Is installment music reliable? Is the combined fee interest? Or something else

Reliable. The composite fee is not interest and is equivalent to a service fee. This installment music.

The loan platform is still credible, it is a relatively formal loan platform, mainly for college students and some white-collar workers, and can be used with confidence. To apply for an installment, you need to fill in your personal information, which must be real, and then apply for an order and wait for review.

The platform is a regular platform, which is not bad. The problem lies in the software, if you want to add a new bank card to repay when you repay, there is a high chance that you will see a "payment system update" prompt, resulting in failure to repay on time. At this time, you will also receive countless debt collections** and even debt collection emails from all over the country every day.

Installment music is reliable, but I don't recommend everyone to use installment music, first of all, although the installment loan is convenient, but his interest is very high, much higher than the bank's interest, long-term loan we will also have a lot of interest, and once the loan, it is necessary to repay on time every month, and it does not support early repayment.

Repayment can only be made until the repayment date. If we can't repay it on time, it will be overdue, and the staff of Installment Le will collect debts by means such as **, and even contact our families, bringing trouble to our lives and those around us. And after the overdue, it is likely to affect our creditworthiness, which in turn will affect our bank's loans in the future.

At first, I used it as a college student installment, and I could also take out a loan, which I used when I was in college. Compared to other online lending platforms.

This software is already counted as a conscience. Installment Le and Huabei.

are two completely different modes. Installment is a loan platform, and Huabei is a mechanism similar to a credit card that spends money first and then repays.

Young people have strong spending power, but lack of self-control, and many people use installment music to consume ahead of time.

Spend more and more, and finally find that you can't repay, even if it is repaid in installments, it has brought great pressure to life, the state is also vigorously governing the major loan platforms, and now the installment music has no longer loaned to college students who have not graduated, and if you want to take out a loan, you need to provide a graduation certificate or work certificate.

In general, the fees of this loan product are still very high, in addition to interest, there are also service fees, which will be much higher than normal loans.

The official news is that the lowest is the daily interest rate, and the interest on the installment = the outstanding principal daily interest rate and the number of days borrowed. The installment interest is calculated on a daily basis, and the lowest is approximately, but the specific interest of the installment is determined according to the customer's comprehensive credit status, which is often higher.

Founded in October 2013, Installment Le is the pioneer of China's installment shopping e-commerce model, and has always adhered to the brand concept of "happy to be moderate, happy to see better".

Enterprise characteristics: Installment pioneered the Internet small and micro consumer finance business model, and at the front end of consumption, Installment has improved the user's shopping experience through cooperation with JD.com; At the back-end of creditor's rights processing, Installment Le launched Orange Wealth Management in June 2014, and exclusively launched all creditor's rights in installment, forming a closed-loop ecology of "self-production and self-sale".

Installment has received investment from a number of top domestic and foreign investment institutions and well-known enterprises, including JD.com, DST, Xianfeng Huaxing, Jingwei China and Bertelsmann Asia Investment**.

Installment musicIt is a formal financial service platform for installment consumption. Everyone reported that the interest rate was relatively high.

Installment music is mainly financed by Centaline Consumer Finance.

Lenders. Centaline Consumer Finance is a licensed financial institution with the qualification to issue loans. Moreover, the installment application process is relatively formal, and the interest on the loan is also within the legal range, and there is no cut interest.

The case of usury.

It is understood that installment loans support borrowing and repaying at any time, and the interest is calculated on a daily basis, and the credit conditions of different borrowers are different, and the loan interest rate under review is also different, and the lowest daily interest rate is.

Suppose Xiaoxi borrows 50,000 yuan in installments, and the daily interest rate is, then the interest of borrowing for one day is: 50,000 * yuan, and the longer the borrowing time, the higher the interest.

Moreover, installment is a product of credit investigation, and informal loans generally cannot be reported on credit. If you accidentally overdue, you must repay the loan in time, and actively contact Zhongyuan Consumer Finance, as long as the overdue record has not been uploaded to the credit report, then it can be remedied.

If you have capital turnover needs, it is recommended that you use money to spend, and money to spend is Du Xiaoman Finance.

Its credit service brand (formerly known as: Money to Spend

In June 2018, it was renamed "Money to Spend"), the big brand is reliable, and the interest rate is low and trustworthy. If you have money to spend - full easy loan, the maximum amount of borrowing is 200,000 (Click on the official free test credit), daily interest rates as low as toIt has the characteristics of simple application, low interest rate, fast lending, flexible borrowing and repayment, transparent interest and fees, and strong security.

Share with you the application requirements for money to spend: The application conditions for money to spend are mainly divided into two parts: age requirements and information requirements. 1. Age requirements:

2. Information requirements: Your second-generation ID card needs to be provided during the application process.

My own 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 a temporary ID card cannot be used.

