There is no interest on the credit card installment of China Merchants Bank, only the installment fee, and the fee rate of each installment is between % and 1.67%.

in the case of credit card installment, there is generally only installment fee, but there is no interest, and only credit card overdraft consumption and cash withdrawal have interest.

China Merchants Bank's credit card installment fee rate is related to the number of installments, and the longer the installment time, the lower the fee rate. At present, China Merchants Bank offers seven installments, namely, 2 installments, 3 installments, 6 installments, 1 installments, 12 installments, 18 installments and 24 installments, and the corresponding handling fees for each installment are 1.%, .9%, .75%, .7%, .66%, .68% and .68% respectively.

handling fee for each installment = total installment principal × handling fee rate for each installment corresponding to the number of installments. The handling fee will be credited to the RMB account of the credit card in installments after the bill installment business application is successful. The repayable principal of each installment of the bill is equal to the total installment principal divided by the number of installments. The repayable principal of each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the remainder is credited to the last installment.

if the amount of 5, yuan is repaid in six installments, and the handling fee rate of each installment is .75%, then the handling fee of each installment = 5, * .75% = 37.5; The principal payable in each installment =5/6=833.33 yuan; Total amount to be repaid in each period =37.5+833.33=87.83 yuan.

Extended information:

The installment payment handled by China Merchants Bank's credit card can be paid off in advance, but the service fee of China Merchants Bank's credit card installment payment is charged in one lump sum, that is, when you choose to pay by installment, the first bill amount and installment fee are paid in one lump sum. There is a one-time handling fee, so even if you prepay later, you won't refund the money.

it should be noted that if the interest is collected in installments, the interest collected before prepayment will not be refunded. If the interest is charged monthly, then the interest after your prepayment will not be charged again. You can consult the credit card customer service of China Merchants Bank for the specific amount.

The credit card installment methods of China Merchants Bank are as follows:

1. Online banking application:

Cardholders can log in to China Merchants Bank's credit card online banking, click on the "installment financing" page online, enter the "bill installment", enter the installment amount, select the installment number, wait for the bank's approval, and the installment will be successful.

2. Telephone application:

Cardholders can call China Merchants Bank's credit card customer service hotline 4-82-5555. After identity verification, cardholders can select the appropriate installment amount and number according to the 78 bill transfer hotline, and the installment will be successful after the system is approved.

3. SMS application:

The cardholder edits the SMS "AG# Amount # Period Number" and sends it to 165795555 (mobile user) or 1655219555 (Unicom user). After the system application is passed, the installment can be successfully completed.

Baidu encyclopedia-credit card installment payment