There is no interest on credit card installment, only the handling fee. Take China Merchants Bank as an example:

Cardholders can choose 2, 3, 6, 10, 12, 18, 24 and 36 installments separately, and the handling fee rate for a single installment is 0%~ 1.67%.

Calculation method of handling fee for each period:

Handling fee per period = application amount * handling fee rate per period.

For example, the application amount is 65,438+00,000 yuan, and the handling fee rate for each period is 0.05%, totaling 65,438+00 periods.

Handling fee for each period = 10000*0.005=50 yuan.

Then the handling fee for 10 is 10*50=500 yuan.

Extended data

The following transactions cannot be used for installment payment:

1) Cash advance transaction, installment transaction, real estate transaction and various expenses (such as annual fee, interest, late payment fee and other credit card expenses);

(2) Funds that have been applied for purchasing foreign exchange;

3) Other transactions specified by the Credit Card Center of the Bank.

China Merchants Bank-Frequently Asked Questions on Credit Card Bill Staging

China Merchants Bank-repayment methods and charges