When there is a problem in the capital chain, many people will consider this solution. How is that credit card financed?

I want to know how credit card financing is done. First of all, I need to know what credit card financing is. Credit card financing is another new financing business of banks. It finances by repaying first and then repaying it in installments. No handling fees and interest will be charged during the repayment period, so credit card financing is very simple. Apply for a credit card and decide the amount of the credit card based on the information you provide and your credit limit. Daily consumption is enough, but it must be repaid on time

Credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain amount. It converts the credit card consumer loan function into an unsecured small loan. It is actually a credit card transfer borrowing business. After the credit card application is approved, the bank will Part or all of the loan will be transferred to the borrowed book and repaid according to the repayment period agreed with the bank.

At present, the application for credit card loan business is not strict. If you have good credit and no bad repayment record, you can generally apply. Banks mainly use You can apply for a loan amount of 5,000~20,000 through telephone invitation or voluntary application.

The credit card loan transfer borrowing business is only suitable for people who take short-term loans and can be used for capital turnover, but is not suitable for people who take long-term loans. After the credit card transfer, the cardholder can pay in installments, but the longer the installment, the higher the interest rate. The monthly income for 12 installments is about 0.75, that is to say, 10,000 yuan has an interest of 75 yuan, and a pre-loan of 50,000 yuan is divided into 12 To repay, the monthly income is 0.75, calculated in one year, and the interest is 4,500 yuan. The current personal loan interest rate for 6 months to 1 year (inclusive) is 6.06, and the loan interest rate for more than 5 years is 6.60. Compared with traditional loans, credit card transfer loan business The cost paid will be higher.

According to bank regulations, the loan amount is basically related to the original amount of the credit card.