How much money can be borrowed with a credit card
The specific loan amount of a credit card is mainly determined based on the credit card limit, personal credit profile, personal repayment ability and free asset value.
1. Credit card limit. Since it is a credit card loan, if the limit you originally have is high, the loan limit will naturally be high.
2. Personal credit information. If you have a good personal credit score, lenders will be willing to lend you more money.
3. Personal repayment ability. If your job is stable, like a civil servant, and your monthly check-in salary is relatively high, a high amount is a given.
4. Value of own assets. Although credit card loans do not require collateral or guarantees, it will be easier to get a loan if you own a house and a car.
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How much money you can borrow with a credit card
Credit card loan is a kind of credit card launched by the bank Installment business. The loan limit of a credit card++++ is generally not less than 2,000 yuan and the maximum is 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 cards++++, the maximum loan limit can reach 100% of the credit limit. When determining the loan limit, banks will also focus on reviewing the cardholder's credit record and frequency of card use. From this aspect, cardholders with better credit records and higher frequency of card use will have higher approved loan limits. .
How much credit card loan can be borrowed
Ranging from 5,000 yuan to 200,000 yuan.
Since different banks have different regulations, the loan limit is basically related to the original limit of the credit card. Through this kind of credit card, you can apply for loans ranging from 5,000 yuan to 200,000 yuan, and no mortgage is required. As long as the credit card holder meets the qualifications, the loan can be made.
Relevant knowledge supplement:
Credit card loan related content
1. Credit card loan refers to the bank granting a certain amount based on the credit status of the credit card holder. Cardholders can use their credit cards to make purchases. Credit card loan repayment methods are divided into two methods: one-time principal repayment and installment repayment. Period is one of the bank credit card consumer credit services, that is, when credit card holders make purchases, they can choose to divide the total price of the purchased goods or services into a number of periods such as 3, 6, 12 or 24 periods. (monthly) installment payment.
2. Credit card loan to buy a car is a credit card installment business launched by the bank. The credit limit that cardholders can apply for is generally 20,000-200,000; there are three types of installments: 12 months, 24 months, and 36 months; there is no loan interest rate for credit installment car purchases, and the bank only charges a handling fee. The handling fees for different installments Rates vary.
Credit card loans for car purchases include zero interest in installments, preferential handling fees, no guarantee, and no mortgage. You also enjoy credit card points rewards, without the burden of high loan interest, and you are also exempted from the tedious mortgage procedures. By applying to the bank Just provide some materials to apply for a special credit card and pay the one-time handling fee. The disadvantage is that the car models and prices are limited, but most commonly used models can be selected.
3. Shopping mall installment is one of the bank credit card consumer credit services. That is, when credit card holders make purchases, they can choose to divide the total price of the purchased goods or services into 3 or 6 installments. Payment can be made in several installments (months), such as 12 or 24 installments. Repay the amount on time according to the credit card bill in each period (month). When the cardholder chooses to go to a bank's designated installment merchant store and complete the installment payment through a designated POS machine, it is called "mall installment payment" or "mall installment" for short.
It’s not up to you how much loan you can get with a 5,000 credit card, or the credit limit.
Recently, a cardholder asked: I applied for a China Merchants Bank credit card with a credit limit of 5,000 yuan. What if How much is the loan amount when applying for a loan? In fact, this question is a question for many cardholders. Is the credit card loan approval limit related to the credit card credit limit? How much can you borrow with a 5,000 credit card? Today I will analyze it for you.
There is no direct relationship between the credit limit of a credit card and the loan limit. If cardholders want to ask how much they can borrow with a 5,000 credit card, they cannot give you an accurate answer because the loan amount depends on other factors of the loan applicant. Regarding this, it is not entirely determined by a credit card.
It doesn’t matter how much the credit card loan is, the following factors are the key:
1. Monthly income
The loan limit is generally 10% of the monthly salary income When applying for a loan, the bank will ask you to provide proof of employment and income. A stable job and high income can help you get more loans.
2. Other proof of financial resources
The repayment ability is an important factor in determining the loan amount. In addition to the borrower's income, it also includes financial resources such as real estate, cars, and deposits. prove. The stronger the financial strength, the more loans may be approved.
3. Credit situation
The borrower's credit record will also affect the loan amount. Generally speaking, if the personal credit record is good, the loan amount obtained will be higher, and vice versa. . Because the credit record is good, the lending institution believes that the loan applicant is relatively reliable and can ensure the smooth recovery of the loan.
If the loan applicant has a 5,000 credit card, the bank may inquire about your credit card's consumption and repayment records. If it is good, it will not affect your loan application. If there is an overdue record, it will reaction.
In short, there are many factors that affect the loan limit, such as your income level, real estate and personal credit record, etc. The credit card limit cannot determine your small consumer loan limit. You should also consult your bank or loan company for specific circumstances. If you need a loan, click here
The introduction of credit card limit and loan limit ends here.