China Merchants Bank provides cardholders with personalized options of 2, 3, 6, 10, 12, 18, 24 and 36 periods, with corresponding handling fees for each period. The rates are 1.0%, 0.9%, 0.75%, 0.7%, 0.66%, 0.68%, 0.68%, and 0.68% respectively. To apply for installment payment for unbilled transactions, currently only 2, 3, 6, 10 and 12 installments are available. Among them, 2 issues can only be applied through our bank’s mobile banking and mobile life channels, and 36 issues can only be applied through our bank’s customer service and mobile life channels.

Handling fee per period = total installment amount × handling fee rate per period. The total principal amount of the installment is amortized evenly on a monthly basis, and the remainder is included in the last installment. The installment amount of each installment and the handling fee of each installment are recorded at the same time.