ICBC credit card installment payment rate (the lowest in the country)

3 periods 1.03, 6 periods 1.8, 9 periods 2.75, 12 periods 3.58, 18 periods 5.36, 24 periods 7.05

There are 36 car installments at 10.43%

If you choose 12 installments

The principal payable per installment = 16000/12=1333.33 yuan

Handling fee=16000*3.58=572.8 yuan

First installment repayment = principal repayable in each installment Remainder of handling fee=1333.33 572.8 0.04=1906.17

It is the lowest 1/4-1/3 of the interest on the repayment amount