The analysis can be performed as follows:
1, there is no interest on mobile phone installment, and it is not allowed. Generally speaking, about 5~6% of the total amount is the so-called handling fee. According to different shops, each period varies from 1% to 4.5% according to the length of the staging.
2. Pay the handling fee every month. The calculation method is: transaction amount x (1 ~ 4.5)% transaction amount ÷ number of periods = monthly payment amount.
3. Generally, the actual payment for buying a mobile phone by installment is about 500 to 600 higher than the price of the mobile phone.
Extended data
1. The installment repayment of the bank is a installment repayment business launched to avoid default interest according to the total consumption limit when the customer cannot repay the overdraft amount of the credit card at one time.
2. Compared with installment payment, installment payment is different in application procedure and application scope. For example, if Xiao Li wants to buy a mobile phone by stages, he will go to a store that cooperates with a credit card. The installment repayment business does not need to specify the place and category of consumption. If the customer realizes that he can't repay in full on time after swiping the card, he can call to apply. However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.
Can I borrow money to buy a mobile phone? How to get a loan to buy a mobile phone?
Hello, there are many platforms available now, and the amount is basically between 5 million and 300,000. You can apply through banks and online loans. Compared with other loans, although the amount is low, it is very popular because of its fast lending and flexible borrowing. As long as you choose a regular big platform, and the security of funds and information is guaranteed, you can use it with confidence.
It is recommended to use rich flowers, which is a credit brand of Xiaoman Finance. Provide users with safe, convenient, unsecured and unsecured credit services. If you borrow money, you can go to Xiaoman Financial APP (click on the official calculation). Consumer loans with money to spend, with a daily interest rate as low as 0.02%, have the characteristics of simple application, low interest rate, quick lending, flexible loan repayment, transparent interest rate and strong security.
I would like to share with you the application conditions for consuming products with money: it is mainly divided into two parts: age requirements and information requirements.
1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide installment loans to students at school. If you are a student at school, please give up the application.
Information requirements: You need to provide your second-generation ID card and your debit card during the application process.
Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards.
This answer is provided by Youhuahua. Due to objective reasons such as the timeliness of the content, if the answer content is inconsistent with the actual interest rate calculation method of Youhuahua loan products, the display on Xiaoman Financial APP- Youhuahua Loan website shall prevail. I hope this answer is helpful to you.
Mobile phone installment payment, is it legal?
Hello, at present, the loans on the market can basically be paid in installments to ease the financial pressure, ranging from 3 months to 3 years. Choosing installment payment should not only choose a long term and low pressure, but more importantly, choose a regular big brand, the loan platform is guaranteed, and the funds and personal information are safe.
Recommended money flower, formerly known as "Baidu money flower", is a credit brand of Xiaoman Finance. Provide users with safe, convenient, unsecured and unsecured credit services. If you borrow money, you can go to Xiaoman Financial APP (click on the official calculation). Money is easy to borrow and the daily interest rate is as low as 0.02%. It has the characteristics of simple application, low interest rate, fast loan, flexible loan repayment, transparent interest rate and strong security.
I would like to share with you the application conditions for consuming products with money: it is mainly divided into two parts: age requirements and information requirements.
1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide college students with consumer installment loans. If you are a college student, please give up the application.
Information requirements: You need to provide your second-generation ID card and your debit card during the application process.
Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards.
This answer is provided by Youhuahua. Due to objective reasons such as the timeliness of the content, if the answer content is inconsistent with the actual interest rate calculation method of Youhuahua loan products, the display on Xiaoman Financial APP- Youhuahua Loan website shall prevail. I hope this answer is helpful to you.
Is Gitzo's interest so high really legal?
Gitzo Company is a legal financial company.
Gitzo Group is a wholly-owned subsidiary of PPF Group and one of the leading consumer finance providers in Central and Eastern Europe and Asia. Serving consumers in Central and Eastern Europe and Asia, and operating bank storage business in many countries. Gitzo Group has14,200 employees and provides financial services to 5.7 million customers (as of June 30, 2009). In 2008, Gitzo Group issued a loan of 3.6 billion euros.
20 16, Gitzo Group plans to increase its investment in China to 6 billion.
