Does Huabei have interest?

Yes, Huabei has interest. It charges overdue interest after the interest-free period, which is calculated on a daily basis and is 0.05% of the reimbursed principal. Consumption beyond the interest-free period of 3 days will require an interest of 1.5 yuan. Please repay in full within the interest-free period to avoid accruing interest.

Does Huabei have interest?

Answer: Yes, Huabei has interest.

Detailed explanation:

Huabei is a credit payment service provided by Ant Group, which allows users to consume first and repay later. Similar to a credit card, Huabei is interest-free during the interest-free period and accrues interest after expiration.

Interest-free period:

• For most users, Huabei’s interest-free period is 30 days, that is, there is no need to repay within 30 days from the date of consumption. Pay interest.
• A few users may enjoy a longer interest-free period, such as 45 days or 60 days.

Overdue interest:

• After the interest-free period has passed, Huabei will charge 0.05% of the principal amount (interest calculated on a daily basis) overdue interest.
• Overdue interest will be charged every day until all is repaid.

Interest calculation example:

Suppose you spend 1,000 yuan on Huabei and repay it within 3 days after the interest-free period. Then the overdue interest you need to pay is:

Interest = 1,000 yuan × 0.05% × 3 days = 1.5 yuan

Notes:

• The overdue interest of Huabei is relatively low, but if you default on repayment for a long time, you may accumulate more interest charges.
• In order to avoid interest, it is recommended to repay Huabei in full within the interest-free period.

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