1. Is a credit card installment or a loan suitable? Bibi will make it clear

Many people who are short of money will borrow money in two ways, one is credit card installment and the other is loan. Although you can borrow money, the fees incurred are different. For this reason, many people have been struggling with which choice to make. So, is a credit card installment or a loan suitable? Here is a brief introduction for you.

Is a credit card installment or a loan suitable? It can be said that if you can choose to take a loan, you should try your best to get a loan. 1. Credit card installment is easier to apply for, but the annualized interest rate is relatively high. It is not calculated based on the installment rate given by the bank directly multiplied by the number of installments, because the credit card installment principal is not actually occupied for that long. No matter how many installments you repay with a credit card, the handling fee and principal for each installment are fixed, and the handling fees will not decrease because the principal repayment for each installment decreases. The real annual interest rate of a credit card is actually 2 times the book interest minus 1. For example, the real annual interest rate of the monthly rate is not that simple, but even higher. 2. The interest of the loan is relatively easy to calculate. Generally, the monthly rate is directly multiplied by the loan period. One year is multiplied by 12 months. And most loans still support borrowing and repaying at any time. Although you can choose the loan period when borrowing, the interest is calculated based on the actual number of borrowing days. However, you need to pay attention to the difference in interest charges between daily interest and monthly interest. Among them, the daily interest is calculated from the date of borrowing to the repayment date; the monthly interest is calculated based on the interest of the current month, not the number of days of use in the month. The above is the relevant introduction to "Is a credit card installment or a loan suitable?" Finally, I would like to remind you that everyone should make a choice based on their actual situation and real needs.

2. Which one is more cost-effective, Agricultural Bank of China’s cash installment or cash transfer?

1. If you need the money immediately, cash withdrawal by credit card is faster than cash installment, because cash installment also needs to go through the steps of application-review-approval of the amount to be released. To withdraw cash by credit card, just go to any ATM machine to withdraw money.

2. If you need a large amount of cash, the cash installment is larger than the cash withdrawal amount. The cash installment can reach at least 100,000 yuan, which is equivalent to more than 100,000 yuan. There are restrictions on credit card withdrawals. If you want to withdraw large amounts of money, you have to apply at the bank counter.

3. If you want to avoid excessive interest. Under normal circumstances, cash installments for loans of more than 10,000 yuan are more cost-effective. Cash withdrawals not only require handling fees but also include 0.05% daily interest. If you only need a small amount and can pay it back quickly, you can choose to withdraw it in cash, which is more convenient and fast.

3. Credit card cash installment or credit card, which one is more cost-effective

Expand all It is better to choose, because the cash installment interest of credit card is not very low.

4. Is installment payment with a credit card better or better?

Recently, many young people have made large purchases such as buying cars, houses, and decorations. For these people, they can choose loans. There are more and more products. For example, there are credit card installments, 2113 and so on. Faced with so many loan methods, how should we choose? How do consumers choose the loan method that suits them? The interest rate for small consumer loans is as low as 1.86. This is an unsecured loan method that a company recently exited for urban white-collar workers born in the 1980s. Consumers only need to provide their various documents and proof of income. It only takes a few working days to approve the loan, and the loan will be credited directly to your account. If you own your own property, you can increase the amount several times. At present, credit cards have also become a channel favored by many young people. Consumers can directly use the installment method at designated merchants or online platforms, and then apply for online banking installment loans over the phone. Although the installment payment method with a credit card is very simple, there is a handling fee issue after all. Although the credit card is said to be free of charge, a certain handling fee must be paid.

Although there is no handling fee for opening a small-amount internal credit loan of the company, the interest rate is higher after all, which is inconvenient if you are using it for decoration or studying abroad. The company's loan method is suitable for stable and large expenditures that cannot be swiped by credit card. Also, we recommend that consumers choose a repayment period within half a year.