The gold installment loan is still a relatively formal loan platform, because the formal loan platform will not charge the formalities fee for any reason at the beginning of the loan. Moreover, there is no pressure on the regulatory date of yellow staging and transparent staging. As long as you are 22-55 years old, you can apply if you have relevant information. As long as the system is approved successfully, the loan can be released immediately, and the application process is relatively simple. It also divides different periods according to the different needs of users, and installment payment can also reduce the repayment pressure of borrowers.

1. Do you really need to pay interest for installment repayment?

Installment payment generally needs to pay interest, but it is called handling fee, because the handling fee is also calculated according to the percentage of the consumption amount, so it is the same as interest, but with a different name. To make money from the loan platform, these sources are the interests of consumers. From the consumer's point of view, even if it is paid, it still has certain benefits. As long as the installment arrears are repaid on time, it will generally not affect normal life. This also requires the debtor's income to be stable. Once the income decreases, it is likely that installment payment will affect the subsequent repayment, and the interest on installment payment is also relatively high. Generally speaking, the interest rate of informal platforms will be higher.

Second, credit card installment repayment

When applying for credit card installment, there is generally no way to cancel or change the number of installments. You can make a good choice before installment according to your specific situation. The fee rates of different banks are different, and the platforms will be different. Therefore, we should choose the general staging method according to the bank's standards and personal situation. Under normal circumstances, installment payment will occupy the credit line, and the credit line will be fully restored after the amount is paid off. Hmm. However, as long as you don't pay back the money in time, you still need to pay some relatively high late fees and fees.

Finally, installment payment, good or bad, can be chosen according to your own situation, whether to decide to pay by installment, but it is recommended to avoid choosing loans.