Credit card loan business

The emergence of credit card loans allows cardholders to apply for loans of varying amounts from banks as long as they meet the qualifications. Of course, you must have one in advance. credit card. Let’s take a look at what exactly a credit card loan is and how to apply for it.

Basic definition

Credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain credit limit, which transforms the consumer loan function of the credit card into an unsecured one. It is actually a kind of credit card Transfer and loan business.

After the credit card loan application is approved, the bank will transfer part or all of the credit card limit to the debit card, and the loan will be repaid according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.

Application conditions

Cardholders with good credit status and no abnormalities in their accounts can generally apply. To apply for this business, except for a few banks that adopt the bank's initiative invitation method, most banks implement two methods: telephone invitation and customer initiative application. Customers who are proactively invited by the bank generally receive a higher loan amount than those who proactively apply.

Loan process

First of all, 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;

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Second, wait for bank approval;

Third, after approval, you can get a card with a certain credit limit from the bank.

Loan limit

Since different banks have different regulations, the loan limit is basically related to the original limit of the credit card. Some banks have a maximum loan limit of 300,000 yuan.

Can I get a loan with a credit card?

Yes.

First of all, you must determine the conditions for applying for a loan. The lender must have a good personal credit profile and have a stable income to pay for the loan. If these conditions are met, the loan is generally available. What a coincidence, applying for a credit card also requires these conditions, which are sufficient and necessary conditions.

So, with a credit card, you can usually get a loan. Let’s learn more about what a credit card loan is. Credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain limit, which transforms the consumer loan function of the credit card into an unsecured one. It is actually a credit card transfer borrowing business. After the credit card application is approved, the bank will transfer part or all of the amount in the credit card to the debit card and repay it according to the repayment period previously agreed with the bank.

Extended information

At present, the review of using credit cards to apply for loans is not particularly strict. As long as the personal credit record is good, you can generally apply for a loan with a credit card. The specific loan amount will vary according to the personal financial information you submit when applying for a credit card. Generally, you can get a loan of around 5,000 to 20,000 yuan.

The last thing that needs attention is the repayment issue after using a credit card loan, that is, how much does it need to be repaid after the loan is completed? How much is the interest? This issue is of great concern to everyone. Generally, credit card loans are more suitable for short-term loans to solve temporary difficulties at hand. They are not suitable for long-term loans because the interest rates are too high.