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Consumers can log in to the Alipay client when shopping and prepay Ant Huabei for consumption first and repay later. They can also choose to repay in 3, 6 or 12 installments. No need to apply for a credit card, you can purchase items in installments as long as you have enough spending limit on Ant Huabei.

Huabei’s quota is granted based on the user’s accumulated consumption, repayment and other behaviors on the platform. Users’ various behaviors on the platform are dynamic and changing, and the corresponding quota is also dynamic. When a user If the behavior within a period is good and complies with the quota increase policy, the corresponding quota may be increased. Huabei cannot be opened or raised through others. Please do not trust others and leak personal information.

Extended information

Huabei repayment methods

1. Users can advance the amount of Ant Huabei when making purchases. After confirming receipt of the goods, users can Repayment is made on the 9th of the month, and the interest-free period can be up to 41 days. In addition to the "buy this month, pay back next month, super long-term interest-free" consumption experience, Ant Huabei also launched the Huabei installment function, where consumers can repay in 3, 6, 9, or 12 months.

2. The 9th of every month is the repayment date for Huabei. Users need to pay off the Huabei bills that have been generated on the repayment date. On the due date of repayment, the system will automatically deduct the balance of Alipay account, Yu'e Bao (you need to activate the Yu'e Bao deduction function), and debit card quick payment (including card) to repay the outstanding portion of the bill.

You can also take the initiative to make repayments. To avoid overdue payments, please ensure that your Alipay account has sufficient funds. If the payment is overdue, a late fee of 0.05% will be charged per day. ?

3. On November 12, 2018, the Alipay App launched a new function notice stating that the Huabei deferred repayment function will be fully launched on December 1. To put it simply, the Huabei extension is equivalent to a simple transition, which can reduce the repayment pressure on consumers to a certain extent.

Baidu Encyclopedia - Installment payment

Baidu Encyclopedia - Huabei

People's Daily Online - Ant Huabei is available for installment payment at more than 200 offline merchants for the first time

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People's Daily Online - Convenient loans, flexible repayments, favorable conditions and advanced consumption "capture" young people