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It cost 25 thousand to buy a car with China Merchants Bank credit card. How much should I pay in 24 installments?
Hello, if the bill is divided into installments, the handling fee for each installment = total installment amount × handling fee rate. The minimum handling fee for each installment is 5 yuan, 0.9% for the third installment, 0.75% for the sixth installment, 0.70% for 10 installment, 0.66% for 12 installment and 0.68% for 18 installment. Whether the bill installment application is approved or not shall be subject to the comprehensive evaluation results of our credit card center. For the application conditions of bill installment, please log on to the credit card website creditcard.cmbchina.com/, and click "Credit Management"-"Bill Installment" to inquire about the terms of bill installment.

Principal of each installment = 30,000 divided by 24, and handling fee of each installment = 30,000 *0.68%.

Not interested. After the bill installment application is successful, the current bill only needs to repay the amount other than the bill installment, and the amount of the principal payable in the first installment (the principal payable in each installment = the total installment principal ÷ the number of installments) and the handling fee are reflected in the next month's bill.

Once the bill installment application is approved, it cannot be revoked, nor can the installment amount and the number of installments be changed. The outstanding installment funds in a successful bill installment business need to be paid off in advance. If necessary, you can call our credit card customer service hotline to apply. After the application is approved, the unpaid principal and handling fee will be settled in one lump sum, and the bill amount will be paid in one lump sum. (There is no installment business for corporate cards) The following transactions cannot be handled by installment: cash advance transaction, installment payment transaction and various fees (such as annual fee, interest, late payment fee and other credit card fees), real estate transaction, pre-authorization transaction and other transactions specified by our credit card center.