Expired ID card and first-generation ID card. Online loans are risky, so you need to be cautious in your choice!

The software and the company are legitimate, but now the highest legal standard annual interest rate.

Yes, if the annual interest rate is exceeded, it is an illegal debt interest and can not be repaid. Online lending platforms usually charge various fees (management fees, insurance premiums, etc.) and cut interest.

and equal principal and interest.

In a way that makes the lender feel that the nominal interest rate is not high, in fact, the real interest rate of online lending.

They are often higher than the legal maximum standard, and the higher interest can be completely unpaid.

Extended information: 1. Online loan, online loan is the abbreviation of online loan, including individual online lending and commercial online lending. P2P online lending refers to direct lending between individuals through Internet platforms.

It is a subcategory within the internet finance industry. The number of online lending platforms in China grew rapidly in 2012, with about 350 active platforms so far, and 3,054 as of the end of April 2015.

Second, in September 2019, the Leading Group for the Special Rectification of Internet Financial Risks and the Leading Group for the Special Rectification of Online Lending Risks jointly issued the Notice on Strengthening the Construction of the Credit Reporting System in the Field of P2P Online Lending to support the access of P2P online lending institutions to the credit reporting system.

Third, the essence of Internet finance is still finance, and the characteristics of financial risks have not changed, such as concealment, contagion, extensiveness and suddenness. Strengthening the supervision of Internet finance is an inherent requirement for promoting the healthy development of Internet finance. At the same time, Internet finance is a new thing and an emerging format, and it is necessary to formulate moderately relaxed regulatory policies to leave room and space for Internet financial innovation.

By encouraging innovation and strengthening mutual support in supervision, we will promote the healthy development of Internet finance and better serve the real economy.

Internet financial supervision should follow the principle of "legal supervision, appropriate supervision, classified supervision, collaborative supervision, and innovative supervision", Sun Xin scientifically and reasonably defined the business boundaries and access conditions of various business formats, implemented regulatory responsibilities, clarified the bottom line of risks, protected legitimate operations, and resolutely cracked down on illegal and non-compliant behaviors.

Fourth, it includes individual online lending (i.e., P2P online lending) and online small loans. Individual online lending refers to direct lending between individuals through Internet platforms. Direct lending on individual online lending platforms is a private lending.

The scope is subject to the general principles of contract law and civil law.

and other laws and regulations, as well as the relevant judicial interpretations and norms of the Supreme People's Court. Online micro-loans refer to the micro-loans provided by Internet enterprises to customers through the microfinance companies controlled by them. Online microfinance should comply with the existing regulatory regulations of microfinance companies, give full play to the advantages of online loans, and strive to reduce customer financing costs.

The online lending business is supervised by the China Banking Regulatory Commission.

Fifth, the supervision of online lending platforms, from a maximum of 5,600 to only 29 by the end of June, may be basically completed by the end of the year and transferred to regular supervision.

Operating environment: Apple 12, ios14 installment music.

The state stipulates that loans with an annual interest rate of more than 36% belong to usury, and the interest on the loan in installments is 24% for ordinary users, but the interest rate for people with high debts will be higher than this, but it will not exceed 36 per annum. The monthly interest rate is about 1%-2% per month, which is within the range set by the state, so it is not considered a high interest.

Installment is a daily interest-bearing product, with a daily interest rate as low as the daily interest rate, which converts the daily interest rate into an adult interest rate. If this interest rate is compared with banks of the same grade in the same period, then it is much higher. However, compared with online loan products, the interest rate of most online loan products is in the range of 18%-24%, so the interest rate is not high among online loan products.

Whether the installment is a loan shark or not depends on the annual interest rate. An annual interest rate of more than 36 percent is considered usury. The law stipulates that:

Where the interest rate agreed upon by the borrower and the borrower does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it.

If the interest rate agreed between the borrower and the borrower exceeds 36% per annum, the interest agreement on the excess part shall be invalid. Where the borrower requests the lender to return the interest paid in excess of 36% of the annual interest rate, the people's court shall support it.

Founded in October 2013, Installment Le is the pioneer of China's installment shopping e-commerce model, and has always adhered to the brand concept of "happy to be moderate, happy to see better".

It has established cooperation with many well-known brands such as Apple, Huawei, OPPO, vivo, L'Oreal, Philips, etc., and has become the third largest Internet channel after JD.com and Tmall in terms of sales volume of many brands. It has also introduced e-commerce platforms such as JD.com**, Xiaomi Youpin, and Koala Overseas Shopping to settle in, and exported its installment service capabilities to many high-quality external platforms such as Yang Wharf and Mafengwo. As of March 2020, the number of installment products has exceeded 2 million.