Which bank has the lowest interest rate for credit loans? Try these three options
We all know that bank loan thresholds are relatively high and the possibility of rejection is higher. However, if you have a credit card, you can apply for the exclusive cash installment business with your credit card, which can be regarded as indirectly applying for a bank credit loan. In order to make it easier for everyone to apply, here are a few with relatively low interest rates for your reference.
1. China Merchants Bank-e-Mobile Loan
China Merchants Bank provides exclusive large-amount cash installment business for high-quality credit card holders, which can also be regarded as a kind of credit loan. E-Zhao Loan has two methods: "installment repayment" and "repayment at any time". Different repayment methods have different interest rates.
Instalment repayment is 0.95 for 3 installments, 0.80 for 6 installments, 0.75 for 10 installments, 0.75 for 12 installments, 0.75 for 18 installments, and 0.75 for 24 installments. 50% off during events; repay at any time, after successful application , the applied amount will be charged interest at a rate of 50,000 per day, and compound interest will be charged on a monthly basis, until all is paid off, with no additional handling fees.
2. China CITIC Bank-Xin Kuai Cash
It is also a service that only high-quality credit card customers can enjoy. The maximum limit is 300,000 yuan, and the repayment can be divided into three years at most. The interest rates are also different depending on the number of repayments.
1.50 for 1st period, 0.82 for 3rd period, 0.82 for 6th period, 0.77 for 12th period, 0.76 for 24th period, 0.76 for 36th period (annualized rate: 14.70-21.61)
3. Minsheng Bank - Quanminle Installment (Cash Installment)
Quanminle Installment is an exclusive limit provided to qualified customers. Cardholders can apply for installment repayment within this limit. The interest rate varies depending on the number of installments. Not the same either.
The handling rate for the 3rd period is 0.9/period, which is collected in one lump sum; the handling rate for the 6th, 9th, 12th, 18th, and 24th periods is 0.75/period, which is collected in installments.
Which bank offers the best credit card loans?
Introduction to the top ten bank loan products:
1. Industrial and Commercial Bank of China
Product name: Rong E loan
Interest rate: annualized Around 7.2, it can be even lower when encountering promotions.
Limit: 600-800,000, basically equal to the credit card limit.
Period: Generally 2 years, maximum 5 years. Four repayment methods are supported: equal principal and interest, equal principal, one-time principal payment with scheduled interest, and one-time principal and interest payment, and early repayment is supported.
2. China Construction Bank
Product name: Quick e-loan
Interest rate: annualized around 6.
Quota: up to 300,000.
Term: 1 year. One-time repayment of principal and interest.
Evaluation: You must have business dealings with China Construction Bank before you can get a limit, such as housing loan, financial management, provident fund, etc.
3. Agricultural Bank of China
Product name: Wangjie Loan
Interest rate: annualized around 5.
Quota: up to 300,000.
Term: 1 year. One-time repayment of principal and interest.
Evaluation: The application threshold is relatively high, but there are also opportunities to provide quotas. Friends who have business dealings with Agricultural Bank of China can try it.
4. Shanghai Pudong Development Bank
Product name: Diandai
Interest rate: annualized 6.3.
Quota: up to 300,000.
Term: 5 years. For those with more than 1 year, you can only choose the repayment method of equal installments of principal every month or equal installments of principal and interest this month.
Evaluation: But you need to have provident fund to get a loan, and not all cities are open to it.
5. Bank of China
Product name: E loan
Interest rate: annualized around 6.
Quota: up to 300,000.
Term: 1 year. Interest is paid monthly and the principal is repaid upon maturity.
Evaluation: A popular product of state-owned banks, the application threshold is high.
6. China CITIC Bank
Product name: Dream Dream Gold
Interest rate: annualized 9.
Quota: up to 300,000.
Term: up to 3 years. Repay monthly, equal principal and interest.
Evaluation: The threshold is not high. You can basically apply for a credit card from CITIC Bank, but some of it will occupy the credit card limit.
7. China CITIC Bank
Product name: New Express
Interest rate: The normal annual rate is around 9, and it drops to around 6.8 during promotions.
Quota: up to 300,000.
Term: up to 3 years. Repay monthly, equal principal and interest.
Reviews: Some of them will occupy your credit card limit.
8. Everbright Bank
Product name: Provident Fund Loan
Interest rate: annualized around 6.
Quota: up to 300,000.
Term: up to 3 years. There are two repayment methods: equal principal and interest, and monthly interest repayment.
Evaluation: Provident fund is required, but not all cities are open to it.
9. Postal Bank
Product name: Postal Banking Loan
Interest rate: annualized around 14.
Quota: up to 200,000.
Term: up to 2 years. Equal principal and interest.
10. China Merchants Bank
Product name: E Merchants Loan
Interest rate: annualized around RMB 18, with daily interest rate of RMB 50,000.
Quota: up to 300,000. The amount is non-recyclable.
