Is lightning loan reliable?

China Merchants Bank's lightning loan is more reliable. The reason for this is the following：

1. At present, the lightning loan amount of China Merchants Bank is between 1000 yuan and 500,000 yuan. For personal consumption loans, the maximum loan limit is 300,000 yuan, and the minimum annualized loan interest rate is 7.2%, which still bears interest on a daily basis. It also supports prepayment, so overall it is very good.

2. The repayment method of China Merchants Bank's lightning loan is mostly equal repayment, which is divided into 24 installments at most, and the principal and interest are repaid every month. However, there is interest before the principal is repaid. Under normal circumstances, high-quality units, teachers, doctors and civil servants can recognize the repayment method of interest first and capital later. Units, if the deposit base of the provident fund reaches the scoring standard of China Merchants Bank, such an excellent repayment method can be approved, and the interest can also be approved at 4%-5%.

3. Click to apply for lightning loan and fill in the information. If the credit investigation is over, I will call you in half an hour to ask about the work and whether to apply. After the phone is approved, a loan text message will be sent within half an hour. The examination and approval time is fast and efficient.

1) However, it is worth noting that when reviewing the borrower's lightning loan application, China Merchants Bank will mainly inquire about the borrower's personal credit information, provident fund, social security, personal tax and other information, and will decide to provide the borrower with a credit line based on this information. Therefore, if you want a higher loan amount, the borrower must have a stable job and a good credit status.

2) Compared with other banks, the interest on lightning loans is actually higher. People who work in high-quality units, such as teachers, doctors, civil servants, or people with a provident fund base of more than 23,000, can approve the annual interest rate of 4-5%, otherwise the annual interest rate will generally exceed 8%.

3) The lightning loan can be repaid at any time, but it cannot be borrowed at any time. For example, you can take 100000 in the quota. You took out 100000, used it for half a month, and then returned it. Only half a month's interest. If you return it and then take it out, you have to check the credit information. You may never get it out again.

4) After borrowing this loan, the lightning loan will check the credit in the form of post-loan management every once in a while to see if these loans are overdue and whether there are high-risk behaviors. Do you often use credit cards? When the risk control determines that you are a high-risk customer, the quota may be withdrawn.