12 months

Explanation:

Interest-free installment payment means that banks cooperate with merchants to provide certain products or services to credit card holders, and banks first pay the products purchased by cardholders in full to merchants in one lump sum.

Interest-free installment means that banks cooperate with merchants to provide credit card holders with the full amount of a product or service and pay it to merchants in one lump sum, and then cardholders repay the current installment amount to the bank by credit card installment without paying interest.

Precautions:

It is not completely free, and you have to pay a certain handling fee to the bank.

The price of the goods it buys is higher than the market price.

Second, what is interest-free?

Interest-free refers to the exemption of interest arising from loans, mortgages, pledges, etc. : some are free, some are semi-free, and some are free for one or several periods. I must consult clearly before making a decision. Usually, these are all consumer activities carried out by businesses in order to improve their performance. Mobile phone shops, auto shops and real estate companies often do such activities. No matter what you are going to buy, you should do what you can to avoid putting too much pressure on yourself. The most important thing is not to be overdue.

3. What is the concept of interest-free? How to calculate the monthly interest?

Interest-free means no interest;

The monthly interest rate is monthly interest amount/principal amount × 100%.

4. What does interest-free mean?

Interest-free means no interest. Under normal circumstances, banks or other financial institutions will charge a certain interest if they borrow funds through credit activities according to certain interest rates, repay the principal and interest on time and other conditions. However, if banks and other financial institutions give borrowers interest-free treatment, it means that borrowers only need to repay the principal on time without paying other interest.

There is an interest-free situation.

1. After the creditor's loan to the debtor is exempted, its interest will also be exempted. For example, the Central Committee of the Communist Party of China and the State Council once issued a regulation: "The credit sales, advance payment, advance payment and agricultural loans of rural community teams to the state are all exempted and do not need to be repaid." With such an exemption from the national government, the borrower can no longer repay the principal or interest according to the law;

2. If the creditor requires the debtor to repay only the loan principal, the loan interest may be exempted. Interest-free has a strong historical and policy nature. In recent years, with the acceleration of the commercialization of banks, the interest-free policy has been rarely used. Starting from 1 August, 9961,no unit or individual except the State Council has the right to decide interest-free. Therefore, some private loans are often interest-free, but they are easy to borrow afterwards, which leads to the delay in realizing the creditor's rights.