For example, if you buy a product with a price of 12000 yuan and pay in installments of 12, then the consumer only needs to pay 1000 yuan per month. If there is installment interest, you have to pay an extra fee every month.
Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a deposit, and most of the rest of the payment is paid in installments after part or all of the products are produced and shipped, or when the goods are installed, debugged, invested and guaranteed. Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment.
Installment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can get the goods or services he needs only by paying a small amount of money, but because the interest is included in the future installment, the amount paid for the same goods or services by installment is more than the amount paid in one lump sum. On the one hand, installment payment allows sellers to complete promotional activities, on the other hand, it also provides convenience for buyers.
There are also many forms of installment payment: the purchaser pays by installment, usually paying the down payment first, and then paying the second money after receiving the notice from the real estate agent; Divided into three installments, and the third installment will be paid within a certain period of time after check-in. In this way, the buyer usually pays more than one-time payment, but at the same time it can reduce the possible losses in the auction, such as the "unfinished" house, the decline in house prices beyond the down payment and the changes in the economic situation of the buyer.
Loan installments are generally paid off in several years. The key here is when the installment payment will start except the down payment, in other words, when the loan bank will hand over the loan from the property buyer to the real estate developer. This time can start as soon as the loan procedure is completed, or it can start as soon as the house is handed over, which is more beneficial to the buyers. Of course, how to pay is not the wishful thinking of buyers. If real estate developers have no strength, they must rely on buyers' money to build houses. Usually, they will not agree that the buyer's second payment will be delayed until delivery. In this case, property buyers can only decide whether to buy a real estate developer's house.