Is Huabei installment fee free interest free?

No. Huabei.

It is a scenario-based credit consumption tool in the Internet era, and users can use the quota of Huabei to enjoy the shopping experience of "consume first, pay later" when consuming.

Huabei interest-free means that you do not need to repay immediately after you consume, you only need to pay off the amount due on the bill date, and during this time, your consumption amount will not generate interest.

1. The product features of Huabei are:

1. Buy in the current month and repay the loan next month (**Tmall transactions, except for some**travel, recharge, movie tickets and other specific categories, it is repaid next month after confirming the receipt, and repaid next month after placing an order and paying when trading on other platforms).

2. Free use of consumption quota for shopping (if you use Huabei to purchase in installments, the buyer needs to bear the specified fee according to the rate set by the merchant).

3. Convenient repayment, support Alipay automatic repayment.

2. When you use Huabei to pay in installments, you will be charged a handling fee (service fee) according to the following standards:

Phase 3: Rates:; 6th Installment: Rate:; 12 Installments: Rates:

During the event, you can see the prompt of Huabei interest-free installment, which is literally interest-free. But in fact, Huabei installment only needs to pay a handling fee, and does not need to pay interest, so the interest here is equivalent to the handling fee. If the user's Huabei chooses the minimum repayment, or Huabei fails to repay it after the deadline, interest will be generated at this time.

If Huabei installment enjoys interest-free service, then it is the most cost-effective time for installment, which is equivalent to the user borrowing only needs to repay the principal without paying interest.

First of all, Huabei supports interest-free installments, but you can only buy items on a specific interface, and the steps with chaotic bridges are: open the Alipay mobile app, click "My" in the lower right corner, click "Huabei", slide down the page to find interest-free installments, and click "More" on the right side. You can select the product to purchase in this interface, and you can directly pay interest-free installments, and different items have different interest-free periods.

Extended information: 1. What does it mean that Huabei installment is interest-free?

Huabei installment interest-free, which means that Huabei installment does not need to pay interest, but there are also two situations.

One is that as long as the principal is repaid in installments, there will be no fees involved, which is the real interest-free; One is that the installment does not require interest, but you have to pay a handling fee, in fact, it is interest-free and not free, and the handling fee is calculated as a monthly fee, which is equivalent to calculating interest on a monthly basis.

2. Why should Huabei not be interest-free in installments?

If it is the first type of interest-free installment mentioned above, although there is no need to pay any fees, but the wool is out of the sheep, the merchant may add the interest to the commodity in disguise, and the payment with Huabei is equivalent to a one-time payment of interest; If it is the second type of interest-free installment, the longer the installment time, the more expensive the handling fee will be, which may not necessarily save money.

However, for friends who are really in demand, using Huabei installment can allow them to buy goods in advance, and they don't need to save money slowly, and the important thing is that they can also relieve the pressure of repayment.

In short, try not to use one if you don't need to pay interest free installments in Huabei, don't be cheated then, I don't know why! But this is not absolute, after all, everyone's views and needs are different, and you can choose the most suitable consumption method for yourself from your actual needs.

If the payment is overdue, a late fee of 5/10,000 per day will be charged. In addition, Huabei, Tmall installment, Tmall try before you buy, and **use first pay later services will share a consumption limit.

Huabei is a credit card-like service launched by Alipay, and this "credit consumption" tool is similar to credit card products, through which consumers can purchase products and repay them next month.