What is the best installment payment?

Hello, the loans on the market can basically choose to be paid in installments to relieve the pressure on funds, and the time ranges from 3 months to 3 years. Choosing installment payment is not only to choose a long installment and low pressure, but more importantly, to choose a regular big brand, the loan platform is guaranteed, and the funds and personal information are safe.

It is recommended to use Youqian Hua, the original name of Youqian Hua is "Youqian Hua", which is a credit brand of Du Xiaoman Finance, which provides users with safe and convenient, unsecured and unsecured credit services

It has the characteristics of simple application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest rate and strong security.

Share with you the application requirements for consumer products with money: it is mainly divided into two parts: age requirements and information requirements.

2. Information requirements: During the application process, you need to provide your second-generation ID card and your debit card.

Note: Only debit cards are supported, and the application card is also your debit card. My identity information must be the second-generation ID card information, and I cannot use a temporary ID card, an expired ID card, or a first-generation ID card to apply.

This answer is provided by Youqianhua, due to objective reasons such as the timeliness of the content, if the content is inconsistent with the actual interest calculation method of the Qianhua product, it shall be displayed on the page of Du Xiaoman Financial APP-Youqianhua Loan. Hope this helps.

It is understood that the Bank of Communications is the first to launch a credit card arbitrary installment, no matter what you buy in **, as long as the dual-currency credit card of the Bank of Communications is applicable, and the consumption amount of a single card exceeds 1500 yuan, you can call customer service two days after the transaction date to two days before the bill date, and turn the consumption into 6 months, 9 months and 12 months of installments. Although this installment plan is also interest-free, the cardholder will not incur any interest charges when paying the repayment amount on time, but the bank will charge a certain percentage of the handling fee every month.

Specifically, the standard of the handling fee is determined by the total amount that needs to be paid in installments. The handling fee varies depending on the amount spent68%。

If you spend 6,000 yuan by card, you will repay it in 6 months, and you will have to repay the outstanding amount of 1,000 yuan and a handling fee of 1,000 yuan per month, and the handling fee will total yuan. Guangfa Bank interest-free installment payment, a single credit card consumption of more than 500 yuan, you can apply through customer service ** on the second day of the card to the day before the bill date, and the single consumption can be divided into 3 months, 6 months and 12 months of installments.

Comparatively speaking, any installment shopping is not subject to shopping malls and commodity restrictions, but the cost slightly refers to the bank designated merchants and products, cardholders will be divided into a number of installments when swiping the card, taking China Merchants Bank as an example, the bank's credit card and Gome, Suning, industry and trade and other merchants to purchase any piece of electrical appliances worth more than 1,500 yuan, can be paid in installments, depending on the installment of a one-time charge or handling fee. However, in shopping malls such as Wangfujing Department Store and Ocean Department Store, you can pay in installments if you shop (except **) for 600 yuan, and the fee is free. China Merchants Bank, Bank of Communications and other bank credit cards have opened this business.

Instalment payment at designated merchants is lower than any instalment plan, but there are restrictions on the products and malls that cardholders can purchase. Cardholders should also enjoy in advance and don't forget to estimate the cost and choose the most suitable installment plan.

This problem cannot be generalized and can be divided into the following two situations:

1. For users with temporary financial pressure, credit card installment is more cost-effective, and using credit card installment can relieve the user's temporary financial pressure. However, there will be a certain installment fee if you choose to pay in installments with a credit card, and the specific fee depends on how many installments you repay. In addition, after choosing to repay the loan on time after choosing to installment, so as not to affect personal credit.

2. For users who have no financial pressure, credit card installment payment is not cost-effective, because installment payment will generate installment fees, which means that users have to spend more money, so it is not cost-effective.

Extended information: The number of installments available for credit cards mainly depends on the regulations of the issuing bank and the type of installment business handled by the customer. However, most bank credit cards can choose from 3 periods, 6 periods, 9 periods, 12 periods, 18 periods, and 24 periods. Some bank credit cards can be divided into 2 periods, 10 periods of several special periods, as well as 36 periods of ultra-long-term number (for details, please contact the customer service of the issuing bank, subject to the display on the installment page).

When customers installment their credit cards, they can choose the appropriate number of installments according to their own needs and repayment ability. However, you need to note that the instalment fee rate may also vary depending on the number of installments you choose. Of course, the longer the instalment of a credit card, the more instalment fees you have to pay.

It is recommended that customers do not always apply for a very long number of installments, so as not to make the bank think that the repayment ability is insufficient, which is not conducive to the increase of the card limit. Usually you can choose the number of periods from 3 to 6 periods, and if you want to have longer installments, 12 periods is enough, and it doesn't have to be too long.

