Some netizens inquired and said that they had spent 10,000 yuan with a China Merchants Bank credit card, but were under pressure to repay the loan, so they wanted to pay it back in 12 installments. They asked how much the handling fee would be and how much each installment would have to pay back. Regarding this issue, I would like to introduce to you a credit card installment calculator. With it, you can have a good understanding of any charges related to installment payment. Credit card bill installment is a service provided by China Merchants Bank to eligible cardholders to repay their current credit card bill amount in installments. Although it can very well alleviate the repayment pressure of cardholders, it does not mean that you just want to pay it in installments. For installments, the following conditions must be met when applying for bill installments: When applying for RMB bill installments, the minimum application amount per time is not less than RMB 300; when applying for USD bill installments, the minimum application amount per time is not less than USD 100. 1. For unbilled transactions: You can apply for installment between the day of the transaction and the day of the bill corresponding to the transaction. 2. For bills that have been issued: You can apply for installments between the day after the bill date and the due repayment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due repayment date). China Merchants Bank Credit Card Installment*** has a variety of options including 2, 3, 6, 10, 12, 18 and 24 periods. The corresponding handling fee rates for each period are,,,,,, and If you apply for installment payment for unbilled transactions, only 2, 3, 6, 10 and 12 installments are available. Two of the phases can only be applied for through our bank’s mobile banking and mobile life channels. Take the China Merchants Bank credit card bill of 10,000 yuan divided into 12 installments as an example. Select the installment bank, installment type, installment amount, and number of installments on the calculator, click Calculate, and you will get the principal repayment of each installment in yuan, and the procedures for each installment. The fee is RMB, the total handling fee is RMB, and the total repayment in each period is RMB.

If you feel it is not accurate, you can calculate it yourself according to the following formula: 1. Repayment principal per installment = installment amount/number of installments = 10,000/12 = yuan 2. Handling fee per installment = installment amount *Handling rate = 10,000 yuan 3. Total repayment in each period = principal repayment in each period + handling fee in each period = Yuan 4. Total handling fee = installment amount * handling rate * number of installments = 10,000 yuan