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It costs RMB 200,000 to buy a house in installments using a China Merchants Bank credit card. How is the interest calculated?

Hello! China Merchants Bank's credit card does not offer installment payment for house purchases. Even if you apply for bill installment after swiping a card transaction, you can only apply for bill installment in up to 24 installments, and there is no interest in bill installment. Assuming the bill is paid in installments and returned in 24 installments, the handling fee for each installment is: 1,360 yuan. The total handling fee is 32,640 yuan. Whether the bill installment can be successful needs to be reviewed by the credit card center.

China Merchants Bank credit card bill installment calculator: /Financing/Bill.aspx

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