1, the first one month. Generally, it is divided into 2 periods, 24 periods and 36 periods, with a maximum of 60 periods, that is, 5 years. Handling 60 mortgages requires civil servants or teachers to have authority.

2. There are three main ways of car loans, namely, car purchase by installment with credit cards, car consumption loans from banks and loans from auto finance companies. Different loan methods have different provisions on the loan term.

Data expansion:

(1) 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.

(2) The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.

(Source: Baidu Encyclopedia: Installment Payment)