How to borrow money with a China Merchants Bank credit card?
Log in to the Palm Life APP (iOS 12, iOS 14 Palm Life 8.5.8) with a China Merchants Bank credit card. After logging in, click Card-Finance-I want to borrow money. The details will be subject to the review results. You can also use the cash advance function of China Merchants Bank credit card, which is actually similar to the cash advance function. The amount of cash advance that can be borrowed is between 30-40 of the total credit card limit. Business expenses for merchant cash advance loans include handling fees and interest. The handling fee is 1% of the cash advance amount, and the minimum fee is RMB 10 per transaction. Interest will be charged at a daily interest rate of 5/10,000, and compound interest will be calculated on a monthly basis.
Definition of cash advance:
When you need cash temporarily at home or abroad, you can use a credit card to advance cash. Generally speaking, the amount of cash that can be borrowed in advance is one-third to the full amount of the credit limit. The total amount plus the total amount of transactions must not exceed your credit limit. However, some banks have limits on the amount of daily cash advances. . You can get cash quickly without any guarantee within a limited amount.
Definition of credit card:
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Introduction to China Merchants Bank:
China Merchants Bank was established in Shekou, Shenzhen in 1987. It is the first joint-stock commercial bank in China that is completely owned by corporate legal persons and is also the national The first pilot bank to promote banking industry reform from outside the system.
The head office of China Merchants Bank is located in Futian District, Shenzhen City. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange.
How to get a credit card loan from China Merchants Bank
1. Apply through online banking.
Log in to the official website of China Merchants Bank, click "Credit Card" in the top column on the main page; then click "e Loan" in "Loan Installment", and select "Click "Apply"; install the secure login control and log in to your personal bank to apply for e-loans.
2. Handle by phone.
Call the China Merchants Bank customer service hotline, follow the voice prompts to be directly transferred to the manual customer service, and apply for e-loans after identity verification.
3. Handle via Palm Life APP.
Download the Palm Life APP, open the latest version of the Palm Life APP, and after logging in, select "Card. Payment" → "e Loan" to try to apply, and the system will provide the review results in real time.
After the application is successful, the cardholder can repay the principal and installment fees in installments, which can be divided into 3, 6, 10, 12, 18, 24 or 36 installments. The principal and installment handling fee of each installment will be included in the current credit card bill.
It is relatively easy for cardholders of China Merchants Bank credit cards to apply for loans. As long as the credit card is in normal use and does not have any bad credit record, they can apply for an e-loan from the bank. Applicants can apply for e-loans through the Palm Life APP, online banking or calling the customer service hotline.
Extended information:
China Merchants Bank credit cards are divided into three levels: regular card, gold card and platinum card. The limit of regular card is generally between 3,000-10,000 yuan, and the limit of gold card is between 3,000 and 10,000 yuan. The limit is between 10,000-50,000 yuan, and the platinum card limit is more than 50,000 yuan.
The specific credit limit is evaluated by the bank based on the information provided by the applicant and personal credit status. The better the applicant's credit status, the higher the credit limit. The final limit is subject to review The result shall prevail.
China Merchants Bank was established in Shekou, Shenzhen in 1987. It is the first joint-stock commercial bank in China that is completely owned by corporate legal persons. It is also the first pilot project of the country to promote banking industry reform from outside the system. bank.
Since it was first shortlisted for the Fortune Global 500 in 2012, it has been shortlisted for seven consecutive years. In 2018, it ranked 213th on the Fortune Global 500.
On June 26, 2019, 8 banks including China Merchants Bank were among the first to launch the online enterprise information verification system.
In July 2019, the 2019 Fortune Global 500 was released, ranking 188th.
In November 2019, it ranked 85th on the list of the top 100 Chinese enterprises along the Belt and Road Initiative.
In December 2019, China Merchants Bank was selected into the 100 Model Brands at the 2019 China Brand Power Ceremony.
On December 18, 2019, the People’s Daily ranked 31st on the “China Brand Development Index” 100 list.
On January 13, 2020, he was selected into the 2020 Hurun Top Quality Award Winners List.
In March 2020, it was selected as the 74th among the top 500 global brands in 2020.
