Hello! The handling fee rate for each installment of China Merchants Bank's bill is 0.75.

Bill installment (only cardholders with commercial cards or supplementary cards cannot apply at the moment) is a new financial management feature launched by our credit card, which can help you repay the consumption amount in your bill in monthly installments. You can send a text message, log in to credit card online banking, or call the customer service hotline 4008205555 to transfer to a service specialist to apply. Handling fee per period = total bill installment amount × handling fee rate per period. The minimum handling fee per period is 5 yuan. Our bank provides cardholders with personalized options of 2, 3, 6, 10, 12, 18 and 24 periods. The corresponding handling fee rates for each period are 1.0, 0.9, 0.75, 0.7, 0.66, 0.68, 0.68. Whether the application for bill installment is approved shall be subject to the comprehensive assessment result of our bank's credit card center.

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 repayment date. After that, the principal repayable in each installment of the bill installment = the total principal amount of the installment ÷ the number of installments. The principal repayable in each installment (accurate to the minute) will be credited to the cardholder's credit card account month by month, and the remainder will be credited to the last installment. Handling fee per period = total installment amount × handling fee rate per period, and the minimum handling fee per period is 5 yuan. The installment handling fee is the same as the principal payable in each installment and will be returned in installments. After you submit your bill installment application, our bank will process your application order within 2 days, and will send you a text message to notify you the next day after successful processing (after the bill installment is successfully accepted, it cannot be canceled).

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 repayment date. After that, the principal repayable in each installment of the bill installment = the total principal amount of the installment ÷ the number of installments. The principal repayable in each installment (accurate to the minute) will be credited to the cardholder's credit card account month by month, and the remainder will be credited to the last installment. Handling fee per period = total installment amount × handling fee rate per period, and the minimum handling fee per period is 5 yuan.

For example: If your current bill amount is ￥5,000 yuan, and the bill installment amount you apply for is ￥3,000 yuan, divided into 3 installments, you need to repay it on the due date of the current period. ￥2,000 yuan. After that, the principal payable in each installment of the bill is RMB 1,000, and the handling fee is RMB 27, which should be paid off in three installments. Happy using your card!

If you still have questions, it is recommended that you use the credit card intelligent service platform to solve credit card problems anytime and anywhere. Click here to view details>/Common/Default.aspx?pageid=zxkf1