1. How high is the interest rate of China Merchants Bank installment card?
Bill installment fee per installment = The minimum fee for installment renewal is 5 yuan, 75 for 3 installments and 0.70 for 10 installments. , 0.66 per period for 12 periods, 0.68 for 18 periods, and 0.68 for 24 periods. After the bill installment application is successful, the current bill only needs to repay the amount other than the bill installment, and the principal amount payable in the first installment (principal payable in each installment = total installment principal ÷ reflected in the next month's bill.
China Merchants Bank's credit card installments have no interest, only installment handling fees. The handling fee rate for each installment is 0-1. In the case of installment cards, there are generally only installment handling fees and no interest. Only credit card overdraft consumption and cash withdrawals have interest. . China Merchants Bank's credit card installment fee rate is related to the number of installments. The longer the installment period, the lower the fee rate. Currently, China Merchants Bank offers seven installments, including 2, 3, and 24 installments, and the corresponding handling fee for each installment. The handling fee is, respectively, 0.7, 0.66, and 0.6. The handling fee per installment is the total principal amount of the installment × the corresponding number of installments. The total principal amount of each installment is divided by the number of installments. The principal repayable in each installment (accurate to cents) is charged to the cardholder's credit card account month by month, and the remainder is included in the final amount. If the repayment is made in 6 installments, the handling fee for each installment is 0.7500.75=37.5; the principal repayable in each installment is Gold = 5000/6 = 833.35833.33 = 870.83 yuan.
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The installment payment processed by China Merchants Bank credit card can be paid off in advance, but the installment payment service fee of China Merchants Bank credit card It is a one-time charge, that is, when you choose to pay in installments, the first installment bill amount and the installment handling fee are paid in one go. You will be charged a one-time payment during the installment, and the interest collected before the early repayment will not be refunded. If the interest is charged monthly, you can consult China Merchants Bank Tianfu Energy’s customer service for the specific amount of repayment. ) Xinjiang Tianfu Energy Co., Ltd. is the only listed company in the northwest region that integrates combined heat and power waste incineration power generation and integration of generation, supply and dispatch. It is mainly engaged in the production and supply of electricity, heat, and natural gas supply. It is also responsible for power design. , installation and other services. Online banking application: Cardholders can log in to China Merchants Bank Credit Card Online Banking, click on the "Instalment Finance" page online, select the installment amount, select the number of installments, and wait for the bank's review. If approved, the installment can be successfully applied: Cardholders can call China Merchants Bank’s credit card customer service hotline at 400-820-5555. After identity verification, cardholders can press 708 to transfer bill installment hotline, select the appropriate installment amount and number of installments, and wait for successful SMS application: Cardholder. Edit the text message "AG#Amount#Issue" and send it to 5555 (mobile users) or 1065502010095555 (China Unicom users). After the system application is approved, the installment can be successful.
Operating environment: iPhone The handling rates corresponding to the three installment methods are installment handling fee = total installment principal × handling rate, and the minimum handling fee amount is RMB per transaction. The handling fee will be included in the holding after the bill installment business application is successful. Once charged to the cardholder's credit card account, it is non-refundable
For example, if your current actual available limit is ￥ yuan, the amount of installment transactions that can be processed does not exceed the ￥ yuan installment limit, which is your actual available limit. If you currently The actual available quota is insufficient and the installment transaction cannot be carried out temporarily. It is recommended that you apply to increase the quota and try to handle the installment business. After the installment is successfully processed, the installment amount will completely occupy your fixed quota. Every month, you only need to repay the single installment amount on time. When you repay The fixed amount occupied by the single installment amount will be restored after payment
Recommended gadget credit card installment calculator
Operation steps
You can choose from various regions across the country. For any credit card product of different levels from any bank, fill in the total consumption and number of periods to calculate the deduction amount and handling fee for each period in detail
3. How high is the interest rate of China Merchants Bank’s consumer installment card?
The installment interest rate of China Merchants Bank, that is, the handling fee interest rate, is related to your choice. Among various banks, it is generally at the mid-range level.
If you divide it into about 12 periods, the surface annual interest rate is 0.6612=7.92, and the minimum annual interest rate of the Agricultural Bank of China is 7.2. The value of China Merchants Bank is not very high among banks. If you count Shanghai Pudong Development Bank and Ping An Bank, there are many that are close to 10.
However, if it is 3 phases, China Merchants Bank’s single-phase rate of 0.9 is indeed the highest. For example, Agricultural Bank of China is only 0.6 per issue, China CITIC Bank is 0.65 per issue, and China Merchants Bank's short-term rates are firmly ranked first. I believe that most users will not be free to apply for installments if they have money.
If you are under financial pressure, there is nothing more cost-effective except installment. Just pay attention to the number of installments, as it won’t be worthwhile if you regret it later.
IV. How much interest is there for China Merchants Bank credit card installment?
China Merchants Bank credit card installment can be divided into various installments such as 3, 6, 10, 12, 18 and 24 installments. numbers, the corresponding handling fees for each period are 0.9, 0.75, 0.7, 0.66, 0.68, and 0.68 respectively. Each handling fee = total amount per period × handling rate. The total principal amount of the installment is divided equally every month, with the remainder calculated in the final installment. The amount of each installment and each expense are recorded simultaneously. If the user spends more than 50,000 yuan with a credit card, they can choose to repay the principal in 24 installments. Monthly payment fee 500000.68 = 340 yuan, principal repayment 50000/24 ??= 2084 yuan per month, total monthly payment 50000/24500000.68 = 2424 yuan. Under normal circumstances, a credit card generally has a 24-hour grace period after repayment. Repayment within the grace period is deemed to be repaid on time; repayment in full will not incur any fees; if the minimum repayment amount is paid, the daily interest will be calculated according to Calculated at 0.05; when the repayment exceeds the grace period or the repayment amount is less than the minimum repayment amount stipulated by the bank, the overdue interest is calculated as 0.05. When the grace period is exceeded or the repayment amount exceeds the grace period, a late payment fee of 5% of the monthly interest will be charged.