In May 2021, it ranked 22nd in the "2021 Forbes Global 2000".
The head office of China Merchants Bank is located in Futian District, Shenzhen City. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began a public offering in Hong Kong, issuing approximately 2.2 billion H shares, raising HK$20 billion, and was listed on the Hong Kong Stock Exchange on September 22. Net capital exceeds 290 billion and total assets exceed 4.4 trillion.
As of the first half of 2017, China Merchants Bank has more than 1,800 domestic and overseas branches, has established service outlets in more than 130 cities in mainland China, has 5 overseas branches and 3 overseas representative offices, and has 7 employees. More than 10,000 people. In addition, China Merchants Bank also wholly owns China Merchants Bank Financial Leasing Co., Ltd., holds a controlling stake in China Merchants Fund Management Co., Ltd., holds a 50% stake in China Merchants Cigna Life Insurance Co., Ltd., and a 50% stake in China Merchants United Consumer Finance Company; it wholly owns Wing Lung in Hong Kong Bank Limited and CMB International Financial Holdings Limited.
How to get a decoration loan with a China Merchants Bank credit card (application conditions, amount, interest rate, process)
Users with a China Merchants Bank credit card can use the money from the credit card loan for house decoration. How to get a decoration loan with China Merchants Bank credit card? We will introduce the China Merchants Bank credit card renovation loan from the application conditions, limit, interest rate, and process. If you don’t understand, you can take out a small notebook and write it down. These are some very critical information!
Introduction to credit card decoration loan products
Among the credit card loan products of China Merchants Bank, based on the loan limit, e-Zhao Loan is the one that best meets the needs of decoration loan limits. At the same time, the use of e-loans is limited to consumption, including decoration. Therefore, the following loan process mainly takes the e-loan application conditions, amount, interest rate, and process as an example.
Credit card decoration loan application conditions
1. If you want to apply for CMB e-loan, you must first be a credit card user of CMB (holding a student card, platinum installment card, business card, official card , purchasing card or supplementary card holders are temporarily unable to apply);
2. Good personal credit, no bad loan records and bad credit card usage records;
3. The borrower’s Assets, income, etc. meet the lending conditions of China Merchants Bank e-loan.
Credit card decoration loan limit
The loan limit of eZhaodai can reach 300,000 yuan, which can basically meet the loan demand for decoration.
Credit Card Decoration Loan Interest Rate
1. Choose to repay at any time: interest will be calculated from the transaction date, and the daily interest rate is evaluated by the system in real time. Generally, the daily interest rate does not exceed the monthly compound interest. Additional handling fees apply. China Merchants Bank Credit Card Decoration Loan
2. Choose installment repayment: real-time evaluation of handling fees for each installment, only handling fees are charged, and no interest is calculated.
Credit Card Decoration Loan Process
1. Download the China Merchants Bank Credit Card Mobile APP "Pocket Life" and bind the China Merchants Bank Credit Card after logging in;
2. From the "Card In the "Finance" column, select "I want to borrow money";
3. In the "I want to borrow money" page display, find the application entrance for e-loans;
4 , enter the e-loan application page, check your credit limit, and select a loan plan according to your needs.
5. After successfully applying for "e Zhaodai" for the first time, an "e Zhaodai" account will be generated and an "e Zhaodai" electronic card will be issued. This card is only for repayment and is not allowed. Any other transactions and card-related operations are not currently supported through self-service channel inquiries.
China Merchants Bank Credit Card Decoration Loan mainly introduces the application process and conditions of e-Zhao Loan. For users who apply for e-Zhao Loan for the first time, the e-Zhao Loan account does not have an automatic deduction agreement by default, and users need to set automatic deductions. The repayment function is something everyone should pay attention to. Otherwise, due to missed automatic deductions, the repayment may not be made in time and may become overdue.
How to borrow money with China Merchants Bank credit card?
To borrow money with a China Merchants Bank credit card, download the Pocket Life of China Merchants Bank Credit Card and borrow through Pocket Life. You need to bind a non-China Merchants Bank bank card to handle the loan.
That’s it for the introduction of how to borrow money with China Merchants Credit Card.