Ant Huabei installment handling fee calculation formula How much is the Huabei installment handling

Huabei's installment handling fee (as of April 9, 2019): 3 instalment handling fee; 6 instalments; 12 instalments.

Attention to Huabei staging:

1. Huabei installment will only charge a handling fee (service fee) to the buyer or the merchant, and will not be charged to both parties at the same time.

2. When the buyer chooses to pay in installments, if the merchant is willing to bear the cost, it will be charged at the rate set by the merchant; The buyer is responsible for the part that the seller does not bear.

3. Huabei installment will adjust the above handling fee (service fee) from time to time according to changes in the market environment.

At present, the Huabei installment handling fee is charged according to a certain percentage of the total amount of installments, and the handling fee is also different depending on the number of installment periods, 3 installments: 6 installments:; Issue 9:; Issue 12:.

Huabei is a personal consumption credit product launched by Alipay to consume first and repay later, its function is similar to a credit card, users can enjoy an interest-free period when using Huabei for consumption, as long as the user repays before the specified repayment date, there is no need to pay other fees other than the principal, but in the process of using Huabei, it is inevitable that some users will not be able to repay the arrears in full on the repayment date, then users will often choose Huabei to repay in installments, everyone knows that credit card installments need to pay handling fees, So does Huabei installment also require a handling fee, and how is the interest calculated for installment business?

At present, Huabei provides users with three installments, 6 installments, 9 installments, and 12 installments, and the handling fee is different for different installment periods, and the handling fee for the 3 installments is charged according to the total amount of the installment; The handling fee for 6 installments will be charged according to the total amount; 9. The handling fee will be charged according to the total amount; The handling fee for 12 installments will be charged according to the total amount.

For example, if a user's current Huabei bill is 12,000 yuan, the user chooses different periods in installments:

1.Huabei repays in 3 installments: the user repays the principal of 12,000 yuan, and the total handling fee to be paid is 12,000*; The total amount of repayment that the user needs to repay is 12000 + 300 = 12300;Then the repayment amount required for each period is 12300 3 = 4100 yuan, of which 4000 yuan is the repayment principal and 100 yuan is the handling fee;

2.Huabei repays in 6 installments: the repayment principal is 12,000 yuan; The total repayment fee is $12,000*; The total amount that the user needs to repay is 12540; The repayment amount of each installment is 12540 6 = 2090 yuan, of which 2000 yuan is the principal and 90 yuan is the handling fee;

3.Huabei will be repaid in 9 installments: the repayment principal is 12,000 yuan; The total repayment fee is $12,000*; The total amount of repayments is 12780; The repayment amount of each period is 12780 9 = 1420 yuan, the repayment principal of each period is yuan, and the handling fee is yuan;

4.Huabei repays in 12 installments: the repayment principal is 12,000 yuan; The total repayment fee is $12,000*; Total Repayment::

13,056 yuan; The repayment amount of each installment is 13056 12 = 1088 yuan; The principal amount of each instalment is $10,000; The handling fee is 88 RMB.

From the above calculations, it can be seen that the more installment periods, the more handling fees users need to pay.

It depends on how many installments you have.

Ant Huabei installment repayment, there is a handling fee, and the corresponding rate for the number of installments is temporary: 3 installments:; Phase 6:; Issue 9:; Issue 12:.

Principal payable in each instalment = Total principal repayable in instalments Number of instalments; Handling fee for each instalment repayment = total principal amount that can be repaid in instalments Total instalment rate Number of instalments;

The amount is accurate to the point that it is included in the monthly installment, and the remainder is included in the first installment, and the handling fee has been collected and will not be refunded.

Huabei installment is divided into periods, and the handling fee is respectively .8%。Huabei 10,000 installments for 12 months, the monthly interest is 73 yuan.

The principal of Huabei loan is 10,000 yuan, and the interest of 12 periods is, according to the formula, interest = principal * interest rate, which can be obtained by substituting the column formula: interest of 12 periods = 10,000 * yuan), then the interest of each period = 880 12 = 73 (yuan).

Data ExtensionsThe full name of Huabei is Ant Huabei.

It's Ant Financial.

A consumer credit product launched will receive a consumption quota ranging from 500 to 50,000 yuan after applying for opening. When consuming, users can advance the amount of Ant Huabei and enjoy"Spend now, pay later"The shopping experience.

List of Huabei installment rates.

Huabei installment interest calculation formula

Principal payable per instalment = Total principal repayable in instalments Number of instalments.

Interest payable per instalment = total principal amount that can be repaid in instalments Total instalment rate Number of instalment instalments.

Example of Huabei installment interest calculation (3 installments, 6 installments, 9 installments, 12 installments).

For example: Huabei 1,000 yuan installment repayment.

1. The formula for calculating interest in 3 installments.

Principal payable in each period = 1000 3 = yuan.

Total interest in 3 installments = 1000 * yuan.

Interest payable per period = 25 3 = yuan.

That is to say, the repayment is made in 3 installments, and the repayment amount in each installment is RMB, and the total repayment amount is 1025 RMB for 3 consecutive months.

2. The formula for calculating interest in 6 installments.

Principal payable in each period = 1000 6 = yuan.

Total interest in 6 installments = 1000 * yuan.

Interest payable per period = 45 6 = yuan.

That is to say, the repayment will be made in 6 installments, and the repayment amount in each installment will be RMB, and the total repayment amount will be 1045 RMB for 6 consecutive months.

3. The formula for calculating interest in 9 installments.

Principal payable in each installment = 1000 9 = yuan.

Total interest in 6 installments = 1000 * yuan.

Interest payable per period = 65 9 = yuan.

That is to say, the repayment will be made in 9 installments, and the repayment amount in each installment will be 1065 yuan, and the total repayment amount will be 1065 yuan for 9 consecutive months.

4. The formula for calculating interest in 12 installments.

Principal payable in each period = 1000 12 = yuan.

Total interest in 6 installments = 1000 * yuan.

Interest payable per period = 88 12 = yuan.

That is to say, the repayment will be made in 12 installments, and the repayment amount in each installment will be 1088 yuan, and the total repayment amount will be 1088 yuan for 12 consecutive months.

Summary:The law of Huabei installment interest is that the higher the number of installments, the higher the installment rate, and the higher the corresponding total installment interest; However, on the contrary, the higher the number of installments, the less interest needs to be paid in a single installment, and this rule is probably that Huabei hopes that more people will increase the number of installments, after all, in the end, Huabei will earn the total interest of installment repayment.