Do all loans require a credit card (debit card)?

Not all loans require users to have a credit card (debit card) when applying. For example, for mortgage loans, there is no requirement in the application conditions that the applicant must be a credit card (debit card) user. When users apply for credit card (debit card) customer-specific loan services, they need to have a credit card (debit card). Other loans can be applied for without a credit card (debit card).

Of course, users with credit cards (debit cards) will not have no credit information, and banks can better evaluate the user's credit information.

Why are all car loans now provided by credit cards?

Because in this way, banks can not only complete the sales performance of credit cards but also handle loan business for customers, which is a bundled business of the bank. Of course, there is no charge for this service, and there will be no charge if the credit card is not activated. Compared with the interest on direct loans, the interest on credit card loans is lower. Moreover, this credit card issued by Bank of China is an exclusive car loan credit card.

Car loan funds are directly allocated to the credit limit of the card. This card is exclusive to the card and can only be used for car purchases. Subsequent repayments will also be repaid using this credit card. The customer will transfer the money Once it is returned to the card, the system will deduct the money on the repayment date. Once the customer has paid off the car loan, the card is generally of little use.

Not only Bank of China, but also many other banks will issue exclusive car loan credit cards to car loan users. On the one hand, this can actually increase the bank's card acceptance rate.

If the customer is applying for the installment car purchase business with a credit card, the batch of cards will naturally be a credit card, not a debit card. After all, the credit card limit is used to purchase the car in installments.

In fact, whether it is a car loan credit card or a Bank of China debit card, customers must remember to repay the loan on time and ensure that they do not engage in bad behavior such as overdue payments during the loan repayment period.

There are a few points to note when repaying a car loan with a credit card:

1. Credit cards cannot pay for the down payment of the car; The handling fee needs to be paid during the first repayment;

3. If the car buyer pays off the money in advance, the one-time handling fee will not be refunded.

At present, this method of loan car purchase is very popular among car buyers, but credit card repayment of car loan is very important to the credit status of the card holder. If the credit card customer is in poor condition, has overdue or arrears records, etc., this loan method will not be approved. You must hold a bank credit card for a certain period of time and have a certain credit limit.

For this kind of loan, the bank does not charge loan interest, but it has to pay a certain handling fee. The bank usually deducts the fee in one time. The amount of the handling fee is generally determined by the loan term and loan model. The handling fee charged for a one-year loan period is between 2% and 5.5%, and the handling fee for a two-year loan period is between 6.5% and 7%. Each major bank may be different, and car owners can go to the bank for consultation.

Why do car loan banks apply for credit cards for customers?

Car loan banks apply for credit cards for customers. This is a bundle that the bank performs on car loan customers in order to complete the credit card task. business. There is no charge for this service. If it is not used or activated, no fee will be charged. \r\n\r\nCar loans refer to loans issued by lenders to borrowers who apply to purchase cars, also called car mortgages. \r\nLoan target: The borrower must be a permanent resident of the location where the loan bank is located and have full civil capacity. \r\nLoan conditions: The borrower has a stable career and the ability to repay the principal and interest of the loan, and has good credit; can provide recognized assets as collateral or pledge, or a third party with sufficient repayment capacity to repay the principal and interest of the loan and bear joint and several liability. Liability guarantor. \r\nLoan amount: The maximum loan amount generally does not exceed 80% of the purchase price of the car. \r\nLoan term: The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. \r\nLoan interest rate: uniformly stipulated by the People's Bank of China. \r\nLoan repayment method: You can choose the one-time principal and interest repayment method or the installment repayment method (equal principal and interest, equal principal). \r\nAn automobile finance or guarantee company is what is mentioned in the article - a third party with sufficient repayment capacity serves as the guarantor for repaying the principal and interest of the loan and assumes joint liability.

Why it is necessary to apply for a credit card for a mortgage loan

1. Because it bundles consumption, by asking people who apply for mortgage loans to apply for a credit card, it increases the number of bank credit cards issued. The credit card applied for by the borrower is actually not directly related to the mortgage loan. In other words, a mortgage loan does not necessarily require a credit card. You can choose to refuse. However, most people are worried that if they do not apply for a credit card, the mortgage loan they apply for will not apply. It will be rejected, so I will still apply for a credit card.

Of course, there is no harm in using a credit card. As long as you use the card well, it can also help you improve your credit, which will also be helpful to apply for credit business at the bank in the future. If you really don’t want to apply for a credit card, you can also choose a bank that does not require a credit card and reapply for a mortgage.

1. Mortgage

A mortgage means that the mortgagor transfers the property title to the mortgage beneficiary as a guarantee for repayment. After the mortgagor repays the loan, the beneficiary immediately transfers the house involved The property rights are transferred to the mortgagor. During this process, the mortgagor has the right to use the property.

1. Applying for a mortgage loan when buying a house means that the customer applies for a mortgage loan, and applying for a credit card is another aspect.

2. Sometimes bank staff also have the task of handling credit cards. How many credit cards does each person sell each month?

3. If you are a high-quality customer of the bank, it is reasonable to apply for a credit card for you.

4. If you have applied for a credit card, you don’t have to activate it, but you must ask the bank whether it is free if you don’t activate it. Some banks are more complicated. Even if the credit card is not activated, there is an annual fee, such as Industrial Bank. This must be asked clearly.

5. Credit cards can be used for your daily consumption, refueling, car washing, household water bills, electricity bills, and gas bills. It can also solve the problem of short-term insufficient funds in life. It is better than nothing. , be prepared.

6. If it is activated, ask clearly about the billing date and final repayment date of the bank card, leave an email address, and the bank where the bank card is opened. This must be asked clearly, and it must be asked when making inter-bank transfers and repayments. To use it, remember to pay off your credit card debt and mortgage loan.

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Why are several thousand loans in credit cards and the rest are loans?

Credit card repayment period is short, and several thousand dollars are easy to repay. The loan repayment period is longer, up to 30 years.

Credit card application basically requires that the user has good credit status and has a stable and legal job and income. In addition to the conditions for credit card application, some types of loans also require users to submit relevant collateral and guarantees. People etc.

Credit cards are electronic payment cards issued by banks and other financial institutions for consumption, loans, cash deposits and withdrawals, etc. Loan is a credit activity in which banks and other financial institutions lend money according to certain interest rates, repayment conditions, etc.

This is the end of the introduction on why credit cards are required for loans and why credit cards are always rejected. I wonder if you have found the information you need?