China Merchants Bank’s flash loans are formal. China Merchants Bank independently promotes flash loans, mortgage loans, etc., with very low interest rates, within 8-10 per annum. You can try China Unicom’s long-term loan through China Unicom. The interest rate is within 11%, which is relatively acceptable, so this is true.

1. The specific calculation method of China Merchants Bank’s flash loan is as follows:

1. The interest of China Merchants Bank’s flash loan is calculated based on daily interest rate, and the daily interest rate is 0.042.

2. The calculation formula for CMB flash loan interest is: 0.042*loan amount*loan period. The minimum loan amount of China Merchants Bank’s flash loan is 1,000 yuan and the maximum is 500,000 yuan. There are three options for loan terms, namely, 6 and 12 months. The calculation of CMB’s lightning loan interest is related to the loan amount and term.

Extended information: "Flash Loan" is the Chinese translation of P2P lending. To put it simply, individuals with funds and financial investment ideas use intermediaries to match up and use credit loans to lend funds to other people with borrowing needs.

2. CMB flash loan requires the following conditions to apply for:

1. CMB all-in-one card customers

Flash loan is only for internal customers of China Merchants Bank. Applicants must I have handled retail businesses such as deposits, wealth management, payment services, and payroll services at China Merchants Bank for a certain period of time, and I have also opened a China Merchants Bank all-in-one card. For specific deadlines, please contact China Merchants Bank customer service for consultation.

2. Good credit standing

Applicants must have good credit standing and their loans and credit cards are not overdue. If they are overdue within 2 years, they will not be able to apply for China Merchants Bank Flash Loan. If you are not qualified to apply for a flash loan, you need to continue to handle various retail businesses with China Merchants Bank and maintain a good credit record. When the borrower meets the application conditions for a flash loan, he or she will receive a flash loan fund notification text message.

If you handle more retail businesses (such as deposits and financial management) with China Merchants Bank, the longer the time, the more transactions, and the more deposits you retain, the higher the chance of you being eligible for a "flash loan" loan. The higher the amount, the larger the limit may be; in addition, you also need to maintain a good personal credit record.