Are China Merchants Financial Loans reliable?

China Merchants Union Financial Platform is a formal licensed institution, but whether it is reliable or not is another matter. Let me tell you about my experience.

I came into contact with China Merchants Union Finance in 2018 and found it through JD.com’s platform. At that time, I had to pay back my credit cards and the capital turnover was not good. As a result, China Merchants Union Finance gave me a quota of 150,000 upon review, and it was also a revolving quota. At that time, I was in a hurry to borrow money. I didn’t have much experience, and I didn’t look at the specific interest rate. Anyway, I just had the money to use, so I took out all the money. Maybe the credit is still good, so you can keep using it on a recurring basis. After all, the credit limit is for one year. However, after 10 months of use, China Merchants Union suddenly froze my credit limit and I could only repay but not borrow. This gave me a headache all of a sudden. In the end, I could only borrow money from other platforms to plug the hole (falling into the big pit of online lending). But it's not overdue, so it's still worth celebrating.

As I mentioned before, I have been tricked by online loans. I have paid off China Merchants Union, but I owe money to other platforms. With the attitude of giving it a try, I applied for China Merchants Union again, and this time directly downloaded its own app. In the end, it still gave me a quota of 150,000, and it was still recurring. I took it down immediately because I was short of money. That was in July, but this time, China Merchants Union was even worse and froze my account at the end of October. It makes it even more difficult for me. The monthly repayment amount is 18,000 yuan just to pay him back. During the Spring Festival, the money was even worse due to the epidemic. I made collection calls every day because I knew how to answer the phone. It didn't explode the address book, but negotiating with them was useless. That night, my wife was picked up right in front of me because she didn't answer the phone once. A blood vessel really burst at that time (my wife didn’t know I was taking out an online loan). The results can be imagined...

So although it is formal, it is impersonal, otherwise where would the profit of 1 billion a year come from. Online lending is as deep as the sea, and the road to online lending is long.

The platform is a formal platform because it has a financial license and you can make a deposit as long as you have a quota. But online loans are online loans, not banks. The interest rates are higher than banks, and the routines are deep. Let me talk about my experience. If you need it urgently for a short time, it is okay...

I remember it was May 2017, because I I lost over 100,000 yuan playing cards and I had no money to pay back. I borrowed 80,000 yuan from China Merchants Financial Services Group in installments. I thought it was a revolving credit limit and I could pay it back slowly. Who knew that my credit limit was stopped after less than 4 months of use? I had no choice but to borrow money from other platforms and pay it back. At that time, I was glad I didn't expect it. But when I paid off all the money from other platforms, in August 2019, I accidentally discovered that my China Merchants Union limit had reached 100,000 again. But I really don’t want to touch it, I don’t dare. If you want to borrow money, go to a bank! What if you dare? Pit pit...

China Merchants United Finance is a consumer finance company jointly established by China Merchants Bank and China Unicom, approved by the China Banking Regulatory Commission (now the China Banking and Insurance Regulatory Commission). It is a formally licensed online lending platform. He is also a representative of a banking consumer finance company. Currently, it has two major consumer financial product systems: "Haofu Loan" and "Credit Payment", which provide cash loans and consumer installments without mortgage or guarantee.

China Merchants Union Hao Futures Loan earlier cooperated with Alipay’s Zhima Credit to issue small credit loans to some users with higher Zhima Credit scores. Later, after being suspended by regulators, the loans were instead issued through channels such as the China Merchants Bank APP. loan. The credit limit can be independent of the CMB credit card.

Specific products include "Zhaolianhao Futures Loan", "White-Collar Loan", "Owner Loan", "Provide Fund Loan", "Student Pocket Money", etc.; the consumption scenarios cover education, medical care, medical beauty, Home decoration and other fields.

When using consumer financial products, you must do what you can to prevent over-indebtedness. If you encounter vicious collections or loan sharking or routine loans, you can complain to the mutual finance office or keep evidence to call the police.

Is the loan from China Merchants Financial Company reliable? Is it a formal platform? This question needs to be comprehensively analyzed from several aspects:

China Merchants Financial Company: Reliable, a joint venture between China Merchants and China Unicom A financial company established is very reliable from the background of the investors, which means that the investors are all large enterprises, and at least there will be no running away, so simply speaking, this company is very reliable and safe.