Term: up to 2 years. Equal principal and interest.
Which bank has the lowest credit card loan interest
Generally speaking, the installment fee for ICBC credit card is lower, but it needs to be collected in one go.
1. Installment fee for ICBC credit card: no handling fee for 3 periods, 1.8 for 6 periods, 2.7 for 9 periods, 3.6 for 12 periods, 5.85 for 18 periods, 15.6 for 24 periods (one-time charge).
2. Agricultural Bank of China credit card installment fee: 0.6 per month (charged every month).
3. Bank of China credit card installment fee: 1.95 for 3 periods, 3.6 for 6 periods, 5.4 for 9 periods, 7.5 for 12 periods, 11.7 for 18 periods, and 15 for 24 periods (one-time charge).
4. CCB credit card installment fee: 0.7 for 3 periods, 0.6 for 6 and 12 periods (charged every month).
5. CITIC Bank credit card installment fee: 1.50 for 1 period, 0.826 for 3 periods, 0.82 for 3 periods, 0.77 for 12 periods (charged every month).
6. The installment fee for Pudong Development Credit Card is: 0.72 for 3 periods, 0.7 for 6 periods, and 0.66 for 12 periods (charged every month).
7. China Merchants Bank credit card installment fee: 1.0 for 2nd period, 0.9 for 3rd period, 0.75 for 6th period, 0.7 for 10th period, 0.66 for 12th period, 0.68 for 18th period, 0.68 for 24th period (charged every month).
8. Bank of Communications credit card installment fee: 0.72 per month (charged every month).
9. Guangfa Credit Card installment fee: 0.65 for 6th and 12th periods, 0.7 for 18th period, and 0.72 for 24th period (charged every month).
10. Everbright Credit Card Installment Fee: If you apply for installment repayment before consumption, 12-month installment will be charged at 0.5 per month. The types of bill installments include 3, 6, 9 and 12 installments, and the handling fees are 2, 4, 5 and 6 respectively (charged in one time).
Credit card overdraft is a short-term overdraft granted by the credit card issuer to the cardholder within the specified limit when making purchases with the card. For credit cards, allowing "spend first, repay later" and overdraft are important features. For debit credit cards, "deposit first, then spend", but on the premise that it is determined to be a bona fide overdraft and repayment is guaranteed, cardholders are also allowed to overdraft an appropriate amount within a short period of time when they are in urgent need of funds. Overdraft interest is generally much higher than that of bank loans in the same period, and card issuers have a complete set of measures to prevent and pursue overdraft risk losses.
Credit card overdraft interest will be calculated at a daily interest rate of 0.05% within 15 days from the date of signature or bank accounting (including the current day), and a daily interest rate of 10% for more than 15 days, and a daily interest rate of 10% for more than 30 days. Or if the overdraft amount exceeds the prescribed limit, the daily interest rate will be calculated at 15%. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.
Take a card purchase of 50,000 yuan as an example. If there is a period of 45 days from the accounting date to the repayment date, and the cardholder repays 40,000 yuan on the repayment date, the remaining 10,000 yuan has not been repaid on time. If you hold a card from China Construction Bank or China Merchants Bank, the interest will be calculated based on 50,000 yuan at a rate of 50,000 yuan per day, and you will have to pay overdraft interest of 1,125 yuan within 45 days.
If you hold an ICBC credit card, you only need to calculate overdraft interest on the unpaid 10,000 yuan. The overdraft interest to be paid within 45 days is 225 yuan, a difference of 5 times. If the failure to repay the loan on time is not due to the inability to repay, but due to a very small error due to misremembering, the difference is even greater.
If a consumer is overdrafted in full and unable to repay on time, overdraft interest and other fees will be incurred, causing the amount of debt to exceed the limit. Since the overdraft is due to the fees of the credit card itself, for this In this case, some banks do not charge additional fees. For example, China Construction Bank and China Merchants Bank Credit Card Centers have stated that there is no provision for over-limit fees.
However, ICBC and China CITIC Bank Credit Card Center stated that if the amount owed exceeds the credit card limit, an over-limit fee of 5 will be charged for the excess amount. However, ICBC stated that during an over-limit period, It is only charged once, while CITIC Bank said the over-limit fee is compounded monthly.
If a cardholder uses an organizational card for overdraft, his or her organization shall be responsible for repaying the overdraft amount and paying overdraft interest. If a cardholder has an overdraft when using a personal supplementary card, the principal cardholder shall be responsible for repaying the overdraft amount and paying overdraft interest; if the principal cardholder loses the ability to repay, the supplementary cardholder shall be responsible for the overdraft. Repayment of the amount and liability for payment of overdraft interest.
Which bank has the lowest interest rate for credit card borrowing
Credit cards from China Merchants Bank, China Everbright and Ping An Bank are relatively easy to apply for.
