It is understood that installment payment is a bill installment payment service provided by the Industrial Bank Credit Card Center to eligible cardholders. Cardholders can divide the current bill amount into three periods, six periods, 12 periods, 18 periods, 24 periods and 36 periods through the official WeChat of Industrial Bank Credit Card and the customer service hotline 9556 1, and only part of the principal and service fee can be repaid in each period.

It should be noted that after the installment of Industrial Credit Card is successful, the amount applied for installment will be frozen within the quota, and the installment fee will be shared in the bill of each installment, which means that the installment principal and installment fee will also occupy the credit limit, but will be restored with the cardholder's repayment in each installment until it is fully paid off.

For example: For example, your Industrial Credit Card has a total credit of 50,000 yuan, and the current bill amount is 3,000 yuan, which will be repaid in six installments with a handling fee of 0.75%. After the installment is successful, the available quota will become 50000-3000 = 47000 yuan, but with the repayment of each installment, a part of the quota will be restored, for example, the available quota is 47000+3000/6+30.

Tips:

1. If each installment is successful, some production lines will be released.

2. After the installment of the bill is successful, the installment amount will be frozen immediately.

3. Within the allowed credit limit, you can handle multiple billing installments.

In short, Xingye Credit Card will occupy the credit line in installments, but after installment, with the repayment of each installment, part of the credit line will be restored, but if your credit line is too low, don't apply.