What is the e-loan of China Merchants Bank?
1, lightning loan: no materials, no mortgage, online application, the fastest 30 seconds to complete the application;
2. Exclusive limit: independent e-loan account, exclusive cash limit, up to 30W, separate bookkeeping and separate repayment;
3. For the first assessment, the PBC interface will be called (which means that the credit report will be checked). If the evaluation is successful, an account will be added and the loan will be credited to a debit card at one time (supporting multiple banks);
4. Daily interest calculation: the expected annualized interest rate is 0.05% (the expected annualized interest rate on the promotion day is 0.04%), and the e-loan can be paid off at any time without affecting the personal account;
5. Flexible repayment: only the minimum monthly repayment is required, and the minimum repayment is calculated according to 10% of the total debt on the billing date.
E-loan of China Merchants Bank is a short-term cash credit business provided by China Merchants Bank to eligible credit card holders, with daily interest. After the application is successful, the money will be transferred to the valid one-card account opened by the cardholder in China Merchants Bank or the debit card of other banks supported by China Merchants Bank (the account opening certificate must be the same as our credit card).
This money can not be used for investment, such as house purchase, stock and futures investment, but can only be used for consumption, such as decoration, home appliances, wedding, car purchase, student aid, tourism and medical care. "e-loan" has an independent bill, and the date of the bill is the same as that of the personal credit card.
The interest generated in each billing cycle will be summarized into the "Cyclic Interest" of the current bill. Repayment needs to be made to the "e-loan" account separately. E-credit line is recycled, and a part of the line will be restored after each repayment. You can borrow it again as long as there is an available quota. E-loan eligibility is assessed by the banking system from time to time, and there may be no limit after repayment, indicating that the current account situation does not meet the e-loan conditions.
In short, China Merchants Bank e-loan is an online loan product issued by a regular company. Don't worry about it being tricky, but it is an online loan after all. Lenders should do what they can, and don't borrow blindly.