1, "Borrowing with repayment" refers to the products that customers who have obtained the personal revolving credit line of China Merchants Bank and signed relevant agreements borrow or repay by themselves through electronic channels such as online banking or telephone banking of China Merchants Bank, including the three functions of "self-borrowing", "self-prepayment" and "automatic prepayment" pioneered in China.

There is no fixed repayment plan with the loan, and the amount can be restored after the loan is repaid.

1) Borrow if you want, and get it done in an instant.

Borrowing money through China Merchants Bank's online banking professional edition and telephone banking's quick and easy financial management channel is convenient and quick, and it can be received immediately without going to outlets.

2) If you want to pay it back, you can save interest.

Pay back at any time through online banking (professional version, popular version) and telephone banking, and save one day's interest in advance!

3) Automatic early return, the first in China.

Set up a special repayment account, and the RMB demand deposit deposited in this account will be automatically used for repayment every day, saving interest every day!

4) one-time application and repeated use

"Borrow with loan" can be reused within the credit line.

5) There are many service channels, which are convenient and quick.

China Merchants Bank's excellent online banking and telephone banking provide you with 365 days and 24 hours loan and repayment services.

2. Average capital loans, compared with loans with equal principal and interest, use a simple way to calculate interest, and only the principal generates interest (while loans with equal principal and interest need to generate interest). In this way, under the same loan conditions, using average capital loans obviously costs less interest than matching principal and interest loans.

Calculation formula of average capital loan:

Monthly repayment amount

=

(loan principal)

/

Number of repayment months)+(principal

—

Accumulated principal repayment amount) × monthly interest rate

As can be seen from the formula, the repayment amount of each installment calculated by the average capital loan is different. From the early stage to the late stage of repayment, the amount gradually decreases, while the repayment amount of each installment calculated by the equal principal and interest loan is equal.