In order to expand the China market, PPF Group set up a representative office in Beijing in 2004, and set up Gitzo China headquarters in Shenzhen Futian CBD in 2007. From 65438 to February 2007, consumer credit business was officially launched in Guangzhou/Foshan, and consumer financial services were launched in Shenzhen, Chengdu, Tianjin and other places in 2008, with more than 1000 employees.
20 10/0,21,PPF group was officially approved to set up a consumer finance company in Tianjin in China. After obtaining the approval from the regulatory authorities, PPF Group will start to build the first wholly foreign-owned consumer finance company in China according to the Regulations on the Administration of Consumer Finance Companies promulgated in August 2009. The new Tianjin Consumer Finance Company will be named "Gitzo Consumer Finance Co., Ltd.", which is funded by PPF Group with a registered capital of 300 million yuan.
Gitzo headquarters was established in Futian Central District, Shenzhen in 2007. Since June 5438+February, 2007, the Bank has officially launched the consumer credit business in Guangzhou/Foshan, with more than 9000 employees in more than 70 cities in Guangdong (including Shenzhen), Hubei, Hunan, Sichuan, Shandong, Chongqing and other provinces and municipalities directly under the central government.
How much interest is legal for mobile phone installment payment?
It is legal that the interest on installment payment of mobile phones should not exceed 24%, and the interest rate agreed by both borrowers and lenders should not exceed 24% every year. If the lender requires the borrower to pay interest at the agreed interest rate, the people shall support it.
Provisions of the Supreme People's Government on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases;
Article 26 If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and the lender requests the borrower to pay interest at the agreed interest rate, the people shall support it.
The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it.
It can be considered that the annual interest rate exceeds 36%.
According to the provisions of the Notice of the People's Bank of China on Banning and Combating Acts:
The interest rate of private personal loans shall be determined by both borrowers and borrowers through consultation, but the interest rate determined through consultation between the two parties shall not exceed 4 times of the loan interest rate of financial institutions of the same grade in the same period announced by the People's Bank of China (excluding floating). Those who exceed the above standards should be defined as high-interest loans.
During the activity, when the high-interest loan reaches a certain amount, it constitutes the crime of illegally absorbing public deposits; For the purpose of lending, taking credit funds from financial institutions and lending them to others at a high interest rate, the illegal amount is large, which constitutes the crime of lending at a high interest rate; For the purpose of illegal possession, illegal fund-raising by methods, and the amount is large, constitutes a fund-raising crime; Behavior easily leads to criminal offences such as illegal detention, kidnapping and injury; Non-governmental intermediaries and individuals lend at high interest rate with their own funds, which belongs to non-governmental lending behavior. If there is a loan, it belongs to the category of civil adjustment.
Refers to the distribution form of money houses, which are generally run by gangs and often make rich profits. When the debtor can't pay back the money on time, people usually threaten the debtor, even his family and friends, so that they can pay back the money.
Loan method:
Big ear hole: you can only get 9 thousand if you borrow 10 thousand yuan, and you have to pay 13 thousand when you return it. Moreover, the interest is "nailed" day by day (interest). According to compound interest, this is called "interest overlap". I often borrow hundreds of dollars, and it will take a year and a half to pay it back. With interest, I may have to pay back tens of thousands.
Rolling on donkeys: mainly between liberators and farmers. The loan term is generally 1 month, and the monthly interest is generally 3-5 cents. If it is not repaid at maturity, the interest will be doubled and included in the principal of next month. By analogy, the principal will increase month by month, and the interest will multiply month by month, just like snowballing.
Lamb rest: borrow one and return two. If you borrowed 100 yuan at the beginning of the year, you will return it to 200 yuan at the end of the year.
Sit on the ground: 1. The loan term is 1 month and the interest is 1 minute, but one tenth of the principal must be deducted when borrowing. Interest is calculated according to the original amount at maturity. If you borrow 10 yuan, you actually get 9 yuan. Repay the principal and interest at maturity of RMB 65,438+00.
This is the end of the introduction about whether the interest on the loan to buy a mobile phone is legal and whether the loan to buy a mobile phone is cost-effective. I wonder if you have found the information you need?