1. What is the difference between consumer loans and credit card loans?

China Merchants Bank: Apply for a credit card through a credit card and no collateral is required; apply for a consumer loan through an all-in-one card, usually with real estate as collateral (some cities have consumer credit loans without collateral, and the review is relatively strict).

2. What is the difference between consumer loans and car loans?

Consumer loans, also known as consumer loans, are commercial banks and financial institutions that provide personal loans to consumers based on consumer credit. Granted for the purchase of durable consumer goods or expenses

Consumer loans include:

1. Residential mortgage loans.

2 Non-residential loans

Mainly include car loans, durable consumer goods loans, education loans and travel loans.

3 Credit card loans.

In other words, car loans are a type of consumer loans. There is no essential distinction between them. They are all consumer loans.

3. "What is the difference between credit card loans and consumer loans?

China Merchants Bank: Apply for a credit card through a credit card, and no collateral is required; apply for a consumer loan through an all-in-one card, and generally use real estate as a mortgage (some There are consumer credit loans in cities, which do not require collateral and are relatively strict in review)

4. The difference between credit card loans and consumer loans

In life, we sometimes encounter difficulties. At this time, a loan is undoubtedly a good choice. So which loan to choose? Let me introduce to you the differences between credit card loans, consumer loans and so on.

1. In essence, these are all credit products, which are loans for consumption first and then repayment. They are all credit loan services obtained based on personal credit and other conditions.

Credit card loans refer to banks based on their credit. Personal credit status gives the cardholder a certain limit, and the cardholder can use the credit card for consumption. A consumer loan is a kind of loan issued by the bank to the borrower, but the loan funds can only be used for limited consumption purposes. It is a business loan targeted at individuals or families and is an extension of micro loans in practical applications.

2. In terms of loan amount, credit card loans are the smallest, followed by consumer loans. < /p>

The initial credit card loan limit is only a few thousand, and rarely exceeds tens of thousands. However, the limit of consumer loans can be increased to several million depending on the cardholder, spending power and credit situation. , depending on the consumption purpose, the limit is higher than that of a credit card, which can reach several hundred thousand, but it will not exceed four or five million, which is less than a consumer loan.

3. In terms of loan period. , the repayment period of consumer loans is the longest, and secondly, the credit card period is the shortest.

If you choose installment payment for credit card repayment, the repayment period can be extended to one year, but the maximum period will not exceed two years. It can be up to three years, while consumer loans can be up to five years.

4. In terms of loan purposes, consumer loans can only be used for designated items, while credit cards can be used for various purchases.

Each consumer loan can only be used for specified purposes and cannot be used for other purposes. For example, a home loan can only be used to buy a house, and a car loan can only be used to buy a car. There is no such restriction. It can be used for various consumptions, both in life and entertainment.

5. In terms of loan interest rates, credit cards have lower interest rates, while consumer loans have higher interest rates. < /p>

Credit cards have a certain interest-free period (which varies depending on the bank and card type, some can be up to 56 days), but if you use a credit card to withdraw cash, a handling fee will be charged (usually between 1% and 1%). 3%) and interest (daily interest rate is about 5%). The interest will be calculated from the day of the loan, and the interest rate will be higher than the loan base rate. Consumer loans are adjusted based on the benchmark interest rate announced by the central bank, which is between 4% and 5%. /p>

6. In terms of repayment methods, credit card loans and repayments are more convenient, while consumer loans are relatively troublesome.

Consumer loans generally agree on a fixed repayment date, and the lender can only repay according to the fixed date. There are many types of credit card repayments. You can repay in full on time, you can choose to repay in installments, and you can also choose a minimum repayment. In addition to full repayment, you can also choose to repay in installments.

7. In terms of application methods, credit cards are relatively simple and quick, while consumer loans are more complicated and lengthy.

The credit card application cycle is short and can usually be completed within 24 hours. The approval is also relatively simple. You only need to provide basic personal information and proof of asset income. Consumer loans are more complicated. In addition to asset certificates, collateral and guarantors are also required for approval, and the approval time is relatively long, which may take several months.

It is also more convenient to apply, and the relaxation speed is also fast, and there are companies that do it now, but there will be a credit record, which will have an impact on future applications for consumer loans such as car loans and housing loans.

When we choose a loan method, we can make a comprehensive judgment based on the advantages and disadvantages of these loans and choose a loan method that suits us.