The interest rate of Pudong universal fund is lower than that of credit card. The universal fund with a term of 654.38+100000 yuan and 654.38+0 years only needs to be repaid to 900 yuan every month, of which the interest is 67.4 yuan and the annual interest rate is 8.084%. 65,438+0,000 yuan 2-year universal fund with annual interest rate of 7.9%; 65438+100000 yuan 3-year universal fund, with an annual interest rate of 7.97 1%, and the cardholder only needs to make equal repayment every month.
Shanghai Pudong Development Bank is a national joint-stock commercial bank approved by the People's Bank of China. Founded on August 28th, 1992, with its headquarters in Shanghai. 1999165438+1October 10, listed and traded on the Shanghai Stock Exchange. Mainly engaged in deposit and loan business, handling settlement and bill discount business and issuing financial bonds.
Shanghai Pudong Development Bank was approved by the People's Bank of China Yin Fu (1992) No.350, 1992 10 is composed of Shanghai Finance Bureau, Shanghai International Trust and Investment Corporation, Shanghai Jiushi Company, Shenneng Co., Ltd., Baoshan Iron and Steel General Factory, Shanghai Automobile Industry Corporation, Shang Ling Refrigerator General Factory, Shanghai Airlines, China Textile Machinery Co., Ltd., Minhang United Development Co., Ltd., Jinjiang (Group) Associated Company, Lujiazui Financial and Trade Zone Development Co., Ltd., Shanghai Petrochemical General Factory, Jinqiao Export Processing Zone Development Company, Shanghai Shenshi Company, Shanghai No.1 Department Store Co., Ltd., Shanghai Railway Bureau and other 65,438+08 units as sponsors are joint-stock commercial banks established by directional fundraising.
202 11/On October 29th, Shanghai Pudong Development Bank released the quarterly report 2021. By the end of September, 2002/kloc-0, the total assets of Shanghai Pudong Development Bank were 8,064.383 billion yuan, an increase of 1.44% compared with the end of 2020.
Pudong universal fund is a cash installment business launched by Shanghai Pudong Development Bank's credit card, which is a disguised form of replacing credit line with credit line. Pufa Universal Money cannot be withdrawn directly. The bank will transfer the applied universal money to the debit card in the cardholder's name, and the cardholder can swipe the card or withdraw cash from the debit card.
Pudong universal fund is essentially a credit loan. The credit card limit is approved by the credit card department, but the general limit is not within the credit limit. It is a credit line in the form of a loan and issued on the basis of a credit card.
Universal quota of Shanghai Pudong Development Bank: Under normal circumstances, the universal quota of Shanghai Pudong Development Bank is between 30,000 yuan and 50,000 yuan. After all, it is a small installment loan issued by a credit card, and the amount is generally not high. How much credit can be applied depends on the applicant's personal qualifications and the use of credit cards.
Does anyone know what is the "universal cash withdrawal" of Shanghai Pudong Development Bank's credit card?
The "universal cash withdrawal" business provided by Pudong Credit Card Center actually belongs to a personal micro-credit loan provided by banks outside the credit line.
Take a credit card holder with a credit limit of 25,000 yuan as an example. According to the cardholder's credit record, as long as the previous repayment situation and credit record are good, you can apply for universal payment of 654.38+04000 -28000 yuan. It should be pointed out that this universal fund with a maximum loan amount of 28,000 yuan belongs to the category of credit loans without any guarantee.
Moreover, this fund does not occupy the credit card limit, which means that the original credit limit of 25,000 yuan remains unchanged except that the cardholder applies for universal funds.
In addition, the attraction of universal currency lies in its low interest rate. According to the current regulations, cardholders need to pay a certain handling fee to the bank to withdraw cash by credit card. Take Shanghai Pudong Development Bank as an example. From 1 1,000 yuan, the handling fee ratio is 3%, that is, 30 yuan. In addition, the cardholder has to pay five ten thousandths of overdraft interest to the bank every day.
But if you use the "universal fund", it will be different. Take a one-year loan as an example. If the loan is 1 000 yuan, the cardholder needs to repay 90.07 yuan per month, including interest of 6.74 yuan. The converted annual interest rate is 8.084%, and the monthly repayment will be recorded in the repayment amount of the current month together with the cardholder's credit card bill.
Of course, if the applicant needs to pay off the remaining amount in advance at one time, he still needs to pay the bank a penalty, which is 3% of the unpaid amount.
Extended data:
1, universal interest of Shanghai Pudong Development Bank
Universal money needs to be repaid in installments. If you repay in advance, you need to pay a penalty of about 3%. Normal repayment, the annual interest rate is 9%. This is only the surface interest rate, because it is equal principal and interest, and the actual rate of return will be much higher. And if it is overdue, there will be a late payment fee, which is generally five ten thousandths of a day.
Therefore, if users obtain the universal fund of Shanghai Pudong Development Bank, it is suggested to weigh their own financial situation and debt capacity before using it, so as to avoid overdue due to inability to repay the principal and interest later.
2. Consequences of overdue universal payment
Everyone knows that credit cards will have bad consequences if they are overdue. In fact, so is universal money. Once overdue, there will be penalty interest first and then collection. In addition, overdue universal payment will leave a bad credit record. If there is a bad credit record, it will have an impact on the later credit card application or loan.
If you don't pay back for a long time, you may face the risk of being forced to repay. If the debt is paid off forcibly, the possibility of forming a loan is great. If you become an untrustworthy person, all kinds of behaviors in daily life will be restricted.