Take China Merchants Bank cash installment as an example:

1. Application conditions:

Must hold our bank’s personal credit card master card and maintain good card usage records . If you only hold a commercial card, business card, purchasing card, ANA guaranteed card or supplementary card, you cannot apply for cash installment at the moment.

The above are the necessary conditions for applying for cash installment. Whether the final application for cash installment is approved shall be subject to the comprehensive evaluation result of the Bank’s Credit Card Center.

2. Telephone application

1. Dial the 008205555 customer service hotline and press 9 to transfer to manual service after completing the identity verification;

2. Inform the customer service specialist of the application amount. The number of installments, transfer card number and fund purpose;

3. Enter the query password and other verification factors to successfully handle the cash installment.

Extended information:

1. Charging standard: It can be divided into 3, 6, 10, 12, 18 and 24 periods. The handling fee will be collected in installments.

Handling fee per period = total installment amount * handling fee rate per period. The total principal amount of the installment is amortized evenly on a monthly basis, and the remainder is included in the last installment. The installment amount of each installment and the handling fee of each installment are recorded at the same time. ?

2. Loan time limit: After the cash installment is processed, the system will review it in real time, and the loan will be released within 18 hours after the application is successful.

3. Usage of funds: The money applied for cash installment shall not be used for investment (including but not limited to house purchase, stocks, futures and other equity investments), and can only be used for consumption (including but not limited to decoration) , home appliances, weddings, car purchases, student aid, travel, medical care, etc.).

China Merchants Bank-Cash Installment