Hello, if it is a credit card of China Merchants Bank, the bill can be repaid in 2~24 installments; Unpaid transactions can be repaid in 2~ 12 installments; The first period is one month. The bill installment fee is included in the monthly bill for installment repayment, and the fee for each installment = total installment amount × rate. The rate for Phase 2 is 1.0%/ period; The third installment rate is 0.9%/ period; The interest rate for the sixth period is 0.75%/ period; 10 installment rate is 0.7%/ period; 12 installment rate is 0.66%/ period; 18 installment rate is 0.68%/ period; The rate for the 24th installment is 0.68%/ installment.
Principal of each installment = 15000/ number of installments
Cost per period = 15000× rate