Ant Huabei is a consumer credit product launched by ant financial services. After applying for opening, it will get a consumption line of 500-50000 yuan. When users consume, they can advance the amount of ant flower and enjoy the shopping experience of "consume first, pay later".
Do you want interest on the installment
This month's bill, the next month before the specified date of one-time repayment, is not any interest and fees.
For personal credit, the longest interest free period is 41 days. If the user fails to pay off the current amount due before the repayment is due, a certain overdue interest will be generated. The overdue interest is charged daily according to 0.05% of the current outstanding amount. For example, the user will pay 10000 yuan in may, but only 5000 yuan will be paid before May 10, There will be overdue interest of 10 yuan, which is calculated on the basis of 5000 yuan & times; 0.05% & times; 4 days.
How to calculate the installment interest
Huabei chooses different number of instalments, and the interest is different. It can be divided into 12 instalments at most. The rate corresponding to the number of instalments is temporarily 2.5% of the total amount of 3 instalments, 4.5% of the total amount of 6 instalments, 6.5% of the total amount of 9 instalments and 8.8% of the total amount of 12 instalments.
Assuming that 1000 yuan is to be paid in installments, 2.5% of the total amount of the three installments is 25 yuan (i.e. 1025 / 3 for each installment = 341.6 for three consecutive months)
Repayment in installments of 45.5% / 1046.6
6.5% of the total amount of 9 installments: 65 yuan (i.e. 1065 / 9 for each installment = 118.3 for 9 consecutive months)
8% of the total amount of 12 installments: 88 yuan (i.e. 1088 / 12 for each installment = 90.6 for 12 consecutive months)