the commission rate varies depending on the card company, personal credit rating, and setting period. If so, how much is the Kookmin Card installment fee interest?
Strictly speaking, installment is similar to a loan because the credit card company pays the seller in advance and the customer divides the set amount. So fees are never cheap. Knowing the facts can surprise you. 국민카드 할부 수수료
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How much is the Kookmin Card installment fee? 좋은뉴스
How to check my installment fee
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How much is the Kookmin Card installment fee?
Below is the Kookmin Card installment fee table as of April 19, 2023.
Kookmin Card Installment Fee Interest
Kookmin Card 2-month installment fee is 12.69% per year, 3-month fee is 15.61% per year, 4-5 month fee is 17.39% per year, 6-8 month fee is 18.91% per year, 9-11 month fee is 18.96% per year, 12 Fees for up to 17 months are 19.15% per annum, 18 to 23 months are 19.19% per annum, and installments over 24 months are 19.40% per annum.
Considering that the current highest legal interest rate that can be charged is 20% per annum, this is a very high interest rate.
So, when purchasing a product with an installment plan, it is recommended to make sure that there is an interest-free event before making the purchase. Usually, 2-3 months interest-free for products over 50,000 won, and in many cases, partial interest-free payment for more than that.
Kookmin Card interest-free installment benefits check
For reference, the table above is the installment fee based on my credit. To find out which fee is right for you, you can use the method below.
How to check my installment fee
Kookmin Card fees can be checked on both the website and the app. Here, we will explain how to check on the PC homepage.
After logging in to the Kookmin Card homepage, click on the payment statement. (▶How to log in with the Kookmin Card homepage KB Pay app)
Kookmin Card website
Click Recent Statements.
Kookmin Card Statement Inquiry
In the KB Kookmin Card e-mail statement, click the View Fee Rate Detail View Down button at the bottom.
Kookmin Card Installment Interest Fee
Then you can check my Kookmin Card installment fee in detail.
How to check Kookmin Card installment fee
You can also check your cash advance (short-term card loan) interest rate and revolving interest rate in the above way, so be sure to check before use.
Since credit card installment fees are more expensive than you think, it is recommended that you avoid paying in installments except for interest-free benefits. This is because you have to pay interest close to 19% per year even for 6 months of installment, so it is the same as getting a loan from the financial sector. In addition, it is recommended that you use a lump sum payment whenever possible, as delinquency also lowers your credit score.
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