ICBC Apple’s 24-period interest-free event refers to an installment payment plan jointly launched by ICBC and Apple. Customers can choose to use this plan to purchase Apple products, pay in installments and enjoy interest-free discounts.

According to my understanding, interest-free installment payment usually refers to the preferential activities provided by banks to promote a certain product or service. In this case, although the repayment amount of each installment may be slightly higher than the actual purchase price, the total repayment amount should be equal to the purchase price of the Apple product.

However, the specific repayment amount may be higher than the actual purchase price in the following situations:

1. One-time handling fee: Some banks may charge in installments There is a one-time fee charged in the plan, which may cause the repayment amount in each installment to be higher than the actual purchase price. Such fees are usually built into each repayment in advance.

2. Credit card interest: If you use a credit card to pay in installments during the purchase, and you have an unpaid balance in a previous bill, the bank may charge interest. Such interest will also cause the monthly repayment amount to be higher than the actual purchase price.

In short, if you find that the repayment amount per installment is higher than the actual purchase price, I suggest you carefully read the terms and conditions related to the installment plan to determine whether it includes one-time handling fees or interest, etc. factor. If you have any questions, it is best to communicate with the customer service staff of ICBC for more detailed explanation and help.