How to calculate the interest on installment payment of Taobao flower buds?

Flower buds don't charge interest in stages, but charge a handling fee. The usual expenses are 2.5% in the third stage, 4.5% in the sixth stage, 6.5% in the ninth stage and 8.8% in 12 stage. In actual use, the rate is set by the merchant.

Calculated, the fee amount of each installment = installment amount * installment fee rate/installment number.

Assuming that the applicant applied for flower bud staging in June+10, 5438, the bill will be returned from next month, and the amount of flower bud bill will not be borne this month:

If the consumption is 12000 yuan, and the flower bud is divided into three installments, each installment needs to repay the principal, and the handling fee for each installment is 100 yuan, then the repayment for each installment is 4 100 yuan;

If you choose to divide it into six installments, you need to repay the principal of 2000 yuan per installment, the handling fee of each installment is 90 yuan, and the repayment of 2090 yuan per installment;

If it is divided into 9 installments, the principal of each installment is only 1.333 yuan, and the handling fee of each installment is 86.66 yuan, then the total repayment amount of each installment is1.41.9 66 yuan;

If you choose to divide Bai Hua into 12 installments, you need to repay the principal 1000 for each installment, and the handling fee for 88 yuan is 1088 yuan for each installment.

Extended data:

The premise of using flower buds to buy by stages:

1. Seller supports staging:

2. The buyer is qualified to take delivery;

3. The goods are supported by stages, and the final price of a single product is not lower than that of 600 yuan.

Usually, the higher the staging period, the higher the handling fee. Therefore, if you choose more than 6 installments, you will have higher interest charges.

Flower buds can be repaid in advance by installments, and there are two situations of prepayment: prepayment of unpaid bills next month and prepayment of bills in all subsequent months.

Whether the handling fee is collected or not is related to the situation of early repayment: the former, the handling fee is collected as it is, and there will be no reduction or exemption; In the latter case, all unpaid items are free of charge.

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