How much can a credit card loan cost

Credit card loan is a credit card installment business launched by banks. The minimum loan amount for a credit card small loan is generally not less than 2,000 yuan, and the maximum is generally 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 card small loans, 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. How to get a loan with a credit card? How much can I borrow?

Credit card loan process:

1. You need to apply for a credit card to the bank and submit relevant supporting materials, such as proof of identity, proof of income, proof of employment, etc., and your personal credit is good;

2. Wait for bank approval;

3. After approval, you can get a card with a certain credit limit from the bank.

After the applicant gets the card and activates it, he can swipe the card to purchase the goods he needs. However, after overdrafting a credit card, the cardholder must repay it in full and on time to avoid leaving a bad credit record.

Credit card loan definition:

Credit card loan is a credit card installment business launched by banks. The loan amount 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, and the bank only charges a handling fee. The handling rates for different installments are Each one is different.

Credit card loan conditions

1. Hold a credit card from the bank applying for the loan;

2. Good card usage record;

3 , There are restrictions on the types of credit cards, such as China Merchants Bank’s commercial card, business card, purchasing card, ANA guaranteed card or supplementary card, which do not support cash installment business;

4. Cash installment payments cannot be used for investment (Including but not limited to house purchases, stocks, futures and other equity investments) and can only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, student aid, travel, medical care, etc.).

Six banks support credit card loans:

Currently Industrial Bank, China Guangfa Bank, Ping An Bank, China CITIC Bank, Shanghai Pudong Development Bank, and Hua Xia Bank provide credit card loan functions.

At present, the application for credit card loan business is not very strict. As long as you have good credit and no bad repayment record, you can generally apply. The main methods used by banks are telephone invitations or proactive applications from customers. Through this method, you can apply for loan amounts ranging from 5,000 to 200,000.

Credit card loan transfer borrowing business is only suitable for people who want short-term loans. They can be used for capital turnover. It is not suitable for people who want long-term loans. Because after credit card transfer, although the cardholder can repay in installments, the longer the installment, the higher the interest. The monthly interest rate for 12 periods is about 0.75%, which means that 10,000 yuan has an interest of 75 yuan. If you borrow 50,000 yuan in advance and repay it in 12 installments, the monthly interest rate is 0.75%. Calculated in one year, the interest is 4,500 yuan. The current personal loan interest rate for 6 months to one year (inclusive) is 6.06%, and the loan interest rate for more than 5 years is 6.60%. Compared with traditional loans, the cost of credit card transfer loan business will be higher.

The difference between credit card loans and consumer loans

The scope of use of the two is different

General bank consumer loans will be fixed for the cardholder’s exclusive use, such as buying a house. Loans can only be used to buy houses, car loans can only be used to buy cars, renovation loans can only be used for renovations, consumer loans can only be used for specific types of consumption, and so on. Credit cards have a wider range of uses and are relatively more flexible. After applying for a credit card, you can pay by credit card at all merchants that accept credit cards.

The costs of the two are different

Consumer loans do not enjoy an interest-free period. Lenders need to repay each period on time from the effective date of the loan, and loan costs cannot be avoided. Credit cards enjoy an interest-free period of up to 50 days to 56 days. Cardholders are free of charge for overdraft consumption during the interest-free period. As long as the payment is repaid in full before the due payment date, there is no need to bear capital costs.

The convenience of application is different

Consumer loan application is cumbersome, the process is cumbersome, the approval is strict and the approval time is usually long. In many cases, applying for a consumer loan requires the applicant to provide relatively small amount of information. Many supporting documents, and even provide mortgages, guarantees, etc. Applying for a credit card is relatively easy. Customers can apply for a credit card through bank offline outlets, bank official websites and other websites, as well as through WeChat, mobile apps and other channels. During the application process, you only need to provide personal information and application materials such as proof of employment and income. Credit card approval times are relatively short and application is more convenient.

The repayment methods of the two are different

Consumer loans are repaid on a fixed schedule, while credit cards can be repaid in full, in installments or according to the minimum repayment amount, to the cardholder Provides more convenience.