What is discretionary payment?

Voluntary payment is a small consumer loan launched by a company. Users can make products pay when shopping, enjoy 30-day interest-free, 30-day installment of designated goods, cash withdrawal and flexible use. Compared with traditional banks, discretionary payment has the advantages of low threshold, high quota and long cycle. Arbitrary payment provides users with 30-day interest-free loans and installment payment, realizes the repayment after shopping, and can carry out self-service such as online application, consumption and quota increase, with a maximum amount of 200,000 yuan. Arbitrary payment does not yet support the purchase of virtual products and financial products.

What is discretionary payment?

People's Bank of China is a personal consumption staging brand under Suning Finance. As Suning's staging platform, Renxing Pay relies on Suning's ecological circle to continuously open up 3C, home improvement, home, department stores, fast-moving and travel scenes, provide consumer inclusive+value-added financial services for Suning's online and offline omni-channel members, and help hundreds of millions of users upgrade their quality of life. As an online credit product under Suning Finance, the product application threshold is low, and users aged 22-55 can apply. At the same time, applying for discretionary payment does not require guarantees and mortgages. After the application is successful, you can use free payment to complete the payment in various scenarios and channels. In essence, discretionary payment is a loan product that is consumed first and then paid. In addition, you can choose to pay freely, up to 24 installments, and there may be 3, 6 and 12 interest-free installments during the activity period.

What is discretionary payment?

Hello! As a personal consumption staging brand launched by Suning Finance, willful payment aims to provide users with multi-scene, omni-channel and all-round small consumption staging services. No mortgage, no guarantee, 0 down payment, low interest, up to 24 installments, allowing users to enjoy first and then pay.

Please choose the official channels to open discretionary payment: 1. Apply through Suning Financial app; The second is to apply through Suning.cn APP; The third is to apply through the official account of "Suning willful flower" WeChat WeChat.

The specific application methods for advance payment are as follows:

(1) Suning Financial App: Select "Confidential Payment" or "My" from the homepage to enter the homepage of confidential payment products, and complete the application and opening of confidential payment according to the prompts such as bank card verification and SMS verification.

(2)Suning.cn App:

Method 1: By selecting "My Tesco" on the lower right of the home page, the user directly enters the application page of newcomers who are willing to pay, and completes the application and opening of newcomers who are willing to pay, such as bank card verification and SMS verification, according to the prompts;

Method 2: The user searches for "arbitrary payment" in Suning.cn, directly enters the application page of arbitrary payment newcomer, and completes the application and opening of arbitrary payment according to the prompts such as bank card verification and SMS verification;

(3) Official account of "Suning willful flower" on WeChat: Users can search for "Suning willful flower" on WeChat, select "willful payment" in the menu bar, click "Open/Review/Repayment", and follow the prompts to complete the application and opening of willful payment.

What does Suning mean by paying at will?

Suning willful payment is a consumer loan product under Suning Finance, as follows:

1. Suning's application threshold for voluntary payment is low. As long as the borrower is a mainland citizen aged 18 to 60, he can apply for voluntary payment from Suning;

2. Suning free payment supports borrowers to withdraw cash, and can apply online or offline;

3. Suning's discretionary consumption limit can reach up to 200,000 yuan to meet consumer demand;

4. Suning's voluntary repayment is more flexible, and the borrower's repayment pressure is less, and the installment period can reach five years;

5. Suning is willing to pay 0 down payment, 0 interest and 0 handling fee for the specified goods, and the borrower can enjoy super discount;

6. Suning can apply for and lend any payment at any time, and the borrower can quickly use Suning to make any payment.

Product introduction

Arbitrary payment is the first financial product launched by Suning Consumer Finance Co., Ltd. Compared with traditional banks, arbitrary payment has the advantages of low threshold, high quota and long cycle. Arbitrary payment provides users with 30-day interest-free loans and installment payment, realizes the repayment after shopping, and can carry out self-service such as online application, consumption and quota increase, with a maximum amount of 200,000 yuan.

Arbitrary payment does not yet support the purchase of virtual products and financial products. People's Bank of China is a personal consumption staging brand under Suning Finance. As Suning's staging platform, Renxing Pay relies on Suning's ecological circle to continuously open up 3C, home improvement, home, department stores, fast-moving and travel scenes, provide consumer inclusive+value-added financial services for Suning's online and offline omni-channel members, and help hundreds of millions of users upgrade their quality of life.

Interest-free Mall is an interest-free mall specially designed for financial users in Suning.cn and Suning. Free members can purchase products and services such as mobile phones, communications, digital products, home appliances, beauty cosmetics, maternal and child products, supermarkets, department stores, decoration, etc., and enjoy the "free payment installment". At the end of February, 2020, Ren Zhifu launched 24 interest-free subsidy activities before the "315 National Rejuvenation Festival" in Suning.cn, and enjoyed the highest interest-free 24 issues for all categories of core explosives, fully helping Suning users to renew their fees and upgrade. Consumers from Apple mobile phone, Huawei mobile phone, Dyson barber shop, Midea air conditioner, sea ice washing, etc. pursue brands to achieve full coverage of top single products. During the event, 24 interest-free payments accounted for more than half, and the overall interest-free ratio exceeded 95%.

Since then, it has become the norm to pay for the longest 24 interest-free activities, buy good things in installments, and have zero burden on shopping, so that more users can enjoy the convenience and benefits of Suning's financial inclusive services.