The analysis can be performed as follows:

1, there is no interest on mobile phone installment, and it is not allowed. Generally speaking, about 5~6% of the total amount is the so-called handling fee. According to different shops, each period varies from 1% to 4.5% according to the length of the staging.

2. Pay the handling fee every month. The calculation method is: transaction amount x (1 ~ 4.5)% transaction amount ÷ number of periods = monthly payment amount.

3. Generally, the actual payment for buying a mobile phone by installment is about 500 to 600 higher than the price of the mobile phone.

Extended data

1. The installment repayment of the bank is a installment repayment business launched to avoid default interest according to the total consumption limit when the customer cannot repay the overdraft amount of the credit card at one time.

2. Compared with installment payment, installment payment is different in application procedure and application scope. For example, if Xiao Li wants to buy a mobile phone by stages, he will go to a store that cooperates with a credit card. The installment repayment business does not need to specify the place and category of consumption. If the customer realizes that he can't repay in full on time after swiping the card, he can call to apply. However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.

How to calculate interest on installment payment of mobile phone?

1, installment interest = total commodity price, installment rate, and number of installment periods.

2. The total price of goods is fixed, and the interest rate of installment increases with the increase of the number of installments, which is generally divided into 3/6/ 12.

3. For example, a mobile phone with a price of 2,000 yuan is divided into three installments, and the installment interest rate is 1%, so the interest to be paid is 2000 1%3, which is the interest of 60 yuan.

4. If it is to be increased to six-month installment, the installment interest rate will be increased accordingly, for example, 1.5%, then the interest paid is 2000 1.5%6, and the interest of 180 is required.

Extended content:

Mobile phone installment payment content:

1. First of all, before you decide to buy a mobile phone in a physical store by installments, you should consult the clerk, such as installment interest and installment down payment. These are the first things you need to know.

Then, you need the telephone address of your company and your residence address, which should be detailed, true and accurate, because the bank will check them one by one.

You need to fill in the name and address of your parents, relatives (uncles and aunts), boyfriend or husband, as well as the contact telephone number and the contact information of a colleague.

4. When going to handle it, you need to bring the original ID card and the bank card handled by the ID card, and someone will handle it.

There must be at least one penny in the bank card you provide, because there will be a process of swiping the card when you handle it, and a receipt will be swiped, which needs your signature.

6. Someone will take a photo of you and upload it to your database. In this database, all your information will exist, and someone will verify whether the information you provide is true. If it is true, it will be easy to pass.

7. After paying the down payment, you can get the mobile phone. You should take care of receipts and other things. Your installment payment will have an account. Remember the date of monthly payment. If it is overdue, you will have an overdue fee. You can pay it back in advance and the interest will be less.