China Merchants Bank cash installment handling fee, China Merchants Bank credit card cash withdrawal

China Merchants Bank cash installment is a business provided by China Merchants Bank to withdraw cash and repay it in installments.

Application Requirements: Must hold a CMB credit card, personal card, principal card, and maintain a good card usage record. If you currently only have a Commercial Card, Business Card, Purchasing Card, ANA Guarantee Card or Supplementary Card, you cannot apply for cash instalment.

Processing fee: <>

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

If there are 3 installments, the handling fee for each installment = 4000 * yuan.

It is possible to repay the loan in installments.

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

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

Handling fee per installment = total installment amount * handling fee rate per installment. The total principal amount of the instalment is amortized evenly on a monthly basis, and the remainder is included in the last instalment. The instalment amount and handling fee of each instalment will be credited at the same time. The cash instalment fee is non-refundable once collected.

Everyone has a shortage of money, so what do people do when they need cash urgently? Credit card cash withdrawal fees are too expensive, and the interest charged every day is really not cost-effective. This is where credit card cash installment can help us.

Let's tell you how much is the interest on the cash installment fee of China Merchants Bank?

Credit card installment includes bill installment and cash installment, and credit card bill installment refers to an early consumption method in which the cardholder applies to the card-issuing bank for installment payment of the consumption amount after the consumption of the card and before the due repayment date. Cash installment, sometimes referred to as cash installment, is generally applied for by the credit card holder, or the issuing bank actively invites the cardholder to apply, converts the credit card limit of the cardholder into cash, transfers it to the designated debit card (the Bank or other banks), and divides it into a specified number of months and installments for repayment.

How to apply for cash instalments

The cash installment business is very convenient, we can handle the cash installment through the pocket life, as long as the pocket life is bound to the CMB credit card and debit card at the same time. Log in to Pocket Life, enter the card payment, you can see your personal information and the information of the bills that have been issued and the bills that have not been issued, and there are also functions such as installment repayment and cash installment.

You can also call 4008205555 customer service**, and press 9 to transfer to manual service after completing the identity verification. Inform the customer service specialist of the application amount, number of installments, debit card number, and purpose of funds to apply**.

Cash instalment fee

The maximum amount of cash instalment is 50,000, the minimum amount is 300, the minimum number of installments is 3 instalments, and the maximum number of instalments is 24 instalments. Cash installments are basically received in seconds, which is very fast. The handling fee for cash installment is divided into 3 installments, 6 installments, 10 installments, 12 installments, 18 installments, and 24 installments, and the handling fee is charged in installments.

The total principal amount of the instalment is amortized evenly on a monthly basis, and the remainder is included in the last instalment. The instalment amount and handling fee of each instalment will be credited at the same time.

Note:The funds applied for cash installment shall not be used for investment (including but not limited to house purchase, **, ** and other equity investments), and can only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, student assistance, travel, medical treatment, etc.).

Now that there are more and more customers who apply for cash installment of China Merchants Bank, do those who want to handle this business have a lot of questions to understand? In particular, the question of how much is the cash installment fee. Let's tell you one by one.

CMB's cash installment business is divided into 3 to 24 installments, and the benchmark handling fee for each installment is as follows:

The calculation formula of the handling fee is as follows: Handling fee for each period = Total amount of installments * Handling fee rate for each period. The total principal amount of the instalment is amortized evenly on a monthly basis, and the remainder is included in the last instalment.

The instalment amount and handling fee of each instalment will be credited at the same time. The cash instalment fee is non-refundable once collected.

For example, Xiao Xun Yuanwang applied for a cash installment of 1,000 yuan, and he chose to divide it into 12 installments. Then Xiao Wang's principal payable for each period is 1000 * yuan per period. On each repayment date, Xiao Wang must ensure that there must be more than RMB in the bound bank card.

The total repayment fee is $90.

The amount of cash instalment application is limited to RMB, and the amount of each application cannot be higher than the available credit card cash advance limit, and the minimum amount for each application is RMB 300. Cash installments can be applied consecutively, but the cumulative amount shall not exceed 50,000 yuan. The maximum cash installment amount for each customer is subject to the approval of China Merchants Bank.

Now there are more and more people using the credit card of China Merchants Bank, and there are many people who apply for cash installment of China Merchants Bank, so how much is the handling fee of cash installment of China Merchants Bank, and how to calculate the interest of cash installment? I believe that this is the most concerned issue for most people, and the following will help you interpret it in detail.

When applying for CMB cash installment business, CMB will present the corresponding terms and conditions, and once you successfully apply, it means that you have read and agreed to abide by the terms and conditions. Among them, the handling fee for cash installment is as follows:

1. China Merchants Bank cash installment provides users with a variety of installments of 3 installments, 6 installments, 10 installments, 12 installments, 18 installments and 24 installments, the period is in months, and the corresponding handling fee for each period is 、、、 and the shorter the number of installments you loan, the higher the rate, the higher the corresponding handling fee, and the rate of more than 10 installments can be repaid in 24 months at most.

2. After the cash installment business is successfully handled, the installment amount will be included in the bill together with the one-month bill after the installment. The formula for calculating the principal payable in each installment of cash installments is: the total principal of the installment The number of installment periods, if there is a remainder, it will be included in the last installment, note that the amount is accurate to the cent.

The formula for the handling fee is: the total amount of installments * the installment rate。Once charged, the handling fee is non-refundable.

4. The repayment amount of each cash installment includes the principal and handling fee of each installment, only when both are available, the system will deduct the payment, if the balance of your bound bank savings card is not enough to deduct these two items, the deduction will fail.

5. If the cardholder needs to repay the loan in advance, he or she needs to call the customer service hotline of China Merchants Bank Credit Card (4008205555). Early repayment is also required to pay off the outstanding instalment fee. That is, once you successfully handle the cash installment business, you must bear all the handling fees, even if you repay the loan early.

The standard of handling fee for China Merchants Bank's cash installment business has been clearly told to you, and the cash installment interest algorithm is also provided, is the algorithm very simple! Therefore, when you are ready to apply for the cash installment business of China Merchants Bank, you must think about the total amount of application and the number of installments, because this is related to your personal vital interests.