Is the interest rate higher after Huabei installment or the interest paid in installments higher?

The interest rate on the split payment is high, and there is no interest-free period. WeChat payment is not interest-free, more inclined to consumer loans, from the day of use on a daily basis, calculated according to the daily interest rate, the annualized interest rate of the split payment is about 14%, which is still relatively high. Huabei has an interest-free period, and no interest is charged for full repayment on the repayment date, and friends can still repay in installments.

is not high. The installment interest of Huabei is related to the total amount of installments, the total amount of 3 installments, the total amount of 6 installments, the total amount of 9 installments, and the total amount of 12 installments. Suppose 1000 yuan to be installed:

The total amount of 3 installments: 25 yuan, that is, 1025 3=, repayment for 3 consecutive months; The total amount of 6 installments: 45 yuan, that is, 1045 6 = for each installment, and the repayment for 6 consecutive months; The total amount of 9 installments:

65 yuan, that is, 1065 9 = repayment in each period, continuous repayment for 9 months; The total amount of 12 installments: 88 yuan, that is, 1088 12 = for each installment, and the repayment for 12 consecutive months.

It's not the same thing.

Installment is equivalent to an online loan, with interest calculated on a daily basis.

Huabei. The installment is equivalent to the credit card installment, and the service fee is received and the service fee is charged on a regular basis. Many of the fees are low or even interest-free.

Interest is calculated on a daily basis from the date of use. In terms of daily interest rates, the annual interest rate is still relatively high at around 14%. There is an interest-free period in North China.

No interest will be charged on the full repayment date and the partner can still repay the loan in installments.

Interest payments are high and there is no interest-free period. WeChat Pay is not free interest, it is more inclined to consumer loans, from the same day of using the daily interest, the annual interest rate is about 14%, or even higher, calculated according to the daily interest rate. Flowers have an interest-free period, and the full repayment on the repayment date is not interest-bearing, and the partner can still pay in installments.

The interest distribution is high, and the repayment period is not free. Without exception, WeChat business has priority for consumer loans, with an annual interest rate of about 14% or more calculated at the interest rate from the date of use. The flowers will be free, no interest will be charged on the full repayment date and the boy will still be able to pay in installments.

At the daily interest rate, the annual distribution rate is around 14%, which is still relatively high. There is an interest-free period in North China, and no interest will be charged on the full repayment date of the repayment date, and the partners can still repay the loan in installments.

Installment is equivalent to an online loan, and interest is calculated on a daily basis Huabei installment is equivalent to credit card installment, and the service fee is received and the service fee is charged on time. Many of the fees are low or even interest-free.

Huabei is high installment interest or installment interest, there is no difference between installment and installment, the interest is the same!

The interest of Huabei installment is not high. First of all, Huabei is not a loan product, so usury is impossible. Secondly, Huabei belongs to consumer finance.

It has no interest. It is similar to a credit card. Pay after consumption, no annual fee.

Finally, the Huabei installment interest rate is not high. You can calculate it yourself. The monthly repayment multiplied by the number of months is the total amount of repayment, the total amount of repayment minus the actual amount owed is the interest, the monthly interest rate is the interest divided by the number of months divided by the total amount of repayment, if the monthly interest rate is higher than 3%, it is usury.

The actual interest of Huabei: for example, the original price of 558 goods:

Huabei Phase 3, a total of 536, more than the original price of 12 yuan.

Huabei Phase 6, a total of 583, more than the original price of 25 yuan.

Huabei 12 phases, a total of 600, more than the original price of 42 yuan.

Taking Huabei 12 as an example, at first glance, the interest of 558's shoes is only 42 a year, less than 8%, but this is not how the interest is calculated. Because Huabei's installment payment has to be repaid every month, but the principal of the month you repay is also calculated as interest, and it is calculated until the month you have not repaid. This is a word game played with everyone, making everyone mistakenly think that the interest is not expensive.

In fact, according to the public ownership formula of equal principal and interest, the 12-year interest rate of Huabei is, the 6-year interest rate of Huabei is, the annual interest rate of the third period is %, and the overall annual interest rate is between 13% and 15%.

