Question 2: What do you mean by installment payment? pay by Installments
Open classification: finance, international trade, personal consumption, new lifestyle
Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.
Payment methods for purchasing goods and services. The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.
Installment payment was developed after the Second World War. At first, it was limited to buying ordinary daily goods or services. Later, with the rapid development of productivity, the scale of industrial and agricultural production is expanding day by day, and the required expenses are increasing day by day. In addition, with the development of bank credit, the field of installment payment has expanded to enterprises that buy large machinery and equipment and raw materials.
Installment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can get the goods or services he needs only by paying a small amount of money, but because the interest is included in the future installment, the amount paid for the same goods or services by installment is more than the amount paid in one lump sum.
On the one hand, installment payment allows sellers to complete promotional activities, on the other hand, it also provides convenience for buyers.
Installment calculation
In recent years, with the improvement of China's financial services and the change of people's consumption habits, installment payment, which is popular abroad, has been introduced to China and quickly recognized by domestic consumers. Installment payment is usually used by young people with poor payment ability but consumer demand. The products it consumes are usually laptops, mobile phones and digital products.
Installment payments are usually provided by banks and installment suppliers. Banks provide consumers with personal consumption loans equivalent to the amount of goods they buy, and consumers use the loans to pay suppliers, who provide guarantees for consumers and bear irrevocable joint and several liabilities. Young people who spend by installment are often called "installment families".
Question 3: What exactly does staging mean? There are many kinds of installment shopping.
1, banks cooperate with merchants to provide goods to be paid in installments, such as those on the bank's website. The bill is attached, and the price is higher than the market price, and no handling fee is charged.
2, cooperative business installment, such as Gome interest-free installment (this kind of business is relatively few, because this kind of installment is actually that the business gives you the goods, but you have to wait until you finish the installment to get the full amount of goods, and take a part every month), there is no handling fee, and the goods are the same as the normal purchase price.
3. Single consumption and bill installment means that after you buy something, you can apply to the bank for one of the expenses, or you can repay it in installments for the whole month (regardless of the merchant), but only 50% of the credit line can be installment. For example, the credit line is 10000, and only 5000 can be installment, not partial installment. There is a handling fee.
4. Staging of low-cost cooperative merchants, such as online shopping by Dell, the cooperative merchants have an agreement with the bank to charge a lower fee (compared with single shopping staging and billing staging), and they need to explain to the merchants, provide credit cards and personal information, and the merchants will apply for it on their behalf.
Note: In all installments, only the amount with a credit limit of less than 50% can be installment, provided that the credit is good and the card has been used for more than one year (except the second one, because the merchant bears the risk on its behalf).
The purpose of installment payment is to enjoy goods or services in advance when you are unable to buy or lack money.
Question 4: What do you mean by installment? One-time summary installment refers to multiple credit card purchases and purchases made during this month's payment period, which can be regarded as one-time installment business, and is called summary installment.
Question 5: What is installment payment? One cent interest is 1 year. 10000 yuan, interest 1000 yuan.
One cent interest is 1 month. 10000 yuan, monthly interest 100 yuan. The annual interest is 1200 yuan.
Question 6: What is the installment fee in credit card installment? Is it available in every issue? 102.32 yuan is the installment fee, which is paid in one lump sum, and there is no fee for the second installment. The handling fee rate of the sixth installment payment of Industrial Bank is 3.9% (2623.5438+0x3.9% =102.32 yuan).
Question 7: What do you mean by installment? What is the payment process? Installment payment business is limited to individuals buying their own first-hand cars.
Installment payment is divided into one year; Two years; Three years. The interest rates are 3.965438 0% respectively; 7.62%; 1 1.28%。
The loan amount for installment payment shall not exceed 70% of the purchase price of the vehicle, and the maximum amount shall not exceed 500,000 yuan (inclusive).
The car installment payment business is completed through the special car purchase card, and the card BIN is 622233. Follow the principle of "dedicated card, true transaction, effective guarantee, dedicated funds and timely repayment".
1. Commercial application
The applicant applies for credit card installment purchase at the automobile dealer (cooperative organization) that cooperates with the Bank. The cooperative institution shall fax the Letter of Authorization for Inquiry of Credit Information System of China People's Bank signed by the applicant to the handling bank. The handling bank judges whether the applicant has a bad credit record according to the data of the credit information system of the People's Bank of China, guides the applicant to fill in the Peony Credit Card Application Form, and verifies whether the applicant meets the basic conditions for purchasing a car by installment with a credit card. If the applicant meets the business conditions, the handling bank shall immediately notify the relevant cooperative organizations.
2. Acceptance by the handling bank.
After the qualified applicant selects the vehicle model and pays the down payment, the handling bank shall meet with the applicant on the spot.
1/3
1 instruct the applicant to fill in the peony card application form according to the elements of the application form, and indicate that the professional car purchase card is self-picked. Require the applicant to provide relevant identification materials, credit certification materials and other materials required by the Bank.
2. Fill in the credit card purchase overdraft repayment contract in triplicate.
3 fill in the "China Industrial and Commercial Bank of automobile installment business application form" in quadruplicate. 4. Fill in the mortgage contract in quadruplicate.
5. Fill in the repayment commitment letter with the same owner, the same owner's statement or unmarried or unmarried statement.
6. Description of Peony Car Purchase Professional Card.
7. If the applicant is registered in a different place, a letter of commitment from the local contact person is also required.
8. Fill in the peony card business application (quota adjustment application), and fill in "car purchase by stages" in the reason column of quota adjustment application.
After collecting all the information, the handling bank fills in the investigation report, and after the internal audit of the branch, it clearly reviews the consent opinions on the approval form.
Approval, business card printing and collection of special car purchase cards
After receiving the application form for special car purchase card and the approval form for signing, the card center will complete the account opening (the initial quota is 0.0 1 yuan, and the application channel promotion plan number is GC 1) and the quota adjustment and approval according to the principle of priority. After receiving the Peony Car Purchase Card, the handling bank shall notify the cooperation agency of the Confirmation Letter of China Industrial and Commercial Bank's Credit Card Car Installment Order within one working day, and require the cooperation agency to inform the applicant to handle the car purchase procedures and vehicle mortgage (the mortgage subject is the handling bank).
4. The applicant's card receiving and payment processing.
Question 8: What does it mean to buy a mobile phone in installments? Lehuahua University Student Staging: a small micro-consumer financial service that focuses on creating rich, convenient and safe. The service scope of the platform covers many fields closely related to college students, including 3C digital products, education and training, tourism and entertainment. Committed to providing perfect, simple and intimate consumer financial services for college students.
Question 9: You can buy a mobile phone by installments, but what does 24 installments mean? No matter what kind of installment, each installment is one month, and there is a handling fee. The first installment includes the handling fee, and the longer the installment, the higher the handling fee. Generally, Taobao Tmall is free of charge for the first three months, and JD.COM White Strip is free of charge for the first few periods.
Credit card installment, the highest handling fee. ICBC credit card swiping POSS machine has the lowest handling fee, only 0.2%. However, ICBC credit card does not support online installment payment, so special attention should be paid.
On the whole, if you want to buy in a physical store, you can only swipe your credit card in installments. If you buy it online, the third phase of Tmall is the most cost-effective and there is no handling fee.
Question 10: What is mobile phone installment payment? How to operate installment payment, provided that you have a credit card. You can buy it directly in a physical store, or you can call the customer for installment after swiping your card, or you can buy it on the website of your card bank without interest and handling fee, but the price may be higher than outside.