Each installment payment transaction can only be extended once, and the cumulative period after extension can only be one of 6, 9, 12 and 24 periods.

Agricultural Bank credit card installment extension fee and handling fee:

The extension fee for installment extension is RMB 1 yuan, and the extension fee enjoys interest-free treatment. After the extension, the handling fee for each installment is .6% of the unpaid installment principal at the time of applying for extension

Agricultural Bank credit card installment rate standard:

The handling fee for each installment is .6% of the installment principal.

Please refer to the following table for the interest rate standard of consumer installment payment business:

For example, the current installment fee rate charged by the bank is about 7.2%. Assuming that the bill of 12, yuan needs to be repaid in 12 installments, not only the principal 1 yuan will be repaid every month, but also the overall installment fee, that is, 12,× 7.2%/12 = 72 yuan. However, we often overlook that the funds occupied by stages are segmented. In fact, we only used the funds paid in the first phase for one month, and the funds paid in the second phase for only two months, and the handling fee we pay each month is calculated at the annual interest rate of 7.2%.

On the whole, the real interest rate of 12, yuan in 12-month installments is much higher than we thought. According to professional calculations, its actual annual interest rate is as high as 22.34%. Therefore, installment payment has a cost. Generally, the higher the amount and the number of installments, the higher the handling fee.

The above is the introduction of installment interest rate of Agricultural Bank of China.