Taobao’s 12-term interest-free period needs to be set according to the seller’s marketing methods. Not all stores offer interest-free payment for 12 installments.

Some stores may be interest-free for 6 installments, and some stores may not have the option of interest-free installments.

Interest-free installment payment means that banks cooperate with merchants to provide certain products or services to credit card holders. The bank first pays the full amount of the product purchased by the cardholder to the merchant in one go. Cardholders then use their credit cards to repay the bank in installments. As long as they repay the current installment amount before the monthly payment due date, they do not need to pay interest.

Extended information:

Taobao is the largest online retail and business district in the Asia-Pacific region. It was founded by Alibaba Group in May 2003. Taobao?[1]? is China's most popular online shopping and retail platform, with nearly 500 million registered users and more than 60 million regular visitors every day. At the same time, the number of online products per day has exceeded 800 million, with an average of 48,000 items were sold every minute.

Reference materials: Baidu Encyclopedia-Taobao