Installment payment with 0 down payment and 0 interest means that you don't need to pay for the goods when you buy them, and you start to repay them from the second month, and there is no extra interest on the repayment amount.

Take buying a mobile phone as an example:

1, 0 down payment

Customers use credit cards to buy mobile phones in installments, so they don't need to pay the down payment first, and then repay them after the date of the user's credit card bill is set.

2,0 interest rate

Users do not need to pay extra interest to the bank when handling credit card installment payment business.

Extended data

Number of installments:

1, 12 times

Make the first payment after purchasing the goods, make the second payment one month later, and pay once a month for twelve months after purchasing, counting twelve payments.

2, 6 times

After purchasing the goods, the first payment is made two months later, the second payment is made two months later, and the payment is made every two months within 12 months after purchasing, for a total of six times.

Three times, three times

After purchasing goods, the first payment is made four months later, the second payment is made four months later, and the third payment is made four months later.

The number of payments is different, and the amount paid each time is different.

Baidu encyclopedia-installment payment (transaction payment method)