How much is the monthly installment of 40 thousand credit card of China Merchants Bank?

1938.67 yuan. According to official website of China Merchants Bank, the credit card rate of China Merchants Bank for the 24th period is 0.68%. The monthly repayment is 40,000 times 0.68% handling fee plus 40,000 principal, divided by 24 equals 272 plus 1666.67 equals 1938.67 yuan. China Merchants Bank was established in Shekou, Shenzhen, 1987. It is the first joint-stock commercial bank in China that is wholly controlled by an enterprise as a legal person.

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