The interest on credit card installment payment of Industrial Bank is calculated as follows:

Number of installments, principal payable and installment fee

(1) The number of installments that cardholders can apply for is 3, 6, 12, 18, 24 and 36 (each installment is one month).

(2) The repayable principal of each installment is equal to the total amount of installment principal divided by the number of installments, which is accurate to the minute, and it will be allocated on the first billing day after the installment, and it will be recorded in installments on the billing day of each installment.

(3) There are two ways to charge the installment fee: one-time charging and installment charging, in which the installment fee is equal to the total amount of installment principal multiplied by the installment fee rate, and it is recorded on the billing date of each installment after installment, and the one-time charging of installment fee is equal to the total amount of installment principal multiplied by the installment fee rate, and it is recorded on the first billing date after installment.

(4) The charging standard of installment fee rate for each installment number is as follows:

Note: The charging standard of installment fee for US dollar consumption business is the same as that for RMB consumption installment business.

(5) The principal payable in each installment and the installment fee will be fully included in the minimum repayment amount.