Overall, credit loans are more cost-effective than credit card loans.

Credit card loans are small-amount loans, generally used for small purchases, and loans of less than 100,000 are rarely available. The credit loan limit is determined based on the borrower's qualifications. The better the qualifications, the higher the limit. Generally, it is not difficult to borrow tens of thousands to hundreds of thousands, and some can even loan more than one million.

Credit loans have lower interest rates than credit cards. Friends who have used credit cards should know that if you repay in installments, the interest rates are not generally high. But credit loans are very low, with annual interest rates around 5.6%.

In addition, there are differences in the repayment methods. Credit card loans are repaid in equal amounts of principal and interest. For credit loans, you can choose the repayment method of interest first and then principal or equal amounts of principal and interest. After interest, the interest is paid every month and the principal is repaid in the last period. This repayment method is relatively easy in the early stage and has less monthly payment pressure, but the pressure will be relatively high in the later stage of repayment.