First, let’s talk about how to check whether there is an e-loan.

This is the simplest. You can open Pocket Life, click to log in, and pull down My - Amount (Panorama Wisdom Amount) to find it.

Not everyone has an E-loan, and whether you have an E-loan cannot be used to determine whether you have entered the darkroom.

As far as my personal situation is concerned, before and after China Merchants Bank raised the quota for me in August, there was no e-loan.

But I bought hundreds of thousands of financial products from China Merchants Bank before. Within a few days, e-loan appeared, and the amount was 80% of the financial amount.

I have seen some friends around me who basically don’t use China Merchants Bank cards when they don’t manage money. On the contrary, there is E-loan, which is used more frequently and has a higher limit, but there is no such thing.

2. What is e-loan?

According to the official explanation of China Merchants Bank, e-loan is a cash credit business provided to qualified cardholders, with a maximum application of 300,000 yuan. It can be understood as a bank version of cash loan.

Qualifications are subject to CMB system evaluation.

Three. Application, repayment methods and loans

If you apply for a loan, you can apply once a day at most. All channels of China Merchants Bank can apply once a day.

After applying for the repayment method, you have two options:

One is to borrow and repay at any time, with a daily interest rate of 0.05% and monthly compound interest. The starting amount of this loan is 10,000 yuan.

The other is repayment in installments. After the application is successful, a handling fee needs to be paid. The handling fee rate is determined based on the rate given by the system assessment at the time of application, with a maximum monthly limit of 0.95. The starting amount of this kind of loan is 1,000 yuan. There are currently 12 issues, and most monthly fees are 0.75.

After the application is successful, regardless of the above method, the loan will be released within 48 hours and will be released to the individual’s valid all-in-one card account opened at China Merchants Bank. These funds cannot be used for various investments.

Four. Regarding the bill date and repayment

e. After the loan application is successful, the bill date and repayment date of the credit card under my name will be consistent.

It should be noted that e-loan is an independent account. When repaying, you need to designate an e-loan account separately for repayment.

Currently supported repayment channels include Mobile Life, Mobile Banking, and Online Banking.

Verb (short for verb) e. Credit information will be collected when a loan application is used or becomes past due.

If the application is successful, China Merchants Bank will report the credit information to a separate credit account. You can also show how much you used and money will be deducted. If you are particularly concerned about your total credits, you should apply carefully.

If the repayment is overdue, it will be reported to the loan overdue credit report. Once applied for use, do not expire.

Finally, summarize and remind points that are easily overlooked.

The interest rate of e-loan is not low, so it is generally not recommended to use it if you don’t need money urgently.

E-Loan is an independent credit account that can be used separately for credit reporting and repayment.

After applying for a loan, it may occupy the temporarily unused amount of your personal credit card account. We must pay attention to this. Although China Merchants Bank said it is possible, if you still have a large amount of fixed quota, it will definitely be occupied. Related Q&A: If the e-loan shows that it has not been credited to the account, is the application approved?

If the CMB E-loan application shows that it has not been credited to the account, the reason is:

After the E-loan is processed, the loan is usually released to the designated account within 48 hours, and the loan is issued in real time at the fastest. There will be a confirmation after success. SMS notification, please wait patiently.

If the repayment of China Merchants Bank’s E-loan always shows that it has not been recorded in the account, the reason is:

E-loan is generally credited to the account after 2 days of repayment. Whether the repayment is successful depends on your repayment record. allow.

If you have any other questions, you can call the customer service hotline of the credit card center. Cardholders can select "9" to transfer to manual service after entering their personal information for verification. Customers who do not hold a card: Select 3#→1→3 to enter manual.

(Response time: February 5, 2020, please refer to the official website of China Merchants Bank for the latest business changes)