What does mobile phone installment mean?

As smart phones have gradually become a part of people's daily life, they often need to use different mobile phone functions, so the relative performance requirements for mobile phones have gradually become higher. Many young partners will buy new models after a period of time, and some users will choose to buy mobile phones by stages. What is the meaning of this installment purchase?

What does mobile phone installment mean

In fact, installment payment is a kind of loan provided by the seller to the buyer. The buyer can obtain the required goods after only paying a small part of the payment for goods. However, since the subsequent installment payment includes interest, the amount paid for the same goods by installment payment is more than the one-time payment for goods.

For example, when purchasing a mobile phone, the total price can be evenly allocated to different months, and the corresponding price and incidental handling fees can be paid each month

What to pay attention to in installment

Some malls also support credit card installment payment, which can be achieved by directly consulting the person in charge of the mall.

You can also purchase mobile phones by instalments through the official credit card website, or through the official mobile phone website, or you can realize credit card installment payment.

The installment payment of credit card reduces the temporary payment pressure, but the corresponding interest needs to be paid, so it is better not to pay the one-time payment by installment. In addition, once the repayment is forgotten during the installment, the interest will double, and the accumulated credit will be bad.

The above is a brief introduction to the meaning of mobile phone installment payment. If you are short of money, you can choose the installment purchase method. In other cases, it is recommended to pay the full amount in a lump sum. I hope everyone can buy the mobile phone they want!