You can apply at the same time and it will not affect your credit record. Just repay on time.

Cash installment loan time: In order to improve customer experience, starting from 10:00 on May 5, 2016, the loan time limit for China Merchants Bank's credit card cash installment business will be adjusted from 18 hours after processing to the fastest real-time payment. Account, hereby announced.

E-Zhao Loan lending time: If you apply for e-Zhao Loan before 16:00, the payment will usually arrive on the same day. If you apply for e-Zhao Loan after 16:00, the payment will usually arrive at around 8:00 the next morning.

Charges:

Cash installment: The cash installment business provides 3-24 installments to choose from, and the basic handling rate for each installment is as follows. 3 periods are 0.95, 6 periods are 0.80, 10 periods are 0.75, 12 periods are 0.75, 18 periods are 0.75, and 24 periods are 0.75. The above rates all refer to single period rates.

e Zhao Loan: After successfully applying for "e Zhao Loan", you will not enjoy the interest-free repayment period. Interest will be calculated on a daily basis starting from the date of application. The daily interest rate is 0.04% and is calculated monthly. Compound interest. No additional handling fee is charged.

The loan is for three years. Currently, there are no cash installments with such a long period. E-loans are available, but the interest will add up to a relatively high amount.