Can I get a loan with a credit card?

It is possible to get a loan with a credit card. There are two main ways for cardholders to obtain loans through credit cards:

1. Withdraw cash from ATM or counter. The amount of cash withdrawal depends on the available limit of your credit card. Usually after cash withdrawal, the interest on this part is calculated on a daily basis, usually an interest of RMB 50,000, which translates into an annualized interest rate of about 18%. And when withdrawing cash, you may need to pay a one-time additional handling fee to the bank.

2. Credit card APP borrowing function. Now basically every credit card issuing bank has launched its own exclusive credit card app. Such as the colorful life of Bank of China. There are many applications in this type of credit card app. In the application, you can often find situations where you can borrow money and borrow the credit limit from the credit card to the cardholder's savings card. When using an app to borrow money, interest is calculated on a daily basis, usually around 50,000. In addition, you often need to pay a handling fee of around 1%.

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1. Credit card loans refer to loans granted by banks to cardholders within a certain credit limit. The overdraft function transforms the consumer loan function of a credit card into an unsecured one. It is actually a credit card transfer loan business. After the credit card loan application is approved, the bank will transfer part or all of the credit card limit to the debit card, and the loan will be repaid according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.

2. The current application threshold for credit card loan business is not high. As long as the cardholder has good credit status and no abnormalities in his account, he can generally apply. Most banks can provide personal credit card loans through two methods: telephone invitation and customer application. Some banks adopt the method of bank invitation. Customers actively invited by banks generally receive higher loan amounts than customers who actively apply. Through this method, you can apply for loans ranging from 5,000 yuan to 200,000 yuan. As for the amount of personal credit card loans you can borrow, it is related to the original credit limit of the credit card holder.

3. Credit card loans are simply cash installments. Cardholders can directly handle the process through mobile banking, WeChat, bank app or through customer service, and tell the customer service how much funds they want and how many installments they want to repay. The bank system will show your daily card usage and credit card limit. According to the status displayed on the system , customer service will tell you how much funds you can have, and then make installment repayments.

How to borrow money with a credit card

When users have a credit card, they can borrow money in the following two ways:

1. Apply for credit card cash installment, Many banks now offer credit card cash installment services. If you want to apply for credit card cash installment, the cardholder needs to take the initiative to go to the bank to apply. After approval, the bank will convert the amount applied by the cardholder into cash and deposit it into the designated debit card.

2. To apply for a cash advance, users can directly take their credit card to the bank's ATM machine to withdraw money. Currently, there are handling fees and interest for cash advances. The handling fee ranges from 1% to 1% of the cash withdrawal amount. Three percent, with interest of 0.05% per day.

How to borrow money with a credit card?

If you hold a credit card, you can borrow money in the following three ways:

1. Apply for credit card cash installment: the cardholder takes the initiative to go to the bank to apply, and the bank will review it. After approval, the amount applied by the cardholder will be converted into cash and deposited into the designated debit card, and the cardholder can return it in the designated number of periods.

2. Apply for cash advance: Users can take their credit card directly to the bank's ATM machine to withdraw money;

3. Credit card loan: For large-scale purchases such as car purchases and decorations , the bank will grant a certain loan amount based on the cardholder's credit status, and the cardholder will repay the loan in two ways: one-time principal repayment and installment repayment.

Can I get a loan with a credit card?

As long as you have a credit card and a good credit record, you can apply for a loan. In fact, you cannot apply for a loan directly with only a credit card. However, borrowers can also apply for loans through other methods.

Loans generally require a stable source of income to apply for, but you also need to look at the specific requirements of the bank. It is recommended that you go to a regular lending institution for detailed inquiries.

Application conditions: 1. Be a resident of mainland China who is over 18 years old; 2. Have a stable address, job or business location; 3. Have a stable source of income; 4. No bad credit record, and the loan cannot be used for stock trading, gambling, etc. Behavior. 5. Other conditions required by the bank. Processing process: 1. Submit an application to a local bank or lending institution; 2. Prepare various materials required for a loan; 3. Interview with the bank or lending institution; 4. The bank reviews the lender's qualifications; 5. The review is approved and the loan is successfully issued.

Can I get a loan with a credit card?

You can apply for a loan if you have a credit card and do not have bad credit such as an overdue credit card.

According to Article 11 of the "Interim Measures for the Administration of Personal Loans", personal loan applications should meet the following conditions:

(1) The borrower is a Chinese citizen with full capacity for civil conduct*** Chinese citizens or overseas natural persons who comply with relevant national regulations;

(2) The purpose of the loan is clear and legal;

(3) The amount, term and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower has good credit status and has no major bad credit record;

(6) Other conditions required by the lender.

Extended information:

Article 23 of the "Interim Measures for the Administration of Personal Loans" The lender shall sign a written loan contract with the borrower, and if a guarantee is required, a guarantee contract shall be signed at the same time. Lenders should require borrowers to sign loan contracts and other relevant documents in person, except for loans processed through electronic banking channels.

Article 24 The loan contract shall comply with the provisions of the "Contract Law of the People's Republic of China" and clearly stipulate the good faith commitments of the parties and the purpose of the loan funds, payment objects (scope), Payment amount, payment terms, payment method, etc. The loan contract should set up relevant clauses to clarify the liability for breach of contract that the borrower shall bear if it fails to perform the contract or fails to perform the contract.