It’s true.

It is called education installment. It is a payment model that some schools and institutions with training qualifications provide students with tuition payment in installments. This model reduces barriers to student enrollment to a certain extent, thereby directly increasing the enrollment rate. This model can be provided by the school institution itself or a third-party service platform.

Interest-free installment payment refers to the cooperation between banks and merchants to provide certain products or services to credit card holders. The bank will first pay the full amount of the product purchased by the cardholder to the merchant in one go. The cardholder then uses the credit card to repay the bank in installments. As long as the current installment amount is repaid at the maturity of each month, there is no need to pay interest.