The number of installments that China Merchants Bank can make are: 2, 3, 6, 10, 12, 18 and 24. The corresponding handling fee rates for each installment are 1.0%, 0.9%, 0.75%, 0.7%, 0.66%, 0.68%, 0.68%.

To apply for installment for unbilled transactions, currently only 2, 3, 6, 10 and 12 installments are available. Two of the phases can only be applied for through China Merchants Bank’s mobile banking and mobile life channels.

You can choose the number of installments according to your actual needs.

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.