If your credit report is still very good, it must be installment loan. If you also apply for 1,000 yuan in three installments, the interest of China Merchants Bank is 10,000*0.042%*90=378 yuan. As for Installment Le, people can use it for installment shopping and loans, and enjoy the experience of spending first and paying later. No credit card is required but the interest is very high. High, long-term borrowing is not worthwhile.

1. CMB credit card withdrawals do not enjoy the interest-free period. Interest will be calculated at 0.05% daily from the date of withdrawal and compounded monthly. A certain amount of withdrawal fee will be charged according to China Merchants Bank's credit card charging standards. Failure to repay your credit card bill in full and on time: If you fail to repay the total repayment amount of the current month's bill before the final payment date, all purchases in the month will not be interest-free. Interest will be calculated on each purchase on the bill. Generally, the refund from the second day of swiping the card to the transaction is calculated at 0.05% per day. The credit card fixed limit applied by the customer is comprehensively evaluated based on the submitted data, and the final review result shall prevail. If you have not opened a China Merchants Bank credit card, there is no annual fee. If you open the card 6 times a year, the annual fee is waived. The credit card limit of China Merchants Bank is 3,000-10,000 yuan, and the gold card limit is 10,000-50,000 yuan. The credit card fixed limit applied by the customer is comprehensively evaluated based on the submitted data, and the final review result shall prevail. (Multiple credit cards under the same account, with the same amount)

2. Regarding the interest of Fenqile, the official news is that the lowest daily interest rate is 0.049%, and the interest of Fenqile = outstanding principal × daily interest rate ×Number of borrowing days. Installment interest is calculated on a daily basis, with a minimum of approximately 0.049%. However, the specific interest rate of Fenqile is determined based on the customer's comprehensive credit situation, which is often higher than 0.049%. If you want to know how much interest there is on installment loan, you can calculate it based on the monthly payment amount. Fenqile is a high-quality installment mall under Lexin. Founded in October 2013, it is the pioneer of China's installment payment e-commerce model. We have always adhered to the brand concept of "happy, see better". Company characteristics: Stagelet has created a business model for small and micro consumer finance on the Internet. On the front-end of consumption, stagelet cooperates with JD.com and others to improve user shopping experience; on the back-end of debt processing, Orange Financial Management was launched in stages in June 2014, and all debts are exclusively represented in stages, forming a closed loop of "self-produced and self-sold" ecology. Stage Music has received investment from many top domestic and foreign investment institutions and well-known enterprises such as JD.com, DST, Pioneer Huaxing, Matrix Partners China, and Bertelsmann Asia Investment Fund.