Hello, the minimum repayment installment, of course, is a cost-effective installment. If you repay with the minimum repayment amount, all the expenses on the bill will not be interest-free, and the interest will be paid in full. The interest starts from the day you swipe your card, with a daily interest of 0.5%, compounded every other month until the principal and interest are paid off.

If it is in installments, I suggest you divide it into 6 or 9 installments, and the installment of China Merchants Bank bill can only be divided into 90% of the current bill;

China Merchants Bank provides three phases, six phases, 10, 12, 18 and 24 phases, and the corresponding handling fees for each phase are 0.9%, 0.75%, 0.7%, 0.66%, 0.68% and 0.68% respectively.

But if you have the ability to repay, you'd better repay in full, so there will be no handling fee.