1. After handling the bill installment business, as long as the remaining amount after applying for bill payment is paid in the current month, the first installment of the bill will be paid in the next month. That is to say, after the bill installment is successful, the cardholder only needs to repay the remaining bill amount after deducting the bill installment amount before the due payment date.

2. After that, the principal payable in each installment of the bill installment = the total principal amount of the installment ÷ the number of installments, and the principal payable in each installment (accurate to cents) will be credited to the cardholder’s credit card account month by month. , the remainder will be included in the last period, and the handling fee for each period = the total amount of the installment × the handling fee rate for each period.

Extended information

1. Bill installment

Bill installment is a financial management function for installment repayment of your credit card transactions, including bill installments and unpaid bills. You can apply for installment billing by yourself on this website. Currently, our bank provides cardholders with a variety of options from 3 to 24 periods, and the corresponding handling fee rates for each period are different. You can see the trial calculation of the handling fee during the application process.

2. Shopping installment:

Instalments can be paid with China Merchants Bank credit cards on major well-known shopping websites and many physical merchants in communications, home appliances, education, beauty, fitness, etc. For purchases, you can pay in up to 24 installments. You can check the installment fee rates on the above-mentioned shopping websites and physical merchants.

Reference material: China Merchants Bank: What does credit card installment payment mean?