(China Merchants Bank) Yes, the bill will be paid in 12 installments. Credit card bills can be repaid in installments! If you apply for bill installment, the installment amount can be up to 95% of the total amount of new RMB credit card consumption in the current period. After the application is successful, the current bill only needs to repay the installment amount, and the down payment and handling fee are included in the next bill.

We provide cardholders with personalized choices of 2, 3, 6, 10, 12, 18 and 24 installments, and the corresponding handling fees for each installment are 1.0%, 0.9%, 0.75% and 0.7% respectively. At present, the application for non-single transaction only supports 2, 3, 6, 10 and 12. Among them, the second phase can only be applied through our mobile banking and pocket life channels. Handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded.

You can also conduct online simulation trial by stages, and you can also apply for installment repayment for transactions that are not accounted for. Click here /Financing/Bill.aspx for details of bill installment.