The installment plan of China Construction Bank is not bad. Taking 12 installments as an example, the monthly handling fee is 0.29 and the annual handling fee is 3.48. However, it must not be understood as an annual interest rate of 3.48. The actual annualized interest rate is about 6.3629.

CCB Installment Pass is intended for customers with good credit records, stable professional income, and normal consumption behavior. CCB will grant them a special installment pre-credit line in advance to meet their daily large-amount consumer credit needs. The customer has successfully applied for it. Installment payment service that can be consumed at specified types of merchants.

CCB Quick Loan is a full-process online self-service loan launched by CCB for individual customers. Customers can complete the loan online through CCB’s electronic channels, including real-time application, loan approval, contract signing, disbursement and repayment.

CCB Installment Pass can be divided into 6, 12, 18, 24, 36 and 48 installments. The more installments, the higher the interest rate and the higher the corresponding interest. The specific installment interest rates are as follows:

1. For repayment in 6 installments, the interest rate for each installment is 0.52;

2. For repayment in 12 installments, the interest rate for each installment is 0.48;

3. 18 installments, the interest rate per period is 0.50;

4. 24 installments, the interest rate per period is 0.51;

5. 36 periods For repayment in installments, the interest rate for each period is 0.52;

For 6 and 48 installments, the interest rate for each period is 0.55.

The interest calculation date for the handling fee for CCB Installment Pass will start:

It is reported that the starting date for the interest calculation for Installment Pass is the day when the payment is transferred to the special debit card, not the date of application. In other words, as long as the installment pass application is completed and the installment pass amount is transferred to the special debit card, interest will be calculated from today. For example, you apply for an installment pass on the 14th, and after the money is approved on the 20th, the money is transferred to the installment pass debit card, and then the interest calculation starts on the 20th.

A special reminder is that some users have successfully applied for installment plans but have not used debit cards to make purchases, so they think that interest will not accrue. This is incorrect. As long as the installment limit is successfully transferred to the special debit card, interest will be calculated at an interest rate of 0.4 per installment regardless of whether it is used or not.