What is the installment interest rate of China Merchants Bank?

China Merchants Bank's bill installment is a financial function provided by China Merchants Bank Credit Card Center for eligible cardholders to repay credit card transactions in RMB accounts and US dollars accounts in installments, including the installment of unbilled transactions and the installment of bill transactions. Only holders of business cards, business cards, purchasing cards, ANA protection cards or supplementary cards cannot apply. Other credit cards will do.

What is the installment interest rate of China Merchants Bank?

The installment repayment business provides a variety of personalized installment options, and the actual number of installments and the handling fee rate are subject to the real-time evaluation results of the system. The approximate converted annualized interest rate corresponding to installment repayment is 0%- 18% (the approximate converted annualized interest rate is calculated by simple interest). There is only a handling fee for installment repayment, and no extra fee is charged.

Can China Merchants Bank repay in installments in advance?

China Merchants Bank can repay the loan in installments in advance, but after the application is approved, it must pay off the outstanding installment payment and the remaining unpaid handling fee in one lump sum, and the collected installment handling fee will not be refunded. In other words, after prepayment, the installment rate cannot be less, so it seems unnecessary to apply for prepayment after installment.