How to get a loan with China Merchants Bank Credit Card? You need to bear the additional expenses
Credit cards are a type of service card that banks provide certain overdraft funds to customers in need. Credit cards not only meet people's daily consumption, , and can also provide loan services to cardholders. In other words, a credit card is a bank loan provided by the bank that can be used flexibly. Many people are concerned about how to get a loan with a China Merchants Bank credit card. In fact, China Merchants Bank provides two installment functions to meet the loan needs of cardholders. The following is a detailed explanation.
When you need a sum of cash, you can use the "Cash Installment" and "Cash Advance" functions of China Merchants Bank Credit Card to obtain bank credit card loans.
1. If the cardholder needs a higher amount of cash, he can use the cash installment function. Cardholders can transfer the applied cash to any debit card in their name and repay in installments.
2. If the cardholder needs a low cash limit and it is only for temporary emergency, he can use the cash advance function to withdraw cash at an ATM machine or the counter of a CMB branch. The online cash advance function can transfer cash to any debit card in your name.
How to apply for a China Merchants Bank credit card loan (cash installment)
A. Online banking application
1. Log in to the China Merchants Bank credit card website and select "Financial Installment" - "Cash Installment";
2. Enter the "Instalment Application" page;
3. Select the number of installments, installment amount, debit card account number and loan purpose;
4. Enter the query password;
5. Real-time review by the system.
B. Telephone application
1. Call the China Merchants Bank Credit Card Center at 4008205555 and press "9" to transfer to manual service;
2. Apply for cash from the customer service staff Installment;
3. Select the number of installments and the amount, and inform the customer service of the debit card account number and purpose of the loan;
4. Wait for the loan to arrive.
China Merchants Bank credit card cash installment fee standard, the number of installments and the handling rate per period correspond to the following:
3rd period: 0.95; 6th period: 0.80; 10th period: 0.75; 12th period: 0.75; 18th period: 0.75; 24th period: 0.75.
How to apply for a credit card loan from China Merchants Bank (cash advance)
1. Credit card online banking, mobile banking, Pad banking, mobile life;
2. Credit card Customer service hotline voice system (4008205555).
The business fees for cash advance include handling fee and interest. There is no inter-bank handling fee for cash advance.
1. Handling fee: The handling fee for domestic RMB cash advance is 1% of the amount of each cash advance, with a minimum charge of RMB 10 for each transaction; the handling fee for overseas cash advance is 1% of the amount of each cash advance 3. The minimum charge is US$3 or RMB 30 per transaction (the minimum charge for American Express-Centurion Black Gold Card and American Express-Centurion Platinum Card is US$5 or RMB 30 per transaction). There is no inter-bank handling fee for cash advance.
2. Interest: Cash advance does not enjoy interest-free repayment. From the day the cash advance is processed to the date of repayment, interest will be charged at a daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis.
China Merchants Bank credit card loans can be realized through the above cash installment and cash advance functions. Cardholders should note that credit card loans require a certain handling fee, which varies according to the number of installments. , when choosing a loan, you must carefully consider whether you can afford it.
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.
The 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.
Credit card loans refer to banks granting a certain amount of money based on the credit card holder’s credit status, and the cardholder can use the credit card to make purchases. Credit card loan repayment methods are divided into two methods: one-time principal repayment and installment repayment. Period is one of the bank credit card consumer credit services, that is, when credit card holders make purchases, they can choose to divide the total price of the purchased goods or services into a number of periods such as 3, 6, 12 or 24 periods. (monthly) installment payment.
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 issuing bank's name, validity period, number, cardholder's 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 designated commercial service departments, and then the bank will settle the accounts 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 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 get a China Merchants Bank credit card loan? You can apply like this for 300,000 yuan!
All major commercial banks have established their own credit card business. Among the major banks, China Merchants Bank's credit cards are relatively influential and have a large number of users. Many cardholders want to get loans through CMB credit cards, but they don’t know how to get CMB credit card loans. Today I will introduce to you how to get a loan.
Judging from the current situation, it is relatively convenient to use China Merchants Bank’s credit card loan method. You can apply for it through China Merchants Bank’s credit card APP “Pocket Life”, mobile banking, etc. The loan products you can choose from include e-loans, bill installments, car installments, etc.
Here we take e-loans and car installments as examples to explain how to get a China Merchants Bank credit card loan.
Ezhaodai
ezhaodai is a pure credit loan product that can directly withdraw the loan in cash, with a maximum limit of 300,000 yuan. The operation steps are as follows:
1. Open your own CMB Credit Card APP "Pocket Life" and log in to your account;
2. On the "My" page, click to enter "Line of Credit" ”;
3. On the page, you can find the e-loan application entrance;
4. After you activate e-loan and obtain loan credit, you can apply for cash withdrawal;
5. After receiving a call back from China Merchants Bank’s credit card customer service, you can get the money quickly.
Car installment
Car installment is a type of car loan provided by China Merchants Bank to credit card holders, with discounts such as 0 down payment and 0 interest. The operation steps are as follows:
1. Make an appointment online to apply for a quota and wait for the staff of China Merchants Bank to contact you;
2. After passing the qualification review, you need to pay a down payment and apply for insurance;
3. After everything is done, everyone can pick up the car.
The above is about how to get a credit card loan from China Merchants Bank. I hope you have understood the general application method.
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That’s it for the introduction of how to get a loan with China Merchants Bank’s credit card.