Music installment loan is a special credit line installment business launched by Minsheng Bank for credit card users, also known as Minsheng National Music installment business. Different from the previous credit card installment business, its credit line does not occupy the credit card line. At the same time, Le Staging can also choose to handle bill staging, free staging and cash staging.

The credit limit of Le Staging is within the total credit limit of your Minsheng Credit Card, but it will be updated monthly according to the card usage and qualification conditions. In other words, the specific limit depends on your credit card limit, but according to feedback from netizens, there are 9,000 limits, with a maximum of 50,000 limits. Generally speaking, the quota is still relatively generous.

At present, there are two repayment methods for music installment, one is repayment on schedule, and the other is repayment in advance. Repayment on schedule means paying part of the principal and handling fee every month. Monthly repayable principal = total number of periods ÷ number of periods; Monthly repayment amount = total installment amount × installment interest rate. Early repayment refers to paying off the outstanding installment in advance for the successfully handled national music installment. You need to call the customer service hotline or installment line of Minsheng Bank Credit Card Center to apply.

But in the final analysis, music installment is an online loan, and borrowers still have to borrow according to their repayment ability. Otherwise, if they borrow too much and have no repayment ability, it will have a bad influence on their credit.