; Whether it is a bank or other financial institution, it will provide users with some installment loan services. Especially banks, as leaders of financial institutions, have always launched different loan products to meet the loan needs of many borrowers. What are the differences between CCB installment loans and credit card overdrafts? The answer turns out to be simple!

What are the differences between CCB installment loans and credit card overdrafts? CCB installment loans, like credit cards, are both credit products, but the difference between them is still quite big. First, let’s look at consumption purposes. The consumption purposes of CCB’s installment loans are very varied and can be used for car purchase, travel, medical care, education, etc. It is a cash loan product. Credit card overdrafts are essentially online purchases. Although cardholders can use their credit card overdraft limit, it can only be used for consumption and cannot be used for cash withdrawal, investment, financial management, etc. And the annual interest rate of CCB's installment loan is floating based on the bank's loan benchmark interest rate. Generally, the floating ratio is 10 times the benchmark interest rate. When a credit card is overdrafted, not only will the interest rate be higher, but interest will also be superimposed. Calculated, after the cardholder's credit card is overdrawn, the interest he needs to pay is much higher than that of an installment loan.

What is the maximum overdraft limit of CCB’s credit card? Each card is different according to each person's actual situation. The maximum overdraft limit of CCB's credit card is 10,000 yuan for the gold card; the maximum credit limit for the personal dragon card quasi-credit card is 5,000 yuan; the maximum credit limit for the personal dragon card quasi-credit card gold card The maximum credit limit is RMB 10,000. The above is the relevant content sharing on "The difference between CCB installment loan and credit card overdraft". I hope it can help everyone!