信用卡现金分期开“卷”！利息低至1.7折起，限时优惠并非人人可享

Core Viewpoint - The consumer loan market has experienced a "rate war," with many banks offering annualized rates below 3%, prompting regulatory intervention to raise rates to at least 3% starting April 1. However, banks have shifted their focus to credit card cash installment services, offering promotional rates as low as 1.7 times the base rate, resulting in annualized rates below 3% [1][4][9]. Summary by Sections Consumer Loan Market - In March, consumer loan rates fell below 3%, with some banks offering rates as low as 2.4%, marking a historical low [1]. - The decline in consumer loan rates has raised concerns about potential misuse of funds, as loans may be diverted to real estate and capital markets [1]. Credit Card Cash Installment Promotions - Banks have launched limited-time promotions for credit card cash installment services, with rates as low as 1.7 times the base rate, translating to annualized rates of approximately 2.76% to 3.19% depending on the bank and repayment period [3][4]. - For example, China Merchants Bank's "e-loan" offers a promotional rate of 1.7 times for 12 months, resulting in an annualized rate of 2.76% [3]. Bank Strategies and Consumer Caution - Banks are employing a strategy of "volume compensating for price" to expand retail loan growth and manage credit risk by targeting specific customer segments [9]. - Consumers are advised to carefully evaluate the total costs and their repayment capabilities before applying for cash installments, as misuse of funds can lead to penalties and impact credit scores [9].