How to pay for Douyin's 12 interest-free installments? Are there any fees for Douyin's 12 interest-free periods?

Douyin has launched 12 interest-free payment services, providing consumers with more flexible shopping options. So, how does Douyin’s 12 interest-free payments work? Is this service completely free? This article will answer these questions in detail to help consumers better understand and utilize this service.

1. How to pay for 12 interest-free periods on Douyin

Select products: Browse products on the Douyin e-commerce platform and find products that support 12 interest-free payments.

Add to shopping cart: Add items to the shopping cart and prepare for checkout.

Settlement page: On the settlement page, select the "Instalment Payment" option and view the specific terms of the 12 interest-free installments.

Select the number of installments: Confirm to choose 12 interest-free installments and read the relevant details.

Submit the order: After submitting the order, the system will conduct a credit evaluation. After passing the evaluation, the order will enter the installment payment process.

Repayment plan: Consumers need to complete monthly repayments on time according to the repayment plan provided by the platform.

Note: When using the 12-month interest-free payment, consumers should read the relevant terms carefully to understand possible service fees or other potential fees.

2. Are there any charges for Douyin’s 12-month interest-free payment service?

Interest-free policy: Under normal circumstances, Douyin’s 12-month interest-free payment service does not require interest payment.

Service fee: Although it is interest-free, there may be service fees in some cases, which requires consumers to check carefully at checkout.

Overdue fees: If consumers fail to complete repayments on time, overdue fees may be incurred.

Other fees: In some special circumstances, such as early repayment or change of repayment plan, additional fees may be incurred.

Credit impact: Late repayments will not only incur fees, but may also affect consumers' credit records.

Preferential policies: The Douyin platform may launch preferential policies from time to time, such as service fee reductions and exemptions, etc. Consumers should pay attention to platform announcements.

Transparency: Douyin platform should ensure transparency of all fees so that consumers clearly understand all possible fees.

Douyin’s 12-issue interest-free payment service provides consumers with a more flexible shopping experience, but consumers should also pay attention to relevant fees and terms when using it.

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