If the installment amount exceeds the consumption amount, ICBC will not be able to go to Xiaomi to buy things in installments.

Installment payment is a kind of transaction method. Simply put, in some product transactions with long production cycle and high cost, instead of paying all the expenses at one time, it is agreed to pay the money in several installments and pay certain installment interest within a certain period of time. For example, if you buy a product with a price of 12000 yuan and pay in installments of 12, then the consumer only needs to pay 1000 yuan per month. If there is installment interest, you have to pay an extra fee every month.