Supplementary information:
It is very simple to apply for credit cards from China Merchants Bank, China Everbright, and Ping An. All you need is your work badge, medical insurance card, and ID card. China Merchants Bank can also directly apply and fill in the information on the official credit card website, and the bank will send the credit card after verification. In terms of quotas, these three will also be higher than the four major state-owned banks.
Extended information:
1. The application conditions for China Merchants Bank credit card are:
1. The applicant is between 18 and 60 years old and has Chinese nationality.
2. Applicants must have a relatively stable job and income, with an average monthly income of no less than 3,000 yuan.
3. The applicant must provide the bank statement of the salary card and the list of personal social security accounts for the past 6 months. If you have a car or a house, you can also provide a real estate certificate and a car driving license.
4. Applicants must have a fixed place of residence and be able to provide proof of permanent residence, daily payment receipts, etc.
5. Applicants must have good personal credit.
As we all know, the requirements for applying for a credit card from China Merchants Bank are that you are over 18 years old, have a stable job and income, have a qualified personal credit report, etc.
6. Applicants for China Merchants Bank credit cards must have certain financial ability and no bad credit record. Applicants should be between 18 and 60 years old (overseas applicants are between 25 and 60 years old).
2. Basic conditions for Everbright Bank credit card:
1. Credit card applicants must be between 18 and 65 years old (inclusive), have full capacity for civil conduct, and be legally stable Income and personal credit report in the People's Bank of China are in line with China Everbright Bank's card issuance conditions.
2. A valid original ID card must be provided upon request (including but not limited to domestic resident ID card, foreigner’s passport, Mainland Travel Permit for Hong Kong and Macao residents, Mainland Travel Permit for Taiwan residents, etc.).
Which bank has the lowest credit card borrowing interest rate
Agricultural Bank of China.
Agricultural Bank of China’s credit card installment interest rate is very simple. Regardless of whether the user pays for 3, 6, 9 or 12 or 24 installments, the interest rate is about 1%. Compared with other banks in the same period, For example, the borrowing interest rate of Industrial and Commercial Bank of China is about 2%, that of Bank of Communications is about 2%, and that of China Construction Bank is about 4%. The borrowing interest rate of Agricultural Bank of China is far lower than that of banks in the same period.
In fact, the specific borrowing interest rate also fluctuates up and down according to the current market situation. If you want a lower borrowing interest rate, you need to make a careful judgment on the market situation.
Which bank offers lower credit card interest rates?
Many friends have asked which bank's credit card is easier to apply for. I'm afraid I have to answer you, you have to choose from a commercial bank. The four major state-owned banks will be relatively more difficult. But if you insist on falling in love with the four major state-owned banks, it is recommended that you choose a credit card among them that is easier to apply for, so that the probability of applying for the card will be greater. Let’s take a look at the specific ones.
1. Industrial and Commercial Bank of China: Universe Constellation Credit Card
ICBC’s Universe Constellation Card is relatively easy to apply for, and it is also the main credit card recommended by Industrial and Commercial Bank of China. The appearance and benefits are both online. The key point is that the annual fee is waived during the validity period, which is awesome!
In terms of benefits, as long as new customers make a single purchase, they can receive a one-month VIP membership on Youku or iQiyi, giving them the benefits of being a drama-watching expert. In addition, there are discounts on overseas portable wifi, hotels, and airport parking.
2. Bank of China: Taobao Credit Card
The threshold of Bank of China is actually not too difficult, and the threshold is not very high. You can apply by providing proof of identity and residence. If you are an expert in online shopping, it is easy to apply for this BOC Taobao Card. The annual fee for the first year is waived when you purchase the card, and the annual fee for the following year is waived when you spend 5 times of any amount.
3. Agricultural Bank of China: Beautiful Upgrade Mom Credit Card
This Agricultural Bank of China’s Beautiful Upgrade Mom Credit Card is also easier to apply for. The gold card and platinum card can waive the annual fee by swiping the card. The visa platinum card is also free of annual fees during its validity period.
You can apply for a free trial course of Disney English. There is a 1,200 discount for purchasing the course, an instant discount of 60 for purchases over 350 at Kidswant, and random instant discounts for purchases over 300 at Donkey Mama on Saturdays.
4. China Construction Bank: The most popular card in the world
This card from China Construction Bank is also relatively easy to apply for, and is mainly more suitable for overseas travel, shopping, etc. Gold and Platinum cards are free of annual fees based on the number of card swipes. Visa and MasterCard cards are free of annual fees during their validity period.
Overseas wifi, special discounts on air tickets and hotels, cash rebates for overseas purchases, etc. are very suitable for overseas consumption or overseas shopping. It is called CCB’s “magic card”.
This is the introduction to the easy-to-apply credit cards from the four major banks. I hope it will be helpful to everyone. It is recommended that everyone prepare sufficient information before applying for a card, as well as proof of assets, etc. It can be of great help!
That’s it for the introduction to credit card loan interest.