Is the car installment fee of Industrial Bank expensive? Is Industrial Bank’s car installment fee expensive? Industrial Bank's automobile installment business is divided into credit card automobile installment business and credit card direct customer installment business based on different handling methods and scope of application. 1. Automobile installment business Automobile installment business refers to the installment payment service provided to Industrial Bank cardholders who purchase first-hand family cars at our bank's contracted automobile cooperative dealers. 2. Direct installment business Direct installment business refers to the installment payment service provided to cardholders of our bank for purchasing first-hand family cars. Number of installments and handling rates for direct customer installment business: Number of installments collected at one time, 12 installments 5.8 0.49/issue 24 installments 10.0 0.43/issue 36 installments 14.0 0.40/issue 48 installments 26.5 0.60/issue Remarks: Open 48 The cities served in the first phase are limited to 13 cities: Chengdu, Deyang, Mianyang, Luzhou, Leshan, Nanjing, Wuxi, Changzhou, Tianjin, Nanning, Changchun, Zhangzhou, and Dalian. Please contact customer service for details. There are four types of Industrial Bank automobile installments: 12, 24, 36 and 48. The minimum one-time handling fee is 5.8 for 12 periods, and the highest is 26.5 for 48 periods. Installment fees range from 0.40 to 0.60. The minimum is 36 periods, charging 0.40 per period, and the maximum is 48 periods, charging 0.60 per period. Moreover, Industrial Bank’s 48-phase car installment is only available in limited areas. Taken together, Industrial Bank's 48-period one-time handling fee is high and the financial burden is heavy. Let’s look at the handling fees for each phase based on a loan of RMB 100,000: Number of installments Collected in one go Collected in installments 12 installments 5800 5880 24 installments 10000 10320 36 installments 14000 14400 48 installments 26500 28800