1 Credit card loan is actually an online loan platform for consumption in advance.

2 1. Credit card loan means that the bank gives a certain amount according to the credit status of the credit card holder, and the cardholder can use the credit card for credit card consumption. Credit card loan repayment methods are divided into one-time repayment and installment repayment.

Credit card loans are consumer loans. It is a credit card personal cash consumption financial product launched by the bank. Within the available credit card limit, users can apply to the issuing bank for the credit card withdrawal limit, and then make installment payment. After the system is automatically approved, the funds will be transferred to the bank debit card in the customer's name, and the bank will charge the installment fee according to the agreed frequency and rate.

Credit card loan terms

1. Hold the credit card of the bank applying for loan;

2. Good card use record;

3. There are restrictions on the types of credit cards, such as China Merchants Bank business card, official card, purchase card, ANA guarantee card or supplementary card, and cash installment business is not supported;

4. Cash installment funds shall not be used for investment (including but not limited to equity investments such as house purchase, stocks and futures), but only for consumption (including but not limited to decoration, household appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).

Credit card loan process

1. Call the bank to apply. Remember the term "cash installment", and some banks have other names, such as Guangfa called "financial wisdom gold" and Pudong called "universal gold". Anyway, if I don't know, I will handle the cash installment.

2. Provide credit card information. Customer service will ask you four questions: 1, card number, name and the last three digits on the back of the credit card. 2. Use cash installment. 3. Confirm several cash repayments. You ask the customer service how many installments there are and what the handling fee rate is, and ask him to help you calculate, and then you can calculate the repayment in several installments. 4. Provide the debit card number in my name, so as to transfer the applied cash installment funds.

3. After being audited by the bank, wait for the funds to arrive. It will arrive in one day at the earliest. At this point, the credit card loan is completed.

What does credit card loan mean?

Credit card loan means that the bank gives a certain amount according to the credit status of the credit card holder, and the cardholder can use the credit card for credit card consumption. Credit card loan repayment methods are divided into one-time repayment and installment repayment. Period is one of the credit services of bank credit card consumption, that is, credit card holders can choose to divide the total price of purchased goods or services into three, six, 12 or 24 installments. According to the credit status of credit card holders, banks will increase the installment quota of their credit cards to meet the needs of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure. Handling fee: You don't need to pay bank loan interest to buy a car by installment with a credit card, but you have to bear a one-time handling fee. Handling fee = installment amount × cardholder's handling fee rate (the handling fee is included in the first month's bill after installment purchase), and the handling fee rate of each bank is different. Loan Term: Generally, the longest term of car purchase by installment is 24 months. Down payment: If you buy a car by credit card, you generally need to pay a down payment of not less than 30% of the car price. Limit: The bank has regulations on the credit card installment loan amount. For example, CCB stipulates that the installment amount range of car purchase is 200,000-200,000.

What does credit card loan mean?

The so-called credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain credit limit.

Cardholders of credit card loans can enjoy an interest-free period of dozens of days after borrowing, but if they fail to pay back after the deadline, they will have to pay a higher penalty interest of five ten thousandths per day; Moreover, credit card withdrawal has to pay a handling fee, which is different from pledge and mortgage loan in the general sense.

According to the credit status of credit card holders, banks increase the installment payment quota of credit cards to meet the demand of cardholders for designated dealers to buy designated brands of cars. Cardholders can repay the car purchase price at a certain cost every month, which fully reduces the repayment pressure of the new car loan model.

Extended data:

In the domestic credit card development model, state-owned banks later walked in the forefront of the stock market. In 2009, they took the lead in issuing credit cards, and the credit card loan amount was strong.

Characteristics of credit card loans

1. In the credit card loan, because the debt is unsecured, if the customer defaults, the card issuer has no recourse to any specific collateral;

2. In credit card loans, the risk of the card issuer is equal to or exceeds the credit limit (for example, the bank approves the cardholder to make additional loans, or the cardholder's consumption exceeds his credit limit); In installment credit, the risk of the bank decreases with the monthly repayment amount of the loan during the loan period;

3. In the credit card loan, the repayment period, that is, the loan term, is extended with each use of the credit line by the cardholder.