If installment is not selected, the interest will be calculated at 0.5 ‰ per day, that is, the interest for a loan of 2,000 yuan per day is 1 yuan, and the interest for one month is ￥30. If you choose installment, the actual interest will be lower, depending on the number of installments. So if you can't repay in a short time, it is recommended to choose installment repayment, because the interest on installment repayment is lower than the minimum repayment interest.
Second, China Merchants Bank installment interest
China Merchants Bank's credit card installment payment has no interest and only charges a handling fee. First of all, there is no interest on installment payment with China Merchants Bank credit card. After using the installment business, no relevant interest will be generated. Cardholders of China Merchants Bank need not worry about this, but it should be noted that no interest does not mean free. There is no interest on installment payment with China Merchants Bank credit card, but there is a handling fee. China Merchants Bank pays the handling fee in monthly installments. For example, 12 installments of 2,000 yuan, monthly payment: 2,000 x 0.66% =13.2 yuan. There are also related installment service fees for specific installments, which will be averaged to each installment and repaid to the bank together with the payment for a single installment. Cardholder's handling fees are: 1%/ month (3 issues), 0.6%/ month (6 issues) and 0.5%/ month (12 issues). Calculation method of credit card bill installment fee of China Merchants Bank However, if you don't swipe your card at the designated merchant or go to the credit card mall for consumption, this kind of consumption is bill installment. You can apply for three, six or 12 installments, and bear the corresponding handling fee of 2.6%, 4.2% or 7.2%. After the first installment, you can pay a single installment for several months in a row. In this behavior, the cardholder provides personalized choices such as two periods, three periods, six periods, 10, 12, 18 and 24 periods, and the corresponding handling fees for each period are 1.0%, 0.9%, 0.75% and 0.7% respectively. At present, the application for non-single transaction only supports 2, 3, 6, 10 and 12. The second phase can only be applied through China Merchants Bank's mobile banking and pocket life channels. Handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded. China Merchants Bank is a joint-stock commercial bank. China Merchants Bank was established in Shekou, Shenzhen, 1987. It is the first joint-stock commercial bank wholly owned by an enterprise as a legal person in China and the first pilot bank to promote banking reform from outside the system. China Merchants Bank is headquartered in Futian District, Shenzhen. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange, and on September 22, 2006, they were listed on the Hong Kong Stock Exchange.
3. How much will the installment payment of China Merchants Bank's 2000 yuan be more than one-time payment?
China Merchants Bank provides three phases, six phases, 10, 12, 18 and 24 phases, and the corresponding handling fees for each phase are 0.9%, 0.75%, 0.7%, 0.66%, 0.68% and 0.68% respectively. If it is divided into three installments, the installment fee =20000.9%3=54, and 54 yuan will be overpaid;
4. How much is it for China Merchants Bank to pay 2000 yuan in installments more than one-time payment?
Hello, if the bill is in installments, the principal of each installment is 666.67 yuan, the handling fee of each installment is 18 yuan, and the total repayment amount of each installment is 684.67 yuan.
If it is a shopping installment at the time of consumption, is it bought by the merchant?
If you have any questions, you can add QQ Customer Service 4008205555 or WeChat WeChat official account "China Merchants Bank Credit Card Center" for detailed consultation.