1. Cash installment business is a cash withdrawal and installment payment service provided by China Merchants Bank for eligible cardholders. Cardholders need to pay a certain installment fee; Cash installment business is limited to RMB currency, and the amount of cash that cardholders can apply for withdrawal is within the cash limit that can be borrowed in advance on their credit cards. The minimum amount for each application for 300 yuan is 50,000 yuan.

2. Cash installment business provides 3-24 installments to choose from, and the benchmark fee rate for each installment is as follows:

Handling fee per installment = total installment amount × handling fee rate per installment. The total installment principal is amortized monthly, and the balance is included in the last installment. At the same time, the installment amount and the handling fee of each period are recorded. Once the cash installment fee is collected, it will not be refunded.

Extended data:

Cash installment business is limited to the application of major credit card holders of the Bank. Only holders of business cards, business cards, shopping cards, ANA protection cards or supplementary cards cannot apply.

Cash installment shall not be used for investment (including but not limited to equity investment such as house purchase, stock and futures), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ). Cardholders must keep relevant vouchers for cash payment, and banks have the right to access them at any time.

China merchants bank-installment financing