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What is a music loan?
Le staging is a consumer loan product. When consumers buy mobile phones and other items, they first pay part of the price to the merchants, and the rest are paid to the merchants by stages, which is equivalent to borrowing money from consumers for consumption. In the following time, consumers pay back on a regular basis. This repayment amount is higher than the initial loan amount, and the higher part is equivalent to the capital cost and related management expenses.