If the customer wants to cash out, once it is discovered by China Merchants Bank, it is estimated that it will directly recover the money and ask the customer to pay it off in advance, and personal credit will be affected. As for the amount that China Merchants Bank can get by car installment, it mainly depends on the customer's own credit status and credit card usage (specifically, the final audit result of China Merchants Bank Credit Card Center shall prevail).
If you want to handle the credit card car installment business of China Merchants Bank, you must first be between the age of 18 and 60 years old, be a Chinese mainland resident and have full civil capacity; Secondly, we must have a legal and stable job and income; Also, personal credit should be good, and there is no serious bad credit record of banks or credit institutions.
The maximum installment amount of China Merchants Bank credit card car does not exceed 70% of the car price, and the amount ranges from 200,000 to 200,000. The bank will review the applicant's credit card and consumption records and provide installment service of 12-24.
Handling process of automobile credit card installment in China Merchants Bank
1. Log on to China Merchants Bank official website online to make car reservation by installment and apply for the quota;
2. The staff of China Merchants Bank will contact customers to help them handle the car installment business;
3. The customer service submits the application for installment payment. After receiving the savings, China Merchants Bank will check the customer's credit card and consumption records and review the customer's application qualification;
4. If approved, then the owner can buy the car in installments, pay the down payment for the car, and apply for insurance at the same time;
5. CMB loan, customers can pick up the car.
Which is more cost-effective for China Merchants Bank's car installment or car loan?
China Merchants Bank's car installment or car loan is more cost-effective, depending on the installment or the loan period, as well as the loan amount and interest rate, and cannot be generalized. Although China Merchants Bank's car installment and car loan can both lend us money to buy a car, there are still differences between them. Buying a car by stages is a kind of consumption behavior. Using a credit card and then buying a car in installments is a credit overdraft. If it is in the interest-free period, it will not generate interest, just pay the corresponding handling fee. Loan to buy a car is to apply for a loan first, and then use the loan for consumption, but you need to pay a higher loan interest, but you don't need to pay a handling fee.
The total cost of car installment and car loan will be different, because the payment rules between them are different, so the applicant can combine his own actual situation to see which method is more suitable and choose a more suitable and preferential scheme. Everyone's specific situation is different. Whether China Merchants Bank can pass the car installment depends on the specific audit results. This situation is even better if the information is complete and the credit information is good.