Anyone who has used ant flower buds usually needs to repay the bill for using flower buds last month on the 9th of next month. There are two repayment methods: one is lump sum payment, and the other is installment payment.
In the process of installment repayment, only when the nominal interest rate of the first installment is equal to the real interest rate, the real interest rate of subsequent installments is higher than the nominal interest rate, and the real interest rate is higher in the later repayment period.
The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying". 2065438+On August 4th, 2006, the Ant Flower Garden Consumer Credit Asset-backed Securities Project was listed on the Shanghai Stock Exchange, with consumption first and payment later.