The flower bud installment fee is a kind of fee, which is charged according to the number of installments. As for interest, the flower garden will only generate interest if it is overdue or the minimum repayment. This interest is charged by the day, and the interest is confused. These are two different charging modes.
However, no matter the installment fee or interest, it is an extra fee. If the user returns the bill in full on the repayment date, there will be no cost.
2. Is there a difference between installment fee and interest?
Installment fee and interest are not the same thing, the difference is that
1. Interest will not be generated until the loan is consumed, and it cannot be fully paid off before the due repayment date (inclusive). Charge at a certain interest rate every day and compound interest every month.
2. Installment fee refers to the fees charged by the debtor in installments according to the number of installments selected by the debtor after handling the installment business. Different banks will have different installment fee rates.
3. What's the difference between interest and handling fee when paying by installment?
1, different account elements
Interest belongs to profit and loss subjects; The handling fee belongs to the asset category.
2. The content of accounting is different.
Interest expense of financial expenses refers to the net amount of interest expense (except capitalized interest) such as short-term loan interest, long-term loan interest, bill payable interest, bill discounted interest, bond payable interest, and long-term interest payable on imported equipment minus bank deposit interest income.
Handling fee refers to the bond interest that has reached the interest payment period but has not been received in the actual payment price of short-term bond investment. This part of interest receivable is not included in the initial investment cost of short-term bond investment. However, the actual payment includes the bond interest that has not yet expired, which is included in the initial investment cost of short-term bond investment and does not need to be accounted for separately.
3. Different business items
Financial expenses and interest receivable are different accounting treatment methods, which need to be used separately according to different situations. Interest income should eventually be included in financial expenses. Under the principle of accounting accrual basis, the interest income belonging to the current period, if not received in the current period, will be collected by the interest receivable account.
Extended data:
Payment by installment for credit card shopping:
Shopping mall installment is one of the credit services of bank credit card consumption, that is, credit card holders can choose to divide the total price of purchased goods or services into three, six, 12 or 24 installments on average.
Pay back the money on time according to the credit card bill every month. The cardholder chooses to go to the installment merchant store specially designated by the bank and complete the installment payment through the designated POS machine, which is referred to as "shopping mall installment payment".
Credit card online shopping installment payment:
One of the credit card consumer credit services of banks, the online payment installment settlement platform provided by banks for credit card holders, has only been opened by some banks at present.
China Merchants Bank has launched this service in JD.COM Mall, Newegg Mall, BenQ Online Mall and Shenzhou Computer Online Mall. Credit card holders of China Merchants Bank can choose to divide the total price of purchased goods or services into three periods, six periods, 12 periods and other periods (months) when shopping at the above-mentioned merchants.
Before the cardholder handles the online installment payment, please log in to the credit card online bank, activate the online payment function, and adjust the online payment quota to ensure that the balance of the online payment quota is greater than the amount of the purchased goods.