Can be repaid in installments.

1. Cash installment business is a cash withdrawal and installment service provided by China Merchants Bank to eligible cardholders. Cardholders need to pay a certain installment fee; cash installment business is limited to RMB currency. The amount of cash that cardholders can apply for withdrawal is within the available cash advance limit of their credit card. The minimum amount applied for each time is 300 yuan. The cumulative maximum is 50,000 yuan.

2. The cash installment business provides 3-24 installments for selection, and the basic handling fee for each installment is as follows:

Handling fee for each installment = total installment amount × handling fee rate for each installment . 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. Once collected, the cash installment fee will not be refunded.

Extended information:

Cash installment business is only available to holders of our bank’s principal credit card. Cardholders who only hold a commercial card, business card, purchasing card, ANA guaranteed card or supplementary card cannot apply.

Cash installments cannot be used for investment (including but not limited to house purchases, 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 assistance, tourism, medical care, etc.). Cardholders must keep relevant consumption vouchers for cash payments, and the Bank has the right to access the consumption vouchers at any time.

China Merchants Bank-Financial Installment