What is the meaning of down payment for mobile phone installment payment?

The down payment is the minimum proportion of the first payment based on the contract ratio when purchasing a mobile phone. Of course, the payment can be higher than this amount, but it cannot be lower. For it, the remaining balance is paid in installments from a bank loan.

Installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to pay the cardholder in installments. The process of bank repayment. The bank will deduct the consumption funds in installments from the cardholder's credit card account based on the cardholder's application, and the cardholder will repay according to the monthly credit amount. What does zero yuan down payment installment mobile phone mean?

The so-called zero-yuan down payment means that you don’t have to pay anything at first, but you can use the mobile phone first, and then you can pay it in installments starting next month. What does it mean to buy a mobile phone in installments with 0 down payment?

If you have a guarantee, you can use the mobile phone with zero down payment, and then you will generally have a lot more money to repay every month. What does it mean to buy a mobile phone in installments with 0 down payment?

A credit purchase service jointly launched by Taobao’s Tmall Mall and designated online e-commerce companies. Literally speaking, the question asked by the store means shopping on credit at a designated e-commerce store on Tmall Mall for 0 yuan and then repaying it in installments. For example: You want to buy an iPhone 6 for 6,000 yuan, but you don’t have that much money. But you have the right to buy in installments on Tmall. You can first buy it in installments for 0 yuan through Tmall, and then repay the 6,000 yuan in 3\6\9 installments according to your wishes. To put it simply, the function of Tmall installment is similar to the function of credit card installment. For details, you can log in to Tmall → Electrical Appliance City → Installment Purchase and view relevant instructions. What does mobile phone installment payment mean?

Installment payment

is mostly used in product transactions with long production cycles and high costs.

Such as the export of complete sets of equipment, large vehicles, heavy machinery and other products.

The method of installment payment is that after the import and export contract is signed, the importer first pays a small part of the payment to the exporter as a deposit, and the rest of the payment is paid after part or all of the product is produced, shipped, and shipped. Or repay in installments upon arrival, installation, commissioning, investment and expiration of the quality guarantee period.

The buyer and seller sign a contract at the time of closing the transaction, and the buyer pays the seller in installments for the purchased goods and services within a certain period of time. The date and amount of each delivery of goods are stated in the contract in advance.

What does it mean to pay for a car in installments with zero down payment

The down payment is 20%-50%. Generally, banks require 40%-50%. Some car dealers can do this by finding some financing companies. 20% or even lower.

Generally, it is paid off in 2-5 years. The monthly repayment depends on how much you borrow. You can use real estate to guarantee it.

First of all, you must know that the beneficiary of the installment payment for buying a car is the bank. Or financial institutions, because many banks now have relatively high thresholds for car loans, and more financial companies, especially those from the same family as the car manufacturer, have begun to handle convenient loan procedures for customers (such as Shanghai General Motors) The financial company has GMAC loans)

Secondly, the requirements for car buyers are: generally those with normal salary income, preferably with provident fund, real estate (with property rights) or married. Of course, if you have other written documents that can prove your ability to repay the loan, that is fine. What does it mean to buy a mobile phone with a credit card installment payment with no down payment?

Buying a mobile phone with a credit card installment payment with no down payment means that you can buy a mobile phone in installments without paying a down payment. Most of them are bill installments, and the cost is higher than the consumption installment.

Call the bank's credit card center, select "Credit Card", and then select "Manual Service". The bank's credit card customer service specialist will accept the user's business application;

Users can also log in to the bank For credit card online banking, use the bank's self-service function for credit card consumption installment business.

Note: Installment will incur additional handling fees, please understand when consulting. What does 0 down payment and 0 interest rate for installment payment mean?

Credit card installment payment with 0 down payment and 0 interest rate is actually a promotion promoted by the bank to promote the credit card installment business.

Take your purchase of a mobile phone as an example: 0 down payment means that when you purchase this mobile phone through credit card installments, you will not need to pay the down payment of the mobile phone immediately. You only need to wait until the date of your credit card statement. Just pay it back when the time comes. 0 interest rate means that you do not need to pay additional interest to the bank when handling credit card installment business.

However, the bank will charge a fee called installment fee, which is actually just a word play on the cat's name. No interest is charged, but handling fees are charged. I hope you must understand this clearly when applying for credit card installment payments.

However, due to the fierce market competition, banks will have some fee-free activities on some holidays. You can consult the bank or shopping mall for details.

Happy using the card!