What's the difference between credit card and online loan?
1 application conditions
Credit cards are bank products. When applying, you need to fill in the detailed information and check the credit information. The next payment will take a long time; However, online lending is still much simpler than credit cards. Usually, you only need to fill in the relevant application materials online, carry out identity authentication and bank card authentication, and then submit them for review.
2 interest
There is no interest under the normal repayment of credit cards, only the minimum repayment amount and installment repayment will charge interest and handling fee; The interest of online loans is much higher than that of credit cards. As long as you borrow money, you need interest.
The above is the difference between credit card and online loan, so credit card and online loan are not the same product, but they also have something in common. For example, credit information will be collected after the deadline, and penalty interest will be charged after the deadline.