How does Huabai repay in installments? Calculation method of 2019 Huabai installment interest
4hw.com.cn: Huabai is a financial service under ant finance. Many friends use Huabai for shopping. Sometimes if the bill amount is too large, they have to choose installment. How can Huabai repay by installment? Let's have a look.
Steps of installment repayment of Huabai
(1) first open Alipay APP and select flower option at the main interface. If the main interface does not, click 'more', then find the option of 'Huabai' in 'wealth management', and click to enter the Huabai main interface;
(2) Click the 'staging' option button to enter the staging page. Here we should pay attention to: Alipay users can only apply for installment repayment within the time between the day of the bill and the repayment date. For example, for the bill in August, 8.1 is the billing date and 8.9 is the repayment date. Users can apply for installment repayment between 8.1 and 8.9 according to their needs.
(3) Users can select the number of stages according to their own situation. The system will automatically calculate the repayment interest for you. It should be noted that the installment amount needs to be greater than 10 yuan.
(4) Finally, click 'confirm staging' to realize ant flower staging. It should be noted that at present, Huabai no longer supports computer operation, so if users want to apply for Huabai installment repayment, they must download Huabai's mobile client.
2. Interest of ant flower installment.
Ant flower chant is a consumer credit product launched by ant financial. After the user applies to open the function of ant flower chant, the user will get a consumption quota ranging from 500-50000 yuan. If the user has not paid off the current amount due before the repayment date, the corresponding overdue interest will be generated. Up to now, most merchants or commodities of tmall and Taobao support Huabai's service. Whether specific commodities can be purchased with Huabai or not depends on what is displayed on the cashier page. If the bill of this month is repaid in a lump sum before the 10th of next month, there is no interest and handling charge. The balance due last month is amortized from the 1st to the 9th or the 10th of each month. However, if you spend 500 yuan by installment, you can't apply for installment. Users need to spend more than 800 yuan to apply for installment. The interest rate of Alipay ants is 3 months: 2.5%; 6 months: 4.5%; 9 months: 6.5%; 12 months: 8.8%. Sometimes a handling fee is required when purchasing online. For example, the handling fee of 0 yuan is to divide the consumption amount by the number of periods to obtain: the repayment principal of each period = the consumption amount & pile; The number of periods. For example, if the user consumes 1200 yuan, there are three periods with 0 handling fee, and the repayment principal of each period is 400 yuan. Secondly, including the handling fee is the repayment principal of each period plus the handling fee of each period to obtain the repayment amount of each period. Formula: repayment principal of each period = consumption amount & pide; Number of periods
Service charge of each period = consumption amount & times; (handling rate & pide; number of periods), repayment amount of each period = repayment principal of each period + handling fee of each period.
If the user consumes 1200 yuan in 6 phases, and the handling fee is 4.5%, the calculation is as follows:
Repayment principal of each period = 1200 & pide; 6=200
Handling charge of each phase = 1200 & times; 4.5%&pide; 6=9
Repayment amount of each period = 209
Total principal and interest: 209 & times; 6=1254
In other words, if the user wants to spend 1200 yuan in installments like this, he will have to pay 54 yuan more for phase 6. Whether it is worth it depends on the user's own choice.