Peony Credit Card of Industrial and Commercial Bank of China has the characteristics of low installment starting point, more installment times, simple procedures, convenient repayment, no delay, no prepayment fee and refund of installment fee. The initial amount of installment business is RMB/HK$ 600 yuan and USD/Euro 100. Provide customers with six options, namely, three, six, nine, 12, 18, and 24, and charge installment fees according to different installments. When applying for installment payment, in order to make the repayment amount from the first installment average to the same integer, the first installment principal and the first installment handling fee will be more than others.

Although installment payment is interest-free, the annual interest rate is very high, which is basically 15%.

There is a reference for calculating the annual interest rate of credit card installment.

You can have a look if you are interested.