Credit card installments do not count as loans:

Whether it is a credit card bill installment, a consumption installment, or a cash installment, it is a credit card business, not a loan. In the personal credit report, it is also shown in the credit card record in the credit history, not in the loan record.

Some people may mistakenly think that cash installment is a loan, but it is not. For example, some cash installments will occupy the credit card spending limit, which itself will not be recorded independently; Although a separate account will be opened for special cash installments that do not occupy the credit card consumption limit, they are also displayed in the form of electronic credit cards on the personal credit report, not in the form of loans.

Of course, whether it's a credit card installment or a loan, customers should remember to repay on time. Otherwise, once it is overdue, it will leave a bad credit record in the personal credit report, and it will generally be retained for at least five years after the customer pays it off before it can be deleted. At that time, whether it is a credit card installment overdue record or a loan overdue record, it will lead to personal credit damage.

Installment repayment is more cost-effective.

In response to this dilemma, let's make a comparison. Let's get a visual idea by comparing the numbers:

1. Comparison of filial piety in the repayment amount: The minimum repayment amount only needs to repay 1 10 of the repayment amount this month, which is 1000 and 100, and the amount is low. I have handled installment repayment, 1000 points for 3 months, naturally more than 300 per month. That's it.

2. Comparison of repayment cycles: the minimum repayment, and the remaining part of the repayment date is before the next month's bill date. Plus some interest paid off in full. Installment payment is a fixed monthly payment, plus a little handling fee, with no interest. However, there is a characteristic of long cycles.

3. Interest comparison: The minimum repayment interest is the total repayment amount according to the interest rate of 5 10,000 per day, in the way of "rolling interest", the interest can be short-term, long-term, and the minimum repayment is continuously used for a year, and the interest generated is amazing. If you have enough money, you may not be able to repay it in any month, and the handling fee will not add up to a high amount, so let's take an example.

1000 yuan, with the minimum repayment amount, 20 interest in the next month, and 12 expenses in installments. However, if the staging is used for 3 months, 12*3=36. These 36 are determined to be paid from the day you do it.

Even if it is still on in the middle, it will be paid according to these months.

This problem cannot be generalized and can be divided into the following two situations:

1. For users with temporary financial pressure, credit card installment payment is more cost-effective, and using credit card installment payment can relieve the user's temporary financial pressure. However, the choice of credit card installment will have a certain installment fee, and the specific cost depends on the amount of personal installment. In addition, it is also advisable to repay the loan on time after paying in installments so as not to affect the personal credit check.

2.Credit card installment payments are not cost-effective for users who don't have financial pressure, as installment payments incur installment fees, which means users need to spend more money, so it's not cost-effective.

1. Credit card installment business usually charges cardholders a certain standard handling fee, which is equivalent to the interest paid when applying for a consumer loan from a bank, so any installment of credit card is essentially a consumer loan in disguise. Although the interest rate of this disguised consumer loan is far lower than the 18% annual overdraft interest rate of the credit card and the interest generated by the "rolling interest" interest calculation method, it may be higher than the normal consumer loan interest rate of the bank. The reason for this is that the fee is calculated as:

The transaction amount monthly rate and the number of installments, although the handling fee may be charged in a lump sum in the first instalment or may be charged monthly, but the amount is the same. Generally speaking, the more installments you have, the higher the handling fee. As the repayment increases, the amount of money owed to the bank decreases, while the handling fee does not decrease with the repayment progress, which is different from the way the interest on bank loans is calculated.

2. The credit card installment business usually charges a certain standard handling fee to the cardholder, so if you are not short of money, you can choose to repay the full lead amount, otherwise it is not cost-effective, but if you are tight, the installment payment is also a good way to relieve financial pressure.

1. Pay the down payment for the purchase of a car, which is generally 40% of the car price.

2. The cost of new car insurance includes compulsory traffic insurance, third-party liability insurance, vehicle loss insurance, full vehicle theft insurance, annual stop seat insurance, and spontaneous combustion insurance.

3. The fair mortgage fee is 800 yuan, which is required for the notarization and mortgage of the vehicle.

4. The license fee is 300 yuan, and the customer can choose to handle it by himself, and if the customer chooses to handle it, this fee is exempted.

5. Performance bond, about 3,000 yuan for vehicles below 300,000 yuan, this fee will be repaid to you after the loan is repaid.

6. The credit guarantee fee is 1% at the lowest and 2% at the highest.

5%, this fee varies from round to round and different from region to region.

From Truck Home users.