How much is the interest on Huabei installment repayment?

Huabei installment interest calculation method: Installment fee = Installment amount Installment number Interest rate The interest rate is divided into 0.05%~0.08% according to the user's Zhima Credit. The installment fee is included in the Huabei bill monthly and can be paid off in advance. Penalty interest will be incurred if the remaining handling fee is overdue, and the penalty interest rate is 0.05%~0.08% per day

How to calculate Huabei installment repayment interest

The interest rate of Huabei installment is determined based on the user’s Zhima credit score and other factors, and is usually between 0.05% and 0.08%.

Calculation formula

Instalment fee = installment amount Number of installments Interest rate

Example

For example, if you purchase a product worth 1,200 yuan in installments and choose 3 installments, your installment fee will be:

1,200 yuan 3 installments 0.05% = 1.8 yuan

Note

• The installment fee is calculated on a monthly basis and included in the current Huabei bill.
• If you pay off the installment in advance, the remaining installment fee will be refunded to your Huabei account.
• Overdue Huabei installments will incur penalty interest, with a penalty interest rate of 0.05%~0.08% per day.

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