If you want to settle the installment payment in advance, you need to apply in advance, and you can only pay it off after the application is passed. The handling fee is charged at one time.
Installment refers to paying off debts in several times in a transaction. Installment can be divided into interest-bearing installment and interest-free installment.
Extended data:
Installment payment is mostly used for some product transactions with long production cycle and high cost.
Such as complete sets of equipment, large vehicles, heavy mechanical equipment and other products.
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.
Market implication
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.
Terminology form
There are also many forms of installment payment: the purchaser pays by installment, usually paying the down payment first, and then paying the second money after receiving the notice from the real estate agent; Divided into three installments, and the third installment will be paid within a certain period of time after check-in.
In this way, the buyer usually pays more than one-time payment, but at the same time it can reduce the possible losses in the auction, such as the "unfinished" house, the decline in house prices beyond the down payment and the changes in the economic situation of the buyer.
Loan installments are generally paid off in several years. The key here is when the installment payment will start except the down payment, in other words, when the loan bank will hand over the loan from the property buyer to the real estate developer.
This time can start as soon as the loan procedure is completed, or it can start as soon as the house is handed over, which is more beneficial to the buyers.
Of course, how to pay is not the wishful thinking of buyers. If real estate developers have no strength, they must rely on buyers' money to build houses. Usually, they will not agree that the buyer's second payment will be delayed until delivery. In this case, property buyers can only decide whether to buy a real estate developer's house.