Advice on installment payments, what are the pros and cons of installment payments

Just pay in installments according to your financial strength.

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The interest rate of eating people without spitting out bones is very high, and the budget is sufficient, so it is recommended not to choose.

Installment payment is a common payment method for modern people. Many times, we want to buy a product or enjoy a service, but we don't have enough funds for the time being, so we can use the installment payment method to transfer the payment pressure to a later period of time. There are many installment payment platforms on the market, but how can you choose the right one for you?

First of all, we need to determine the amount of funds we need, if you need a small amount of funds, you can choose some loan platforms with a lower amount. If you need more money, you can focus on platforms with higher loan amounts.

Secondly, we also need to take into account the number of installments we want to install, and most of the loan platforms on the market have an installment period of between 3 months and 3 years.

The most important point is that we need to choose some regular big brands, and the loan products launched by regular platforms will be more reliable and formal.

Du Xiaoman Finance will effectively implement the call of the state to support small and micro enterprises to tide over the difficulties, and its credit service brand has the money to spend to fully support the production and operation of small and micro enterprises, and Du Xiaoman Finance is the primary choice for most small and micro business owners when their capital turnover. It is reported that seventy percent of the credit users of Du Xiaoman Finance are small and micro business owners. Up to now, Du Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of yuan in loans to small and micro business owners.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

Legal Analysis: The pros and cons of installment payments are as follows: Pros:

Alleviate the financial pressure of the one-time payment, and also use the housing payment to urge the developer to fulfill the commitments in the contract. Disadvantages: With the extension of the payment term, the interest rate will be higher, and the amount of the house payment will be higher than the amount of the house payment in a lump sum.

Legal basis: Article 634 of the Civil Code of the People's Republic of China If the buyer who pays in installments fails to pay one-fifth of the total price, and fails to pay the due price within a reasonable period of time after being reminded, the seller may request the buyer to pay the full price or terminate the contract.

If the seller terminates the contract, it may request payment of royalties for the subject matter from the buyer.

Installment Benefits:

Savings can be forced through this installment payment.

You can enjoy the service in advance and satisfy the sense of pleasure.

Installment payments can boost the economy and facilitate the achievement of sales targets.

Paying in installments with a credit card to buy something that you want to buy but don't have enough cash flow at the moment is easier than applying for a loan, and the interest rate is lower.

Disadvantages of installment payments:

Installment payments can add to some people's financial worries.

Installment payments will have different fees and interest, which will increase the expenses.

You can no longer negotiate the price of the purchased items with the merchant and cannot enjoy discounts.

There is a limited range of items that can be bought in installments.

1. It has become a common phenomenon to buy a house through mortgage loans with little upfront investment. Loans, that is, borrowing money from the bank to buy a house, do not have to spend a lot of money immediately, you can buy your own house, so the first advantage of taking out a loan to buy a house is that you can buy a house with less money. 2. Flexible fundsThis method is better for loan buyers, because their use of funds can be more flexible, especially for those who just need to buy a house for self-occupation, and also reduce the pressure of raising a large amount of funds at one time.

3. The risk of small mortgage loan is to borrow money from the bank to buy a house, in addition to the buyer is concerned about the advantages and disadvantages of the house, the bank will also review the value of the house, whether there is a mortgage or not, etc. In this way, the insurance of buying a house is improved. As a special sales contract, the installment sales contract refers to the payment of the price by the buyer to the seller in installments in accordance with the contract after the conclusion of the contract.

The essential feature of an installment sales contract is that the buyer does not pay the entire price in a lump sum, but pays the price in installments according to the agreed time limit, which is the main basis for judging whether a sales contract is an installment sales contract. However, is it a contract of sale and purchase of installments as long as the payment is made in a different period of time? This involves the understanding of "instalments" in instalment sales contracts.

For example, the parties agree in the sales contract that the contract payment will be paid in 12 installments, each of which will be paid on the last day of each month, starting from the month in which the contract is signed. The "period" of the installment sales contract is characterized by the certainty that it can be reached, which is different from the "condition".

Legal basis: According to the relevant provisions of the Contract Law, the payment method, as an important part of the contract, should be determined by the parties to the contract through negotiation. Therefore, the Contract for the Sale and Purchase of Commodity Housing lists several payment methods for the parties to choose and apply when entering into the contract

1. One-time payment. This kind of payment method is simple and clear, and it is less affected by external forces, and the procedures are relatively simple. That is, the predetermined buyer fulfills the payment obligation at the agreed time, and the developer delivers the residence to the buyer, and the contract is completed.

This method is suitable for buyers with good economic ability, and it is also the development enterprise that wants to use it; 2. Pay in installments. This payment method stipulates that the buyer negotiates with the real estate developer to pay the purchase price in several installments; 3. Other ways. In the actual sales work, it mainly includes bank mortgage loans and housing provident fund loans.