How to pass China Merchants Bank flash loan

For China Merchants Bank’s flash loan business, you can currently apply for it through mobile banking or check whether you are eligible to apply.

1. After the flash loan is issued, cash will be released to the designated account. The funds can only be used for normal bulk consumption and transfers, and are not allowed to be invested or flowed into the stock market, real estate, etc.

2. If you hold a China Merchants Bank savings card, you can log in to mobile banking and click "My → All → Borrow → Flash Loan" to apply for a flash loan. Your specific quota will be determined based on your business situation in China Merchants Bank and can be viewed after successful application.

3. Different types of flash loans have different limit regulations. Generally, the maximum credit limit does not exceed 300,000, which is ultimately displayed on the loan page. If you have obtained the qualification for a flash loan, you can log in to the "Flash Loan" module of China Merchants Bank's mobile banking APP or online banking to check your maximum application amount. The minimum amount of a single withdrawal is 1,000 yuan, and the maximum amount does not exceed the quota amount and must be 1,000 an integer multiple of.

4. There are two types of applications for borrowing money within the flash loan limit:

(1) Loan within 15 minutes, automatically approved within 5-10 minutes, and the loan will be released immediately after approval, and you will be informed by text message Result

(2) Loan on T 1st. There will be a phone call from the nuclear power bank within 1 day to verify, and the loan will be arranged after confirming the information. If you contact the applicant 3 times but do not receive an answer, your application will be unsuccessful and you will need to apply again.

Warm reminder: ①If the loan is not automatically released within 5-10 minutes, normally you have to wait for phone review. The approval progress cannot be directly queried, and the specific approval results shall prevail.

② When a flash loan is used to build a credit limit, there will be an inquiry record on the credit report. If you have successfully established a balance but have not withdrawn money: there will be no credit record in the credit report; for each subsequent withdrawal, there will be a loan record in the credit report.

(Response time: March 11, 2021. For the latest business changes, please refer to the official website of China Merchants Bank.)