If you spend 4,500 yuan with a Bank of Communications credit card and apply for installment business, the installment fee rate for each installment is 0.72%. Installment payment has no interest and only handling fee. The processing fee is paid monthly.

You pay in 9 installments each month: handling fee 4500X0.72% + principal 4500÷9=32.4+500=532.9 yuan.

Instalment payment can be repaid within the next billing cycle after applying for installment approval.