Love loan is a loan method introduced by Minsheng Bank to customers who meet the relevant conditions during the epidemic. The biggest difference from ordinary Minsheng Bank's installment is that Love Loan has the function of delaying the first repayment. When customers apply for love loans, the system will automatically implement the extension function, while ordinary installment does not have this function.

Minsheng Bank's credit card love loan is an automatic deferred repayment function provided to eligible customers during the epidemic.

Bill installment service. For example, after the credit card installment bill of Minsheng Bank, the system will automatically make the first repayment.

Extension; Minsheng Bank credit card daily installment does not have the function of delaying the first repayment.

Minsheng bank credit card must be repaid on time after daily use, and there can be no overdue repayment, because there will be penalty interest after overdue, and the longer the time, the more penalty interest. And after the deadline, the bank will collect it. If it is overdue for a long time, the bank will sue the cardholder and must return it after the subsequent court decision.

If the credit card cannot be returned on time after use, you can use installment or minimum repayment amount at this time, but you need to apply between the billing date and the repayment date. When applying for installment repayment, users can choose different installments, which are generally determined according to their monthly income.

It is worth noting that the overdue repayment of credit cards will be uploaded to the credit information center, which will affect the handling of various loans, such as car loans or mortgages. After the overdue debts are returned, the overdue records will continue to be kept in the credit information for 5 years, and will automatically disappear after 5 years.

Minsheng Bank's "loan-loving" business is actually a billing installment service with automatic deferred repayment function for cardholders who meet certain conditions during the epidemic. Customers can choose to apply for installment repayment for the part of the billed amount from the next day to the final repayment date (inclusive). After the customer successfully applies for installment, the system will automatically postpone the first repayment. In addition to the above, we should also pay attention to:

1, and its business development time is from February 27, 2020 to the end of the epidemic;

2. Accounts that can be handled: as well as some traditional personal card accounts that you want to handle in the bill installment business, both local currency and foreign currency are acceptable.