repayment can be made in installments.

1. Cash installment business is a cash withdrawal and installment payment service provided by China Merchants Bank for eligible cardholders. Cardholders need to pay a certain installment fee; The cash installment business is limited to RMB currency, and the amount of cash that the cardholder can apply for withdrawal is within the available amount of cash advanced by his credit card. The minimum amount applied for each time is 3 yuan, and the cumulative maximum amount is 5, yuan.

2. Cash installment business provides 3-24 installments to choose from, and the benchmark handling fee rate for each installment is as follows:

Handling fee for each installment = total installment amount × handling fee rate for each installment. The total amount of installment principal is amortized on a monthly basis, and the remainder is included in the last installment. The installment amount of each period and the handling fee of each period are recorded at the same time. Once the cash installment fee is collected, it will not be refunded.

Extended information:

Cash installment business is limited to the application of the bank's main credit card holders. Cardholders who only hold business cards, official cards, purchasing cards, ANA guarantee cards or supplementary cards cannot apply.

cash installment shall not be used for investment (including but not limited to house purchase, stock, futures and other equity investments), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, travel, medical treatment, etc.). Cardholders must keep relevant consumption vouchers for cash payments, and the Bank has the right to access the consumption vouchers at any time.

China Merchants Bank-financial management by stages