What is the difference between bank credit loans and credit card loans? 1. Different carriers. From the literal meaning, it is not difficult to see that credit card loans rely on the credit card platform to carry out credit card installment or cash advance business; while credit loans, It is a loan fund issued based on full trust in the borrower's qualifications. 2. Different loan limits. It is difficult for many cardholders to exceed the 20,000 yuan credit card limit, and some even cannot get rid of the "curse" of 4 digits. If you want to borrow money for travel, car purchase, or decoration, it seems to be a bit stretched. . In contrast, credit loans appear generous, with the limit usually being around 10 times your monthly income. A quick calculation shows that as long as your monthly income exceeds 2,000 yuan, the credit loan limit can easily exceed that of a credit card. 3. Different loan terms. Generally speaking, credit card installments are mainly short-term, and the maximum term is only 24 terms, which is 2 years. However, credit loans have a long-distance running route, and the maximum term can be up to 5 years. Years long. 4. Different capital costs. In terms of capital costs, if you choose a credit card installment plan for 12 months, the handling fee is roughly 7.2, while the credit loan is in the 7-22 range. It is obvious that the cost of funds for credit loans has almost no advantage at all. But the truth is not the same. At this moment, I suddenly thought of a classic: Sometimes what the eyes see may not be true, and what is true may not be visible to you. In fact, credit card installment calculation methods have been greatly manipulated, confusing consumers. Under the rules of the game of repaying part of the principal and interest on a monthly basis, even in the last installment, credit card installments insist on charging the handling fee in full, while credit loans truly charge interest based on the actual principal. If you calculate an economic account, you will be stunned. If the annual credit card installment fee is 7.2 and the annual interest rate of a credit loan is 15, the interest of the former is 388.8 yuan and the latter is 373.95 yuan, but it saves nearly 15 yuan. From this point of view, in terms of capital cost, which one is higher or lower, you really need to have a strong balance in your mind, weigh it carefully, and not just look at the "appearance". 5. Different rules for early repayment. In addition to playing tricks on calculation methods, credit card installment companies also like to make a fuss about early repayment. Specifically, when faced with customers who repay their loans in advance, the card-holding bank will always accept the order in an approachable manner, but they will not refund the extra handling fee. In contrast, the rules and regulations of credit loans seem to be consistent and more practical. On the premise that early repayment is allowed, the remaining interest can be exempted and only a part of the "liquidated damages" need to be paid, which is "meaningful". To sum up, both credit loans and credit card loans have their own advantages and disadvantages. Before applying for a loan, borrowers must first choose a formal institution. Secondly, they must calculate the comprehensive loan interest rate so that they are well aware of it and based on their actual needs. Choose the type of loan that suits you. However, from the perspective of long-term capital needs, bank credit loans are more suitable for individuals than credit loans.