Application conditions for borrowing money to spend China Post: The borrower 18 years old or above, has full capacity for civil conduct, has a fixed job and stable income, and has a good personal credit record.
China Post's loan is more reliable. After all, there are still some differences between online loans, small loans and credit cards. Whether applying for online loans or using credit cards, it is to solve the problem of tight funds. Which financing method to choose to help you analyze the pros and cons? I suggest you make a choice between online loan and credit card after repeated investigation.
I. Application conditions
Online loan: On the threshold of application and use, online loan is relatively low, and the conditions for review are relatively wide. For some applicants or college students with poor qualifications, the probability of the next payment is higher. Therefore, compared with applying for a credit card, the threshold of online lending is relatively low, and it is more favored by some people.
Credit card: The application review mechanism of credit card is strict. For applicants with relatively poor qualifications, the probability of rejecting the card is relatively high. Compared with online loans, credit cards have a higher approval amount, are more suitable for long-term use, and use more money. The key is that long-term use can accumulate personal credit. At the same time, the amount of funds is also constantly improving, which will help you to approve mortgage loans in the future!
Second, the approval speed.
Online loan: At present, most online loans on the market are aimed at small loans, and the approval speed is very fast. At that time, the application was for online loans, and the quota was directly approved according to their credit qualifications. The next day, some of them were opened at that time. Now many banks have also launched online loans, which is very convenient, but every time you apply for a loan, you must check the credit report.
Credit card: A number of banks can apply for credit card quotas on site, which can be directly mailed to them within one week and activated directly at the bank counter. Friends who already have a credit card can withdraw cash at ATM, but the withdrawal fee is relatively high. You can also use a friend's POS machine to brush out the money and pay it directly to the account, which is convenient and fast!
Third, the installment interest comparison
Online loan: The interest rate of most online loans is higher than that of banks. All online loans have no interest-free period. If it is overdue, the interest will be higher, and there will be daily means such as debt collection and intimidation. Even if you apply for online loans through formal channels of banks, the interest will be above 18% and below 36%, so be careful!
Credit card: Every bank's credit card has an interest-free period. Even if you swipe your card yourself, the cost is between 6% and 7.5%+3, and you can generally use it for free 18-56 days. At the same time, the money in the card can be recycled, and the money in the card can be recycled without any interest!