How to check KB Kookmin Card’s installment fee and what are its advantages and disadvantages?
One useful credit card service is installment purchase. This is useful when you need to buy a large amount of money, as you can split the amount you owe at one time into two or three installments. When you make an installment purchase, you have to pay an installment fee. These days, many interest-free installments are disappearing due to deteriorating profitability of credit card companies. Find out how to check the KB Kookmin Card installment fee.
1. Kookmin Card installment fee rate
In order to check the Kookmin Card installment fee, you need to know the installment fee rate. You can check the installment fee rate on the Kookmin Card website. If you go to [My KB] – [Estimated installment fee] on the Kookmin Card website, you can check the installment fee rate and amount by entering the expected usage amount. 국민카드 할부 수수료
Kookmin Card_Installment Fee 좋은뉴스
KB-Kookmin Card-Homepage
Please refer to the link to the KB Kookmin Card website.
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I checked my installment fee rate. I rarely use KB Kookmin Card for the KCB credit rating of 3. I’ve checked Samsung Card’s installment fee rate before, and at that time, my credit rating was 4th grade. Maybe because my credit rating went up, I got 15.28% cheaper than Samsung Card’s installment fee of 16%. Since each credit rating and Kookmin Card performance are different, the installment fee rate is different.
Installment Fee_Estimated inquiry
Kookmin Card – 1 million won installment – when using
Since the installment commission rate is on an annual basis, the commission rate reaches 15.28%, but the actual commission amount is not much. If you use 1 million won in 3-month installments, it will be 29,058 won, which is about 2.9%. However, the fee rate is very high when compared to the interest rates of other loans on an annual basis. Credit loans usually have an interest rate of 4 to 5% per year, but 15.28% is a number that is almost tripled.
2. Let’s find out the expected installment fee!
If you find it inconvenient to check on the KB Card website, use the installment fee calculator below. You can find out roughly how much the installment fee will be.
Installment Interest – Calculator
Installment Interest – Calculator
3. What are the advantages of KB Card installment plan?
KB Card’s installment plan is not different from other card companies’ installment services. The advantage of installment service is that it is easy and convenient. All you need is a card. There is no need to apply or fill out paperwork. When you buy something, you can use it in installments for several months, but you just need to talk.
Another advantage is that if there is a problem with your purchase, you may be able to get some damage waived. Companies such as health clubs and skin beauty salons sometimes go bankrupt in the middle and disappear. If you purchased in installments at this time, you may not pay the remaining installment amount. This is called an installment withdrawal claim.
4. What are the downsides?
The downside is that the commission rate is high. The commission rate is higher than that of credit card companies. If you only look at the commission rate, it is better to get a credit loan from a bank.
To sum up, when you buy something that does not have a high unit price, it is better to purchase it conveniently through installments. The commission rate is high, but if the purchase price is not high, the commission actually paid is not much. But you have to think about it when you buy something with a high unit price. This is because other financial instruments have lower commission rates.
Considering the commission rate, it is more advantageous to get a credit loan from a bank. These days, the bank credit loan process has been simplified, so in the case of Internet banks, it is possible without submitting separate documents. Please also check the credit conditions and eligibility. For reference, there are also cards with 2-3 month interest-free installments as standard. Credit card companies are reducing additional services, so if you often use interest-free installments, it would be a good idea to get them issued in advance. Representatively, there are Loca 365 and Loca Sharing Cards.
I learned about Kookmin Card installment fees. The credit card installment fee is very high compared to regular loans. Even if the amount you pay is small, the interest rate is very low. It is better to refrain from using it as much as possible, and if it is a large amount, it is better to use other financial products such as credit loans.
36 months-interest-free-installment