China Merchants Bank credit card will be swiped in installments 15000, divided into 24 months. How much will it cost each month? How much is the interest?

Hello! If the credit card bill of China Merchants Bank is paid in installments, the repayment amount of each installment is = 15000/24 = 625 yuan; Handling fee for each period = 15000 * 0.68% = 102 yuan; The total repayment amount of each installment is 727 yuan, and the total handling fee is 2448 yuan. (The above results are for reference only, subject to the bill display. )

Bill installment (only cardholders with business cards or supplementary cards can't apply for it temporarily) is a new financial management function launched by our credit card, which can help you repay the consumption amount in the bill by monthly installments. You can send a short message, log in to online banking with a credit card or call the customer service hotline 4008205555 to transfer the application to the service specialist. Handling fee for each period = total amount of bills in installments × handling fee rate for each period, and the minimum handling fee for each period is 5 yuan. We provide cardholders with personalized choices of 2, 3, 6, 10, 12, 18 and 24 installments, and the corresponding handling fees for each installment are 1.0%, 0.9%, 0.75% and 0.7% respectively. Whether the bill installment application is approved or not shall be subject to the comprehensive evaluation results of our credit card center.

After the bill installment is successful, the cardholder only needs to repay the remaining bill amount after deducting the bill installment amount before the due repayment date. After that, the repayable principal of each installment of the bill = total installment principal ÷ number of installments. The principal payable in each installment (accurate to the minute) is credited to the cardholder's credit card account every month, and the balance is credited to the last installment. Handling fee per installment = total installment amount × handling fee rate per installment, and the minimum handling fee per installment is 5 yuan. The installment fee is the same as the principal payable in each installment, and it will be repaid in installments.