Nowadays, more and more people have their own credit cards. In addition to shopping with credit cards, some people even use credit cards.
To solve their own financial problems. So how do you get a personal credit card loan? How much can I borrow?
1. What is a credit card loan?
Credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain credit limit, which turns the consumer loan function of credit card into unsecured, and 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 amount to the debit card, repay the loan according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.
Second, how to handle credit card loans
Credit card loan business application threshold is not high, as long as the cardholder's credit status is good and the account is normal, it can generally apply. To handle this business, except a few banks are invited by banks, most banks are invited by phone and customers apply actively. Generally, customers invited by banks get a higher loan amount than those who apply for it.
3. How much can I borrow with a credit card loan?
Credit card loans can apply for loans of 50-200,000 yuan, without mortgage, as long as the credit card holders meet the qualifications.
Fourth, the cost of credit card loans.
Because credit card lending is suitable for people in urgent need in the short term, it is not suitable for long-term loans. Therefore, after the credit card transfer loan, although the cardholder can repay the loan in installments, the number of installments ranges from 3 to 36. However, it should be noted that the longer the number of installments, the higher the expected annualized interest rate, and the monthly interest rate is around 12, that is, one month 1 ten thousand yuan will generate interest in 75 yuan.
If you borrow 50,000 yuan in cash in advance, 12 installments will be repaid, and the monthly interest will be one year, and the total interest will be 4,500 yuan. The expected annualized interest rate of personal loans from 6 months to 1 year (inclusive) is above 1 year, because the cost of credit card lending business will be higher than that of traditional loans.
Because different banks have different regulations, in terms of loan amount, it will basically be related to the original credit card amount.
Finally, I would like to remind those friends who want to borrow money. People in the society often target some people who are in urgent need of money under the banner of "mortgage-free and guarantee-free business". They often use the method of Guangfa SMS to find customers. Many people do private lending, and the monthly interest rate is generally above 2 points, and the high is about 5 points. Therefore, if you want a loan, you must apply to a regular bank or other financial institution to avoid being cheated.
I'd like to ask how much I can borrow by credit card.
The specific loan amount of credit card is mainly determined according to the credit card amount, personal credit information, personal repayment ability and free asset value.
1, credit card has a limit. Since it is a credit card loan, your original amount is high, and the loan amount is naturally high.
2. Personal credit information. If you have a beautiful personal credit report, lending institutions will be willing to lend you more money.
3. Personal repayment ability. If your job is stable and belongs to the kind of civil servants, the monthly punching salary is relatively high, and the high amount is certain.
4. The value of own assets. Although credit card loans don't need mortgage and guarantee, they will be easier to get if you have a house and a car.