The universal payment service of Shanghai Pudong Development Bank is a credit card preferential loan service, which is similar to cash advance, allowing cardholders to borrow money from the bank and repay it in installments. Its core advantages lie in lower interest rates and flexible conditions of use. The following are several key features of the universal fund:

First, the interest rate of the universal fund is usually lower than the credit card overdraft interest rate. For example, if you borrow 1, yuan in one year, the minimum monthly repayment amount is 9.7 yuan, including 67.4 yuan of interest, which is equivalent to an annual interest rate of about 8.84%. The longer the installment period, the lower the interest rate may be. This low interest rate design makes the borrowing cost relatively low.

Secondly, the universal fund has a wide range of uses and is almost unlimited. Users can use it at any time when they need it, which makes it a convenient choice in some emergencies. Compared with personal consumption loans, the interest rate of universal funds is more competitive.

The purpose of the universal fund introduced by Shanghai Pudong Development Bank is to provide inclusive finance service, so that credit card users can enjoy lower borrowing cost and more flexible use convenience when they encounter capital shortage. For example, the credit card holders of Changzhou Branch can quickly open this service, and the bank will provide extra cash to the debit card according to the credit card limit for users to freely control.

Generally speaking, the universal fund of Shanghai Pudong Development Bank is a flexible loan solution with preferential interest rate, which helps to improve the quality of life of consumers and reflects the bank's efforts in inclusive finance.