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If my credit card bill is 7188 divided into 6 installments, how much should I pay in each installment?
Hello, if it is a China Merchants Bank credit card, bill installment (only cardholders holding commercial cards, official cards (including financial official cards), purchasing cards, ANA guaranteed cards or supplementary cards cannot apply) is The new financial management function launched by our credit card can help you repay the consumption amount in your bill in monthly installments. You can send a text message, log in to credit card online banking, or call the customer service hotline 4008205555 to transfer the service specialist to apply.
Handling fee per period = total installment amount × handling fee rate per period. The minimum handling fee per period is 5 yuan, 0.9% per period for 3 periods, 0.75% per period for 6 periods, and 0.75% per period for 10 periods. 0.70% per period, 0.66% per period for 12 periods, 0.68% for 18 periods, and 0.68% for 24 periods.
If you pay in 6 installments, the principal of each installment = 7188/6
The handling fee for each installment = 7188*0.75%
Is the application for bill installment approved? , subject to the comprehensive evaluation results of our bank's credit card center. For bill installment application conditions, please log in to the credit card website/, click "Credit Finance" - "Bill Installment" to check the bill installment terms and conditions.
After the bill installment application is successful, the current bill only needs to repay the amount other than the bill installment, and the principal amount payable in the first installment (principal payable in each installment = total installment principal ÷ number of installments) And the handling fee will be reflected in the next month's bill.
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