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How to calculate the cash installment fee of China Merchants Bank credit card?
Hello, we can choose a variety of cash installments, and the handling fee will be repaid monthly. The number of periods includes 3 periods, 6 periods, 10 period, 12 period, 18 period and 24 periods, and the corresponding handling fee for each period is 0.95%, 0.80%, 0.75%, 0.75% and 0.75% respectively. Handling fee per installment = total installment principal × handling fee rate per installment, and the installment principal and handling fee are fully included in the minimum repayment amount of the current bill.

Cash installment application currency only supports RMB. Each application starts from 2000 yuan, and the cumulative maximum application amount does not exceed 50000 yuan. (The maximum cash installment amount for each customer must be reviewed by us. )

The money obtained by applying for cash installment shall not be used for investment (including but not limited to equity investment such as house purchase, stocks and futures), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).