Is it an online loan for Bank of Communications to enjoy the loan?

Not an online loan. Bank of Communications' loan enjoyment is a loan service launched by Bank of Communications, not a so-called online loan. Online lending refers to online lending services, and most of the loans launched by banks belong to loan products, only loans. Bank of Communications is not an online loan. Bank of Communications Privileged Loan is a credit card installment business specially launched by Bank of Communications for high-quality credit card users. Only high-quality credit card users can apply. In addition to the original limit, an irrevocable separate limit is added under the designated card for the applicant's large consumption and installment repayment. It is just a loan business, not an online loan.

① Enjoy loan is a brand-new credit card installment payment service launched by Bank of Communications, which provides mass consumer credit support with high exclusive quota (up to 654.38+0.5 million) and convenient service process. Enjoy the credit line is a single non-circulating line added in addition to the original line under the designated card. This limit does not participate in or affect the original limit of all credit cards under the cardholder's name, with a maximum of 1.5 million. This limit is valid for 90 days from the date of successful application. Non-recovery of credit line means that the used credit line will not be automatically recovered due to repayment, return, cancellation of installment and other reasons.

(2) Customers can use credit lines in most merchants who spend their daily lives, such as household appliances, high-end department stores, watches and jewellery, home decoration, furniture purchase, high-end banquets, travel vacations, wedding photography, further training and education courses, etc., covering all aspects of life, but businesses such as real estate, finance, securities, lottery tickets, hospitals, tax payment and government services cannot use credit lines by stages.

③ Use process

(1) Customers who have signed up to enjoy the credit line can use it in UnionPay unlimited merchants within 90 days. If the single batch consumption amount is greater than or equal to the initial transaction amount, it will be automatically converted into an installment plan according to the number of periods set by the cardholder. The initial transaction amount (65,438 yuan+0,500 yuan or 3,000 yuan) and the number of installments (65,438+02 or 24) are determined according to the customer's wishes.

(2) After the installment is successful, repay the loan on schedule (including the principal and handling fee of each installment after the loan installment).