CMB Bill Installment is a financial management function provided by CMB Credit Card Center for eligible cardholders to repay transactions in their credit card RMB accounts and USD accounts in installments, including transactions that have not been billed. and installments for invoiced transactions. Cardholders who only hold a commercial card, business card, purchasing card, ANA guaranteed card or supplementary card cannot apply. Other credit cards are acceptable.

What is the installment interest rate for China Merchants Bank bills?

The installment repayment business provides a variety of personalized period options. The actual period number and handling rate are subject to the system’s real-time evaluation results. The approximate converted annualized interest rate corresponding to installment repayment is 0-18 (the approximate converted annualized interest rate is calculated as simple interest). Installment repayment only charges a handling fee and no additional fees.

Can China Merchants Bank bill installments be repaid in advance?

China Merchants Bank bill installments can be repaid in advance, but after the application is approved, the outstanding installments and remaining balance must be paid off in one go. If the handling fee is not collected, the installment handling fee already collected will not be refunded. In other words, after early repayment, the installment rate cannot be less. From this point of view, it seems unnecessary to apply for early repayment after installment.