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Ants spend money in installments. Is interest high? How about the installment interest?

ant Huabei is just a virtual quota similar to credit card, but it is only used for Taobao. Other platforms do not support it. So how to calculate the installment interest of ant flower? Is the installment interest of ant flower high? Let's take a look.

Apart from the platform, it can also be understood that the "Huabei quota" is the credit point given by a platform to some members with long-term or high reputation in order to improve the user's viscosity. This credit point can be directly used for the internal shopping of the platform, but it needs to be repaid when each month expires. If you forget to repay this month, or have been nervous recently, you can also pay in installments In fact, it's equivalent to the function of credit card, so we can only say that ant flower is equivalent to the credit card of Taobao platform shopping.

Installment rate:

First of all, the installment interest of Huabei is related to the number of installments

2.5% of the total amount of the three phases,

4.5% of the total amount of six stages,

6.5% of the total amount of phase 9,

8.8% of the total amount of 12 phases.

For example, 1000 yuan should be divided into different periods,

2.5% of the total amount of three installments: 25 yuan (i.e. 1025 / 3 of each installment = 341.6, three consecutive months of repayment),

4.5% of the total amount of six installments: 45 yuan (i.e. 1045 / 6 = 174.2 per installment for six consecutive months),

6.5% of the total amount of 9 installments: 65 yuan (i.e. 1065 / 9 = 118.3 for each installment, 9 consecutive months),

8.8% of the total amount of 12 installments: 88 yuan (i.e. 1088 / 12 = 90.6 for each installment for 12 consecutive months).

Monthly payment = installment amount to be paid + interest. This seems to be much lower than the bank's installment rate, which can be repaid in installments when it is a last resort.