CMB credit card installment payment can only be divided into 24 installments.

Calculation based on 100,000 yuan repayment in 24 installments:

Instalment handling fee=100,000*0.68%=680 yuan;

Instalment principal=100,000/ 24=4166.66 yuan;

Monthly repayment=4166.66+680=4846.66 yuan.

China Merchants Bank provides cardholders with personalized options of 2, 3, 6, 10, 12, 18 and 24 issues;

Corresponding The handling fee rates for each period are 1.0%, 0.9%, 0.75%, 0.7%, 0.66%, 0.68%, and 0.68% respectively.

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.

Handling fee per period = total installment amount × handling fee rate per period.

The total installment principal 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.