Merchants Union Financial Platform: Since it is a financial platform, there will be loans. So is it reliable to choose this platform to borrow money? The answer here can also be affirmative, reliable. Of course, borrowing is reliable, and The company is eager for users to borrow money from the platform. Why do you say this? Borrowers borrowing money from the platform need to charge a certain amount of interest according to the interest rate given by the platform and the repayment period. In other words, the platform can increase its income through interest. Of course This interest rate is completely determined by the platform. The interest rate can only be calculated when the borrower borrows money through the platform.

After we have introduced the company of China Merchants Union Financial and the platform developed by the company above, we can already draw the conclusion that the company is reliable, the platform is reliable, and borrowing is no problem, but the borrower needs to repay the loan on time. And bear the corresponding interest, and the interest rate of the platform is what borrowers need to pay attention to. The level of interest rate is the purpose of the platform to achieve profitability. Therefore, borrowers must calculate the interest rate and repayment interest when borrowing from the platform. Don’t be fooled by some small rules of the platform. Although there are currently no problems with the platform and the company, the problems may be due to some small rules, because these small rules are customized by humans, so since it is a human factor, the borrower here will It is necessary to pay close attention to the loan terms and repayment regulations when borrowing. Only in this way can the borrower be prevented from being deceived, causing the borrower to suffer unknown losses.

I hope more investors will actively speak in the message area to discuss and grow the future together!

This financial business, which China Merchants and China Unicom cooperates with, is quite powerful in extracting loans. If you can't go to work due to the epidemic, you can immediately take out a loan. ruthless.

Formal is formal, but the interest rate is higher than loan sharking. Generally, it is around 20. If you can afford the interest rate, it is okay to use it in the short term, but it is not recommended for long-term use. In other words, you can use your credit card for short-term use and it will be interest-free for forty or fifty days. There is no need to borrow such high-interest loans.

China Merchants Union Consumer Finance is a legal and compliant formal consumer finance institution approved and established by the China Banking Regulatory Commission. The loan products launched are legal and compliant in terms of interest rates and do not exceed relevant regulations. China Merchants Union Consumer Finance The lending product is reliable and a formal platform.

China Merchants Union Consumption?

For many people, they only know that China Merchants Union Consumer Finance is an Internet lending platform, but they do not know the organizational structure of the company. Here, let’s talk about China Merchants Union Consumer Finance and which institutions were established. Come.

I believe everyone is familiar with China Unicom and the national commercial bank China Merchants Bank. China Merchants Bank Consumer Finance is actually the consumer finance jointly established by the above two companies. The company is registered in Qianhai, Shenzhen The registered capital is 2 billion yuan, with each shareholder holding 50% equity. Wang Xiaochu, chairman of China Unicom Group, serves as chairman of the company, and Tian Huiyu of China Merchants Bank serves as vice chairman of the company.

Are the lending products compliant?

Currently, China Merchants Union Consumer Finance has launched two loan products, namely good term loan and credit payment. The interest rates of both products are within 36, but the interest rate is not a fixed interest rate. According to the applicant, The floating interest rates of personal credit reports are all products of credit check and credit report. Because behind them is the risk control system of China Merchants Bank, interest can be calculated on a daily basis for borrowing and repaying at any time.

However, from the perspective of this epidemic, China Merchants Union Consumer Finance is not very user-friendly. Although it gives users a certain extension of repayment time, it is only a grace period of 3 days. For those whose bills are overdue, For users, it is not possible to apply. China Unicom, one of the three major operators, and China Merchants Bank launched a consumer financial institution. It can be said that it is not too willful during the epidemic!

In summary: Although China Merchants Union Consumer Finance is a formal institution, it is not recommended that you use it frequently during use, because the product will be used once to check the credit report and report to the central bank's credit report. Frequent use It will affect personal credit record.

This platform has been on the 315 blacklist and is very unreliable. It attracts customers in the name of so-called investment promotion and China Unicom. Many people report that they close bills and stop circulation at will and illegal collection is serious. I suggest you be cautious

Of course it is reliable!

However, its use is not recommended!

Go check out Ju Complaint: They also use all kinds of violent collection methods, threats, and intimidation tactics!

And it is also listed in the credit report. Use it once and there will be a record!

It will lower your credit to the lowest level!

It may be difficult to get a later loan to buy a house...but buying a car is probably no problem [laughing][laughing][laughing][laughing]