Credit card holders, log in to the official website of the card-issuing bank, enter the credit card channel, select the credit card small loan business, and click online application. It is worth mentioning that different banks have different business names. For example, China CITIC Bank is called "Xinjinbao". At this time, your mobile phone will receive a verification text message. Enter the verification code and click OK to jump to the application business, fill in and confirm the application information, and then fill in the credit card verification factors before submitting. The system will conduct an review, and all eligible applicants will receive loans immediately. So, what about credit card micro-loans?
As far as I know, the minimum loan limit for credit card small loans is generally not less than 2,000 yuan, and the maximum is generally not more than 50,000 yuan. The bank will approve the loan limit based on the credit limit of the credit card holder. For example, Shanghai Pudong Development Bank stipulates that for credit card small loans, the maximum loan limit can reach 100% of the credit limit.
When it comes to credit cards, many people know about its overdraft repayment service. Currently, all bank credit cards provide cash withdrawal services, but there are two charges: First, the cash withdrawal amount is charged 1% to 2%. The second is the daily interest of 0.05% on the cash withdrawal amount. Excluding handling fees, the equivalent annual interest rate exceeds 18%, which is prohibitive.
However, the newly launched credit card micro-loan business of some joint-stock banks has solved the urgent financial needs of many people. Based on the cardholder's application, the bank will transfer cash within the cardholder's credit limit to the debit card in the cardholder's name, and the cardholder will pay different interest rates based on the number of repayment periods. It is understood that there are currently 6 banks launching this business, namely Industrial Bank, Guangfa Bank, CITIC Bank, Huaxia Bank, Shanghai Pudong Development Bank and Ping An Bank.
However, the maximum loan limit for credit card pre-loan business is different for each bank. The highest loan limit is RMB 50,000 for Industrial Bank and Ping An. However, Hehe sets the loan limit in proportion to the credit limit. Shanghai Pudong Development Bank sets the loan limit up to 100% of the credit limit, and CITIC Bank can also apply for a credit limit up to 90%.
In terms of installment repayment, CITIC, Shanghai Pudong Development Bank and Huaxia can repay in up to 36 installments, while Ping An Bank can repay in up to 12 installments. Generally speaking, one period corresponds to one month.
Depending on the loan amount and installment number, the corresponding interest rates are also different. The rates for each are also different.
Generally speaking, it is stipulated that only those who have both a debit card and a credit card from the bank can apply. The application process is very simple. Cardholders only need to make an appointment by phone or online banking, and the bank can transfer the credit limit to the cardholder's debit card as soon as one day, and the longest generally does not exceed 3 working days. Even new customers of Industrial Bank can apply, but they can only be actively invited by the bank. The same is true for CITIC.
Whether an investor is qualified to apply for credit advance loan business is still determined by the bank. Ping An Bank stipulates that this service is only available to principal cardholders, and supplementary cardholders cannot apply. China Guangfa Bank stipulates that you can only apply for a card six months after it has been opened. Hua Xia Bank has more detailed regulations on the application qualifications of cardholders. In addition to age and place of origin requirements, there are also requirements for the applicant's location.
Having the qualifications to apply is only the first step. The bank has the final say as to how much you can apply for.