1, mobile phone installment has no interest and is not allowed. Generally speaking, about 5~6% of the total amount is the so-called handling fee. According to different stores and the length of installment, each installment ranges from 1% to 4.5%.

2. Pay the handling fee every month. The calculation method is: transaction amount x( 1 ~ 4.5)%+ transaction amount ÷ number of periods = monthly payment amount.

3. Generally, the actual payment for buying a mobile phone by installment is about 500 to 600 higher than the price of the mobile phone.

Extended information 1. Bank installment repayment is an installment repayment business to avoid penalty interest according to the total consumption limit when customers can't repay the overdraft amount of credit cards at one time.

2. Compared with installment payment, installment payment is different in application procedure and application scope. For example, Xiao Li wants to buy a mobile phone by installment, so he should go to a store that cooperates with a credit card. The installment repayment business does not need to specify the consumption place and category. If the customer realizes that he can't repay in full on time after swiping the card, he can call to apply. However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.