The money shall not be used for investment (including but not limited to equity investments such as house purchase, stocks and futures), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).

However, it is necessary to keep the relevant consumption vouchers of the money successfully obtained by applying for e-loan. China Merchants Bank has the right to collect consumer vouchers at any time, and the lender shall cooperate.

Extended data:

E. loan charges and repayment regulations

Charge: If the cardholder chooses "repayment at any time" when applying for "e-loan", he will not enjoy the interest-free repayment period after the application is successful. No matter whether he uses it or not, the interest will be calculated from the date of application, and the daily interest rate will not exceed 0.05%. The monthly bill is compounded with interest, and no extra handling fee is charged. If the cardholder chooses the method of "installment repayment" when applying for "e-loan".

After the application is successful, you need to pay a certain fee, which will be collected by stages. Fee for each installment = total installment amount × fee rate, and the monthly rate shall not exceed 0.95%. The repayment amount of each installment and the cardholder's current expenses will be included in the credit card bill of this installment, without additional interest. The daily interest rate and handling fee rate shall be subject to the real-time evaluation of the system.

Minimum repayment amount of "e-loan" account: the sum of the following amounts: 10% of the principal and interest arrears of "e-loan" account; 65,438+000% of installment repayment principal, service fee and installment interest of "e-loan" account; 100% of the liquidated damages owed by the "e-loan" account; The minimum amount of all outstanding in the previous period. Before the due repayment date, the cardholder must pay at least the minimum repayment amount of the "e-loan" account. If the cardholder fails to pay off the minimum repayment amount before the due repayment date, the cardholder's credit history will be affected.

Liquidated damages: Liquidated damages refer to the fees that the cardholder should pay to the bank according to regulations when the repayment amount before the due repayment date (inclusive) is lower than the minimum repayment amount of the "e-loan" account. If the cardholder fails to pay off the minimum repayment amount before the due repayment date, he shall pay a monthly penalty of 5% for the unpaid part of the minimum repayment amount (the minimum penalty is 65,438 yuan +00 yuan).

References:

Terms and Conditions of China Merchants Bank-China Merchants Bank Credit Card E-loan Business