Information
Installment transaction
Installment transaction Guide
| Category | Amount |
|---|---|
| Eligible amount | 50,000 won or above |
| Installment transaction tenor | 2~36 months |
| Installment transaction fee | Installment balance(Installment payment amount - Paid principal) x Installment fee rate x Number of days in installment/365(in case of leap year, 366) Applied to installment purchase of as February 1,2015) |
- Installment transaction tenor may differ according to alliance cards or customers.
- Installment transaction is only available at merchants that support installment transaction.
- Please be aware that after initial payment, paid installment transaction fee shall not be refunded even if the original installment transaction has been reversed.
- Installment tenor may be limited depending on merchant.
- BC Cards apply a different rate as set by BC Card.
Installment transaction fee rate
- Min 7.70% ~ max 19.90% according to customer’s credit standing and tenor
- Installment transaction fee per KRW 100
Installment transaction fee per 100 won - 2 ~ 3 months, 4 ~ 5 months, Over 6months, 1 Tier, 2 Tier, 3 Tier, 4 Tier, 5 Tier, 6 Tier, 7 Tier Category 2 ~ 3 months 4 ~ 5 months Over 6months 1 Tier 0.64 0.66 0.74 2 Tier 0.74 0.83 0.91 3 Tier 0.91 1.08 1.16 4 Tier 0.99 1.16 1.33 5 Tier 1.33 1.49 1.66 6 Tier 1.41 1.58 1.66 7 Tier 1.49 1.66 1.66 (unit : KRW) Installment fee per \100 is the estimated amount payable on the 1st round payment.
Installment transaction cancellation
- Installment transaction cancellation can be requested within 7 days of transaction to the merchant in writing in accordance with the installment transaction Agreement.,
(limited to installment transaction of 3 months or longer tenor and 200,000 won or above transaction amount)