See if you have automatic deduction. If there is, the bank will automatically deduct the money every month. If you haven't handled it, you will return it yourself every month. When paying by installment, the bank will give priority to automatic deduction for you, so as to avoid forgetting to pay and causing credit damage to users.

1. If you use Huabai to pay by installment and the automatic repayment function is turned on by default, then on the repayment date you choose, Alipay system will automatically deduct the corresponding amount from the balance of Alipay account, bank card or Alipay balance treasure bound to you for repayment.

2. If you use a credit card to repay in installments, as long as the credit card signs an automatic repayment agreement, the banking system will automatically deduct the amount you need to repay from your bound repayment account on the monthly repayment date.

It should be noted that automatic repayment doesn't mean you don't have to look at the bill anymore. You still need to regularly check whether the funds in your repayment account are sufficient. If the balance of repayment account is insufficient, automatic deduction fails. Because installment payment is an overdraft credit, if it is not repaid in time, it will affect personal credit and cause a series of problems such as loan failure in the future.

How much is the interest on installment payment by major banks?

1. The credit card installment fee of China Construction Bank, Agricultural Bank, China Bank and Postal Bank is 0.6% on average, with no interest.

2. Bank of China: It can be divided into 3 months, 6 months, 9 months, 12 months, 18 months and 24 months, and the handling fee will be charged in one lump sum in the first month. The installment rates are 1.95%, 3.6%, 5.4%, 7.2%,1.7% and 15% respectively. Agricultural Bank of China: It can be divided into 3 months, 6 months, 9 months, 12 months and 24 months, and the handling fee is charged every month. The installment rate is 0.6% per month.

3. China Construction Bank: It can be divided into 3 months, 6 months and 12 months. The handling fee is charged monthly, of which the three-month rate is 0.7% and the other two categories are 0.6%;

4. ICBC: It can be divided into 3 months, 6 months, 9 months, 12 months, 18 months and 24 months, and it can be collected once or every month. The handling fee rates for installment payment (postponement) are 1.65%, 3.6%, 5.4%, 7.2%,1.7% and15.6% respectively;

5. Shanghai Pudong Development Bank: It can be divided into 6 months, 12 months, 18 months, 24 months, and the handling fee is charged every month. The installment fee rates are 0.74%, 0.7 1%, 0.7 1% and 0.7% respectively.

6. China Merchants Bank: It can be divided into 3 months, 6 months and 12 months, and the handling fee is charged once in the first month. The installment fee rates are 2.6%, 4.2% and 7.2% respectively;

7. Industrial Bank: It can be divided into 3 months, 6 months, 12 months, and the handling fee for the first month will be charged in one lump sum. The installment fee rates are 1.8%, 3.6% and 7.2% respectively.