Everbright Bank has no interest on installment repayment, and only charges installment fees. The specific collection situation is:

1, 3 (month) 2.65%;

2, 6 (month) 4.65%;

3, 9 (month) 6.45%;

4, 12 (month) 8.85%.

In addition, the bank will fluctuate on the basis of this rate according to the card usage and bank policies, but the fluctuation range will not exceed 10%.

Installment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can get the goods or services he needs only by paying a small amount of money, but because the interest is included in the future installment, the amount paid for the same goods or services by installment is more than the amount paid in one lump sum.