What product is e-loan?
What is the e-loan of China Merchants Bank? E-loan is a credit card loan provided by China Merchants Bank for credit card users of other banks, which is mainly divided into commodity and cash loan products.
China merchants bank e-loan application
Note: If you have a CMB credit card, you won't see E loan when you log in, because CMB can register without a credit card, so you can apply for this product without a CMB credit card.
How to apply for e-loan
In fact, the method of applying for e-loan is very simple, 1, and there is no CMB credit card at hand; 2. Download the latest version of China Merchants Bank Pocket Life; 3. Register an account and log in; 4. Choose card finance -e loan. After completing these steps, you can apply for e-loan.
How to calculate the interest on e-loan?
E-loan has two repayment methods. You can choose freely when applying for a loan, and the corresponding handling fee and interest are different. Look at the charging standard specifically.
1, you can borrow it or return it. If the repayment method is "repayment at any time" when handling e-loan, the interest will be calculated on a daily basis, and no handling fee is required. Interest is calculated from success, with a daily interest rate of five ten thousandths, and compound interest is calculated every month when the bill is issued.
2. Repayment by installment. If you find it difficult to repay the loan, you can repay it monthly. E-loan also provides this installment repayment method. In this way, you only need to charge a handling fee. Handling fee formula = total number of periods x handling fee rate of corresponding periods, which is charged once a month ~