China Merchants Bank's credit card can be divided into 3, 6 and 12 installments, and the interest-free handling fee rates for billing installments are 2.6%, 4.2% and 7.2% respectively. China Merchants Bank pays the installment fee in one lump sum. You spend 5,000 yuan by credit card, calculated at the rate of 6 installments: 5,000 x 4.2% = 210 yuan. If there is no other consumption during this period, this figure is the total cost of your current bill for the first month! The repayment in the first month is 210+5000/6 =1043.33 yuan.

Monthly repayment after the second month: 5000/6=833.33 yuan, and the final repayment is 52 10 yuan.

I. About the loan from China Merchants Bank

China Merchants Bank's microfinance interest rate is implemented on the basis of the national benchmark interest rate and will fluctuate relatively. Please call China Merchants Bank at 95555 for details.

The national benchmark interest rates are as follows:

1, annual loan interest rate within one year: 4.35%.

2. The annual interest rate of one to five-year loans: 4.75%.

Interest of China Merchants Bank's small loan = loan amount * loan amount * loan interest rate. Specific loan interest needs to be calculated by specific loan amount, interest rate and number of periods. When you apply for a loan, China Merchants Bank will provide you with these values, which you can check in the loan contract.

2. What is the interest rate of China Merchants Bank's personal microfinance?

At present, the basic loan interest rates implemented by the central bank are as follows:

1. Short-term loan: 5.60% for six months (inclusive) and 6.00% for six months to one year (inclusive).

2. Medium-and long-term loans: one to three years (inclusive) 6.15; Three to five years (inclusive) 6.40%; More than five years, 6.55%

3. Cash discount: determined by taking the rediscount rate as the lower limit and adding points.

Three, China Merchants Bank personal microfinance application conditions

1. Open an account with China Merchants Bank and deposit a certain amount of time savings.

2. Hold the unexpired fixed deposit certificate or national debt issued by China Merchants Bank in my own name to cover the loan amount as pledge.

3. Provide the borrower's own resident identity card.

4. Guarantee to repay the loan principal and interest on schedule.

Four, China Merchants Bank personal microfinance period

Where multiple certificates of deposit are used for pledge, the term of small-sum pledged loans shall not exceed the maturity date of pledged certificates of deposit. The loan term shall be determined by the time closest to the maturity date, and the longest shall not exceed 1 year. In addition, the loan interest rate you actually apply for is comprehensively priced by the handling bank in combination with the business type you apply for, personal solvency, credit status, guarantee method and other factors, and can only be determined after approval.