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If I use a credit card, I will pay 5 thousand pounds in installments within 24 months.
Hello, if it's a credit card of China Merchants Bank, you have applied for payment by installment.

Bill installment (only for business cards, business cards (including financial business cards), purchase cards, ANA protection cards or supplementary cards) is a new financial management function launched by our credit card, which can help you repay the consumption amount in the bill in monthly installments. You can send a short message, log in to the online bank of credit card or call the customer service hotline 4008205555 to transfer the application to the service specialist.

Handling fee per installment = total installment amount × handling fee rate per installment. The minimum handling fee for each installment is 5 yuan, 0.9% for the third installment, 0.75% for the sixth installment, 0.70% for 10 installment, 0.66% for 12 installment, 0.68% for 18 installment and 0.68% for the 24th installment. Whether the bill installment application is approved or not shall be subject to the comprehensive evaluation results of our credit card center.

Please log on to the credit card website/click "Credit Management"-"Bill Installment" to inquire about the terms of bill installment.

The repayment principal of each installment is 5000/24.

Handling fee for each period =5000*0.68%