What does e-staging mean?

At present, both China Merchants Bank and Industrial and Commercial Bank of China have E stages. E-installment of China Merchants Bank is a special installment service for credit card holders of China Merchants Bank. There are independent accounts and independent installment quotas, which will not occupy credit card quotas. ICBC's e-installment is similar to China Merchants Bank's e-installment, which is a credit card cash installment service. After successfully applying for e-installment, ICBC credit card holders can transfer their credit card quota to their own special debit cards and then repay by installments.

How to apply for e-staging?

1. Submit an application: You need to bring your ID card and ICBC's credit card to the local ICBC outlet to apply. If it is inconvenient, you need to apply offline, but fortunately, ICBC's business outlets are still relatively scattered.

2. Funds arrive: After the credit card customer successfully applies, the installment funds will arrive in real time. Customers without credit cards need to apply for e-installment credit cards, and then apply for e-installment.

3. Repayment of consumption: After successful e-installment, you can use a special debit card to make consumption, and then repay it to your credit card every month according to the amount to be repaid in e-installment.

E. installment payment is a kind of transaction. To put it simply, in some product transactions with long production cycle and high cost, instead of paying all the expenses at one time, it is agreed to pay the money in multiple installments and pay certain interest in installments within a certain period of time. For example, if you buy a product with a price of 654.38+0.2 million yuan and pay in 654.38+0.2 installments, then the consumer only needs to pay 654.38+0.000 yuan per month. If there is interest on installment payment, you must pay an extra part of the fee every month.

Installment repayment-means that there will be multiple repayments, and the principal and interest of repayment will be shared among each repayment. Generally, there is an installment down payment. For example, the price of your mobile phone is 5000 yuan, and the down payment is 50%. Then you have to pay 2500 yuan to the merchant first, and then after the bank approves the installment payment, the bank will give you the remaining 2500 yuan in the card. You just need to swipe your card at the merchant to get the mobile phone. After each issue, you can deposit money in the card. For example, if you run six installments, you can deposit 2500/6=4 17 yuan for six months at a time.