monthly repayment: handling fee of 1, x .66%+principal of 1, ÷ 12 = 66+833.33 = 899.33 yuan.

Extended information:

There are many ways of credit card installment in China Merchants Bank:

1) Shopping mall installment, that is, bring your credit card and ID card to a merchant who has an installment agreement with China Merchants Bank, and then pay the installment directly. After success, you can pay the first installment plus the handling fee corresponding to the number of installments, and then pay the monthly installment. For example, if you go to Suning Appliance Brush Mall to buy goods with a total price of 2,4 yuan in installments, and brush them in six installments, and the handling fee is assumed to be 3% (subject to the announcement made by the mall), then the first installment needs to be 2,4 ÷ 6+2,4× 3% = 472 yuan, and then it will be returned to 4 yuan every month for five consecutive months.

2) Go to China Merchants Bank's credit card mall in official website to buy online installment directly, so there will be no extra handling fees and freight charges beyond the single installment. For example, for the goods marked as 4×6 installment in the mall, you can place an order directly online and return it to 4 yuan every month for six consecutive months after confirmation. Within the first month of successful ordering, China Merchants Bank will deliver the goods directly to you.

3) If you can't do it in the above way, but go to a merchant who only supports credit card consumption but does not support installment, and then you want to apply for installment after a one-time credit card transaction, that is the "bill installment" function of China Merchants Bank's credit card, that is, apply for the part with the highest total bill amount of 9% and no more than 8% of the fixed amount in a month in 3, 6 or 12 installments, and bear the corresponding handling fee of 2.6% and 4.2%. For example,

if the total bill for this month is 44 yuan, and the bill is applied to be repaid in 12 installments, then 44× 1%+44× 9% ÷ 12+44× 9% × 7.2% = 968.79 yuan in the first month, of which the handling fee is 261.79 yuan, and then eleven consecutive months.

in short, how to repay by installment depends on the installment method and amount you choose.

credit card installment operation steps:

credit card bill installment refers to the installment of unbilled transactions and billed transactions. The application qualification, installment amount, installment number and rate shall be subject to the comprehensive evaluation of the credit card center. You can try to apply for bill installment through the following channels:

1. After logging in to Pocket Life, click "Finance → Installment Repayment", fill in the amount and number of installments, and then click "Preview Order" to submit the application;

2. Log in to the popular version or the professional version, and click "installment financing"-"bill installment-issued"/"bill installment-not issued"-"installment application" in the credit card interface;

3. after logging in to mobile banking, click "my → all → credit card → installment" to enter the page. Enter the application page to see the number of optional periods and installment rates;

4. Call the credit card customer service hotline, press * and directly tell the business you need to handle to apply.