Instalment payment is the same as credit card installment payment, there is no interest. There is a certain handling fee. Currently, the handling fee rate for Taobao installment payment is generally around 0.7%-1% of the amount of card consumption.

1. The so-called Taobao installment payment does not require consumers to pay the price of goods to Taobao sellers in installments. Instead, you make a one-time payment for the goods through a credit card, and then apply for installment payment from the card issuing bank.

So there is no interest in Taobao installment payment, but the cardholder needs to pay a certain handling fee.

2. The current Taobao installment payment fee rate is generally around 0.7%-1% of the card consumption amount.

By swiping the credit card's corresponding handling fee rate * consumption amount, the corresponding Taobao installment payment handling fee can be calculated. However, there are currently many types of credit cards on the market. Banks such as Bank of China, Bank of Communications, China Construction Bank, and Shenzhen Development Bank have all launched credit cards with their own characteristics. Even the same bank has launched multiple credit cards.

Different credit card types and different installment payment periods often correspond to different Taobao installment payment fee rates. This requires consumers to pay more attention to the relevant policies and fee rates of the card issuing banks.