Which cost-effective is China Merchants Bank's lightning loan or credit card installment? Bibi is not clear that China Merchants Bank's lightning loan is a consumer credit loan, which can be repaid with the loan or in installments, and can also alleviate the repayment pressure of the lender. For this reason, it is often compared with credit card installment to see which one is cost-effective. Below, let's calculate together. China Merchants Bank's lightning loan belongs to cash lending products, while credit card installment includes transaction installment, bill installment and cash installment. The first two installments belong to consumption installment, and only cash installment involves cash. Here, we will compare China Merchants Bank's lightning loan with China Merchants Bank's cash installment, mainly depending on the installment number and rate.

1. China Merchants Bank's lightning loan: the term is generally 3, 6, 12, 24, 36, 6 months, etc. No matter how many installments are divided, the interest is calculated on a daily basis, and the daily interest rate is around;

2. Cash installment of China Merchants Bank: A monthly fee is charged, with the rates of 3 installments, 6 installments, 1 installments, 12 installments, 18 installments and 24 installments. In case of applying for 1 yuan, the interest of China Merchants Bank's lightning loan is 1, * yuan, while the fee of credit card cash installment is 1, * yuan. Therefore, it is obvious that the cash installment of China Merchants Bank is more cost-effective than the lightning loan. < /p > However, China Merchants Bank's lightning loan can be repaid as you borrow it, and the interest on early repayment can only be calculated from the repayment date, but the cash installment will not work. Although early repayment is supported, it is necessary to repay the remaining undistributed principal+handling fee at one time. From this point of view, lightning loan is slightly better.