The installment fee will account for about 23.2% of the payment. (According to the installment duration, each installment ranges from 1% to 4.5%, which is standard). If you apply to the bank for installment payment by credit card, the handling fee charged by the bank for 12 installment is generally about 0.7% per installment.

This shows that it is beneficial for the seller to participate in the cooperation. The cheapest way to buy things is to pay in one lump sum, and maybe even get some discounts. Installments will definitely be more.

Extended data

Matters needing attention

With the increasing popularity of credit cards, more and more cardholders choose the "zero interest" installment consumption model. Many people feel that the consumption burden is hanging, but "zero interest" is not "completely free". Interest-free installment payment of credit cards seems attractive, but in fact it hides "murder".

Take the popular car purchase by stages as an example. Although many banks or car dealers have advertised "zero down payment and zero interest", the word "zero handling fee" is rarely used in advertisements. Financial experts revealed that credit cards can be paid in installments at will.

In essence, it is a disguised consumer loan. For example, the sum of the handling fees for installment payment can be regarded as the sum of the annual interest of consumer loans. It actually charges a certain fee.

Refer to Baidu Encyclopedia-installment repayment