How to activate BOC E-loan through Bank of China mobile banking?

In Bank of China mobile banking, the five steps to apply for BOC E-loan are as follows.

(1) Open the Bank of China APP.

(2) Click "Login".

(3) Click "More".

(4) Click "BOC E-Loan".

(5) Click "Apply".

Product description of Bank of China E-Loan (personal online consumer loan).

(1) Loan amount: up to 300,000 yuan.

(2) Loan period: The loan quota is valid for 12 months. The borrower can recycle the quota during the quota period, and the quota can be reactivated after the quota expires.

(3) Loan purposes: Loans can be used for legitimate and reasonable personal consumption expenditures such as home improvement, car purchase, education, medical care, etc., and shall not be used for non-declared purposes and personal expenditures prohibited by laws and regulations.

(4) Usage method: The credit line can be used repeatedly during the validity period and can be borrowed and repaid at any time. The loan accrues interest on a daily basis based on the actual number of days the loan is used.

(5) Repayment method: A single payment can be repaid by one-time repayment of principal and interest when due, monthly interest payment and repayment of principal when due.

(6) Guarantee method: credit loan, no pledge guarantee is required.

(7) After approval, click Withdraw, select the loan purpose, amount and term as needed, and enter the mobile phone verification code and dynamic password. The funds will be credited immediately after the withdrawal is successful.