"E-loan" is a credit card cash installment business provided by China Merchants Bank Credit Card Center for eligible cardholders. After the application is successful, the cardholder will repay the principal and installment fee in installments, and each principal and installment fee will be included in the current credit card bill. Because credit card installment business will increase the operating cost of the issuing bank, most banks have made minimum provisions on the total amount of installment required by consumers. For example, China Bank RMB in 300 yuan and CITIC Bank RMB in 600 yuan.

Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount. Generally speaking, the handling fee of credit card installment 1 year is lower than the annual cash withdrawal interest 18%, and higher than the bank commercial loan interest 1 year 5.3 1%. It is worth mentioning that the loan interest rate of commercial banks has been lowered many times since last year, but the standards of credit card installment fees and cash withdrawal interest have rarely changed. Although different banks have different standards for credit card installment fees, the calculation method is roughly the same.