The installment application can be cancelled within 24 hours, and it cannot be cancelled after this time. It's no use paying back in advance, and the interest should also be paid.

Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment.

Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.

Therefore, we must make a clear understanding of our consumption before making a decision.

Extended data:

Credit card installment fee rate of CCB:

1. billing installment: the handling fee rate is 0.75% for the 3rd installment, 0.70% for the 6th installment, 0.60% for the 2nd installment, 0.60% for the 4th installment, and 0.62% for the 4th installment.

2. Stages of consumption: the handling fee rate is 0.7% for three phases, 0.6% for six phases, 12, 18, and 24 phases.

3. Cash installment: the handling fee rate is 0.8 1% for the third installment; 6. 12, 18 and 24 are all 0.75%.

References:

China construction bank-credit card