Interest-free installment 12 means that the user applies for installment payment 12, and only needs to repay the principal in each installment within 12, with no handling fee and interest. There are often interest-free activities in installments during the activity, which is equivalent to applying for installment without paying interest for users, which can greatly reduce the borrowing cost of users.
Of course, installment payment will lengthen the repayment period, and there is a risk of overdue repayment during this period. Users must repay on time after choosing installment payment.