What are the credit card loans of China Merchants Bank?
China Merchants Bank has many credit card loan products. The more famous ones include e-loans, car installments and other products. The regular ones also include installment shopping, cash advance, etc. .
1. e-Zhao Loan. e-Zhao Loan is a cash credit service provided by China Merchants Bank Credit Card Center to eligible cardholders. They can freely choose to repay at any time or in installments. This product does not require an appointment. And mortgage guarantee, you can get cash through transfer.
2. Installment shopping, whether it is large purchases such as home appliances, digital products, department stores, fitness, wedding dresses, education, etc., you can use credit cards to pay in installments. At the same time, online shopping installment cooperation merchants include Suning, Gome and other large online malls.
3. Platinum Installment Card. The credit limit of the Platinum Installment Card can reach up to 300,000 yuan. When the total consumption amount exceeds 300 yuan or 2,000 yuan, it will be automatically installmentd, and you can enjoy the exclusive preferential rate of the platinum installment card.
4. Cash advance. Cash advance is the basic function of China Merchants Bank’s credit card. Cardholders can obtain funds through cash withdrawal or overdraft transfer. The cash advance fee is 1% of the amount of each cash advance, with a minimum charge of RMB 10 per transaction.
5. Car installment. Car installment is the car loan business of China Merchants Bank credit card. Cardholders with CMB credit cards can apply for car installment business. To apply for car installment, you need to pay at least 30% of the net car price (the down payment is as low as 20% for some models).
Can I get a loan with a credit card? What is the loan limit?
Credit card loan means that the bank increases the installment limit of the credit card based on the credit card holder's credit status. This limit does not occupy the credit card itself. The self-owned limit can be repaid in installments after the cardholder swipes the card for consumption. Common credit card loans include Shanghai Pudong Development Bank Wan Yong Jin, China Guangfa Bank Caizhi Jin, Bank of Communications Haoxiangdai, China CITIC Bank Xinqucash and Yuanmeng Jin, etc.
PUDF Universal Gold
PUDF Universal Gold is an installment loan in addition to the credit limit and does not occupy the credit card's own limit. As long as you have both a credit card and a debit card from Shanghai Pudong Development Bank, you can open this business in a short time. The loan amount varies according to the qualifications of each cardholder, ranging from 1,000 yuan to 300,000 yuan. At the same time, the loan amount can only be used for consumption, including but not limited to decoration, weddings, car purchases, home appliances, travel, medical care, etc.; it cannot be used for investment, including stocks, futures, house purchases, and other equity investments.
Guangfa Caizhijin
Caizhijin is a cash credit service provided by China Guangfa Bank to high-quality cardholders. It is divided into ordinary Caizhijin and exclusive Caizhijin. There are two products: Ordinary Caizhijin is suitable for users with small capital needs, and the loan period is 3-24 months; Exclusive Caizhijin is suitable for users with large capital needs, and the loan period is 6-36 months. Caizhijin can only be used for consumption purposes and cannot be used in non-consumption areas such as production and operation, investment, debt repayment, and borrowing.
Bank of Communications Haoxiangdai
Haoxiangdai is a credit installment service launched by Bank of Communications. It adds a non-recyclable independent limit to the original limit of the card. The maximum limit can be Reaching 150,000 yuan, currently at Bank of Communications, in addition to business cards, quasi-credit cards, installment cards, BOSS cards, and global cards, other Bank of Communications principal credit cards can apply for Haoxiangdai. Haoxiandai transactions are charged monthly 0.72% of the fully deposited principal is used as a handling fee.
CITIC Bank’s New Quick Cash and Yuanmengjin
New Quick Cash is a cash installment service within the credit limit provided by CITIC Bank to customers. After processing, the money can be transferred to your debit account On the card, the monthly repayment is based on the specified principal and interest.
Yuan Meng Jin is a quota provided by China CITIC Bank for high-quality cardholders for large purchases. Based on the credit evaluation of the cardholder, it is an additional exclusive consumption granted on the basis of the original credit card permanent limit. Installment amount.
Which bank credit cards have loans similar to Shanghai Pudong Development Bank’s Wan Yong Jin?
1. China CITIC Bank’s New Quick Cash
It is a cash installment service specially provided by China CITIC Bank for credit card customers. You can apply for New Quick Cash without mortgage or guarantee.
2. Caizhijin of Guangfa Bank
This is an overdraft transfer and installment repayment credit card service provided by Guangfa Bank Credit Card Center for cardholders. Caizhijin can only Used for the cardholder’s daily consumption. It is worth mentioning that when applying for financial support, you can choose to borrow and repay on a natural day basis or in monthly installments.
3. Bank of Communications Haoxiangdai
Haoxiangdai is also a consumer credit product. Its loan limit is up to 300,000 yuan and the loan term is 24 periods.
In addition to these three types, China Merchants Bank’s E Zhaodai and Shanghai Pudong Development Bank’s Consumer Loan are also similar to Wanyongjin.
Extended information:
How to use credit card loans
The bank increases the installment limit of the credit card based on the credit card holder’s credit status to meet the card holder’s needs. Designated dealers’ demand for installment purchases of designated brand cars.
Card holders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure.
Handling fee: You do not need to pay bank loan interest when purchasing a car in installments with a credit card, but you will need to bear a one-time handling fee.
Handling fee = installment amount × cardholder’s handling fee (the handling fee is included in the first month’s bill after the installment purchase), and the handling rates of each bank are different.
Loan term: The maximum term for installment car purchases is generally 24 months.
Down payment: When purchasing a car by credit card installment payment, you generally need to pay a down payment of no less than 30% of the car price.
Limit: Each bank stipulates the loan amount for credit card installment car purchases.