The minimum payment for Huabei is the same as the minimum payment for the credit card, and he is based on 10% of the amount we owe. Of course, the rest must be calculated as interest, and the remaining interest is calculated according to the non-repayment. If your outstanding amount is 20,000 yuan, then according to the interest rate, you will have an extra 10 yuan of interest per day, and 300 yuan of interest for a month.

You can choose the number of stages in the Huabei stage. The interest rates corresponding to the number of phases are tentatively set as follows: Stage 3, Stage 6, Stage 9, Stage 12.

Service fee for each installment = total installable principal Total installment interest rate Number of installments; The amount is accurately credited on a monthly basis, the balance is credited to the first installment, and the handling fee has been charged and is non-refundable.

First of all, Huabei is not a loan product, and there is no way to talk about usurySecondly, Huabei belongs to consumer finance and has no interest, which is similar to a credit card, spend first and pay later, and there is no annual fee.

Finally, the interest on Huabei installment is not high, and you can calculate it yourself.

The monthly installment amount multiplied by the number of months is the total repayment amount, the total repayment amount minus the actual amount owed is the interest, the interest divided by the number of months divided by the total repayment amount is the monthly interest rate, and the monthly interest rate higher than 3% is usury.

Not very high. Huabei can installment the bills on the 1st of each month, which can be divided into installments, and the corresponding rate for the number of installment periods: 3 installments; 6 installments; 9 periods; 12 installments.

There will also be overdue interest if Huabei is overdue, and Huabei overdue interest will be overdue according to the number of days overdue for the repayment amount. If 1,000 yuan is overdue for one day, you will have to pay the overdue interest of yuan.

Huabei installment repayment has interest.

The monthly repayment items of Huabei installment are as follows:

1. Principal repayable in each installment = total principal that can be repaid in installments Number of installment periods;

2. Handling fee for installment repayment = total principal of installment repayment Total installment rate Number of installment periods;

3. The amount is accurate to be included in the monthly installment, and the remainder is included in the first installment, and the handling fee has been collected and cannot be refunded.

Extended information: Huabei installment needs to distinguish between commodity installment and bill installment, and the corresponding fee calculation rules are as follows:

1. Huabei installment:

Buyers: You need to bear the specified fee according to the handling fee ratio set by the merchant, so please refer to the page display when you place an order, and the rate is different for different periods.

2. Huabei bill installment:

You can installment the previous month's bills from the 1st of each month to the repayment date (8th, 9th, or 10th, depending on the page). The number of installments is as follows:

Phase 3, Phase 6, Phase 9, Phase 12, please refer to the page display for specific rates.

Huabei installment repayment is divided into multiple minutes, so whether there is interest in installment repayment should also be discussed in multiple minutes:

1. Repay the loan on timeHuabei does not charge interest for on-time repayment, but does charge an installment fee. The installment handling fee is calculated as follows: the total amount of installment repayment * installment rate, and the installment handling fee must be repaid for each installment repayment.

Huabei repays on time after installment, because the installment number is selected when installment, it needs to be repaid on time according to the installment number. During the repayment process, in addition to the repayment of the principal amount due, there is also an additional repayment of the installment fee. This part of the installment amount cannot be repaid at a minimum, so if the user does not repay the full amount, the system will consider the user to be overdue.

2. Pay in installmentsWhen users use Huabei to pay for a single consumption, they can choose to pay in installments at the time of payment, and the installment page will allow users to select the number of installments, and then the page will display the rate of the current installment. The installment rate is usually 3 installments, and this installment fee is charged by the merchant in one lump sum. When the payment is made in installments, the total amount of the payment will be deducted at one time, and then the user will repay the loan in installments, and the monthly repayment amount of the installment repayment includes the installment principal and the installment handling fee.

3. Bill installmentAfter the user's Huabei is released, the user can choose the bill installment, and the bill installment and installment payment rates will be slightly different, please refer to the display on the page for details. Bill installment is also a type of installment repayment, and the user needs to repay the repayment amount after the bill installment within the subsequent installment periods, including the repayment principal and installment handling fee. Therefore, Huabei bill installment will also incur a certain handling fee.