The loan amount of China Merchants Bank's good-term loan: at least not less than 500 yuan; Repayment method: equal repayment of principal and interest; Loan term: 3, 6, 12, 18, supporting 24-month installment.
Good term loan is an online personal consumption loan product launched by Zhaolian Consumer Finance Company, a joint venture between China Merchants Bank and China Unicom Group. Credit loans do not need mortgage or guarantee, and loans are obtained purely by personal credit. At present, applications can be submitted through channels such as China Unicom and China Merchants Bank.
Generally speaking, China Merchants' good-term loans are reliable. China Merchants Bank and China Unicom are both companies with strong backgrounds, and the loan interest is charged on a daily basis with an annual interest rate of 16.4%. After borrowing money, it must be repaid in accordance with the provisions of the platform. If it is overdue, it will cause high penalty interest, liquidated damages and late payment fees. And it will also affect personal credit information. If it is not returned for a long time, it may be sued by the platform.