The interest rates are the same. The longer the installment, the higher the interest rate. Installment is also very convenient, especially when funds are tight. Installment can relieve immediate pressure and extend the repayment time.

Generally, the fees of the four major banks, ICBC, Agricultural Bank of China, China Construction Bank and China Construction Bank, are similar. Among them, if it is divided into 3 installments, ICBC is the lowest; if divided into 6 or 12 installments, the fees of the four major banks are the same, each installment is 0.6 %; for the 18th or 24th period, the ABC is 0.6% for each period.

The installment fees of large joint-stock commercial banks such as China Merchants Bank, Shanghai Pudong Development Bank and Minsheng Bank are relatively high. If you repay the loan on time after applying for installment, no interest will accrue, only a handling fee will be charged.

Extended information:

Agricultural Bank of China's installment business:

Instalment payment handling fee: the maximum does not exceed the installment amount*number of installments*1.2%.

Extension handling fee: no more than 200 yuan or the equivalent in foreign currency.

The annualized handling rate for installment business conversion is: 0%-16.04% (the above rate is the annualized internal rate of return calculated based on the cardholder’s cash flow. Due to the interval between the installment product chosen and the billing date , actual number of days per month, early repayment, cooperative merchants, etc. may vary)

Agricultural Bank of China - Charges