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What is the interest rate of China Merchants Bank’s 100,000 installment?

There is no interest for the 100,000 installment of China Merchants Bank Credit Card, only a handling fee, and the maximum is 24 installments. Taking 24 installments as an example, the installment fee per installment = 100000*0.68 = 680 yuan, the principal of each installment = 100000/24 ??= 4166.66 yuan, and the monthly repayment amount = 4166.66 680 = 4846.66 yuan.

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