Does mobile phone installment count as a loan?

Instalment payment is a mortgage, and of course it is a loan. ?

Generally, banks will require proof of income. If not, you can provide the following information:?

1. Stock fund rights certificate;

2. Bank Deposit account statement.

Extended information:

Instalment payment formula: equal principal and interest calculation formula: [Loan principal × monthly interest rate × (1 + monthly interest rate) × number of repayment months] ÷ [(1 + Monthly interest rate) × number of repayment months - 1] Calculation formula for equal amounts of principal: monthly repayment amount = (loan principal/number of repayment months) + (principal - cumulative amount of principal repaid) × monthly interest rate.

In professional terms, installment payment should be a bank mortgage loan!

Instalment interest = installment amount * number of installments * installment rate. In fact, the installment interest you mentioned is actually the installment handling fee. Installment interest will only be charged when it is overdue. .

Baidu Encyclopedia - Installment payment (transaction payment method)