Monthly interest rate = rate (60,672,20000,0,0) = 2.67%, annual interest rate =2.67%* 12=32.04%.

The handling fee rate of China Construction Bank for the 60th period is about 0.4%. Generally, you can choose 6/ 12/24/36/48/60 installments (months), and you need to pay the handling fee for the corresponding number of installments.

CCB installment service is an installment payment service for customers with good credit records, stable professional income and normal consumption behavior. CCB has granted them a special installment pre-credit line in advance to meet the daily demand for large-scale consumer credit, and customers can spend at designated merchants after successfully handling it. Business covers a wide range of consumer areas, such as large-scale durable goods consumption, wedding, parenting, settlement, health and so on.