Generally, people's livelihood cash installment will arrive within 1 hour, and arrive on the same day at the latest, but users need to submit their applications on working days when applying. It is worth noting that people's livelihood cash installment application cannot be revoked after success. It is worth noting that the cash installment amount is generally 90% of the credit limit of the credit card, and the maximum amount will not exceed 300,000. When Minsheng cash is used in installments, it will occupy the credit line of credit card. It is worth mentioning that when Minsheng cash is used in installments, cash can be transferred not only to Minsheng Bank's debit card, but also to other commercial banks' debit cards, such as ICBC, CCB, BOC and BOCOM. It is worth mentioning that people's livelihood cash installment can be applied through customer service telephone, online banking, mobile banking, SMS, WeChat banking and other channels. In addition, people's livelihood cash installment business adopts the invitation system, which is usually aimed at high-quality customers, and not all users can apply.
(operating environment: Xiaomi11mui12.6.5, app version 7.2.0 of China Bank, app version 7.0 of China Industrial and Commercial Bank,1.0, app version 5.6 of China Construction Bank. Everbright Bank app version 8.2.3, Guangzhou Bank app version 4.3.9, Postal Savings Bank app version 7.0.4, Bank of Communications app version 5.6.0, China Merchants Bank Pocket Life version 8.5.8).
1. Minsheng cash can be repaid in installments, and there can be no overdue repayment, because there will be penalty interest after the overdue, and the longer the time, the more penalty interest. If the overdue time is too long, the bank will upload the overdue records to the credit information center, which will lead to the deterioration of personal credit information and affect the handling of subsequent loans.
2. Cash installment is also one of many loan businesses, and users who need funds can apply according to their actual situation. According to the standard, Minsheng Credit Card can apply for cash installment at any time, but it needs the approval of Minsheng Bank's credit card system before lending. People's livelihood credit card holders are in continuous cash flow but don't want to withdraw cash by credit card. They might as well apply for cash installment to obtain funds, and only need to pay back part of the principal and handling fee every month, which is much more cost-effective than withdrawing cash by credit card.