E-installment is an installment amount provided by China Merchants Bank's credit card for cardholders that is not within the credit limit. Eligible cardholders can use the e-installment amount for installment repayment. Compared with the traditional credit card installment, E-installment has an independent installment account, and the installment amount does not occupy the credit limit. Then, if you apply for E installment, can you repay in advance? Is there a handling fee for prepayment of the remaining installments? can China merchants bank repay in advance in e-installment? after successfully applying for e-installment of China merchants bank, the cardholder has an independent e-installment account, and the billing date of this account is the same as that of the credit card, so the user needs to repay on the last repayment date. If you don't want to use e installment, you can repay in advance, but you need to apply by phone. China Merchants Bank can repay in advance by e-installment, but it needs to apply by phone. The cardholder can call China Merchants Bank's credit card customer service hotline at 4-82-5555, transfer the manual service, and apply for e-installment prepayment to the customer service. After verifying the cardholder's identity information, the customer service will handle the prepayment for him and calculate the specific repayment amount.

how to calculate the prepayment fee of e-installment of China Merchants Bank? The remaining installment principal needs to be settled in one lump sum, and the remaining handling fee not included in the bill is paid to China Merchants Bank in one lump sum in advance by the cardholder as a penalty. For example, if a customer applies for 12 E installments of 12, yuan, the principal of each installment should be repaid = 12, yuan /12=1 yuan, the handling fee rate = one installment, and the handling fee of each installment = 12, yuan × yuan. After four installments are amortized, the customer shall apply for prepayment, and all the remaining principal shall be repaid after the next bill date =1 yuan× 8 = 8 yuan, and the handling fee for the remaining installments = RMB× 7 = yuan. The above is the introduction of China Merchants Bank's e-installment prepayment. From the above introduction, it can be seen that the remaining installment fee of China Merchants Bank's e-installment prepayment cannot be exempted and needs to be paid in advance in one lump sum, which is quite uneconomical, so it is not worthwhile to apply for e-installment prepayment.