I spent 5,000 yuan on Minsheng Credit Card, but when the bill came out, I was immediately dumbfounded. My salary was not enough to repay the credit card, so I wanted to pay it back in 24 installments. Since installment involves fees such as procedures, you have to use an installment calculator to calculate how much you have to repay in each installment. Let’s take a look at the installment related expenses of Minsheng Credit Card. Minsheng Credit Card Bill Installment can alleviate the repayment pressure of repayers. Cardholders can flexibly choose the number of installment repayments based on their own financial situation. However, Minsheng credit card bill installment is not something you can just apply for. You need to meet a certain consumption amount and apply within the specified time. The details are as follows: 1. Application amount: The minimum amount to apply for bill installment is RMB 600 ( or equivalent foreign currency), and cannot exceed 90% of the bill amount issued in the current period. 2. Application time: from the day after the current bill date to 17:00 on the last repayment date. If your current bill date is March 6 and the last repayment date is March 26, the time you can apply for bill installment is from March 7 to 17:00 on March 26. The number of installments that can be applied for Minsheng Credit Card is 3, 6, 9, 12, 18, and 24. The corresponding handling fees are shown in the figure below: Taking a Minsheng Credit Card bill of 5,000 yuan divided into 24 installments as an example, in the calculation Select the installment bank, installment type, installment amount, and number of installments on the computer, click Calculate, and you will find that the principal repayment for each installment is yuan, the total handling fee is 840 yuan, and the repayment handling fee for each installment is 35 yuan. Yuan should be repaid each period.

If you feel it is not accurate, you can calculate it yourself according to the following formula: 1. Repayment principal per installment = installment amount/number of installments = 5000/24 ??= yuan 2. Handling fee per installment = installment amount *Handling fee = 5,000 yuan 3. Total repayment amount per period = Repayment principal per period Handling fee per period = Yuan 4. Total handling fee = Installment amount * Handling rate * Number of installments = 5,000 yuan

As a reminder, when applying for installment, you should also know whether you need to pay the handling fee in one go or collect it in installments. What you need to understand is that regarding the handling fee, no matter which payment method you choose, as long as you choose the installment If the number is high, the handling fee cannot be changed. Even if the loan is repaid in advance, the handling fee will not be less.