If the salary is high and you can repay more than 10,000 yuan a month, then there is no problem in cashing out. You can pay it off in less than two years, but if the monthly income is not high, the monthly interest is 0.27. The credit card fee is 0.55. If you use 200,000 yuan a month, it is 1,100. If the personal credit card limit is relatively large, you can repay the credit card once every 50 days. In fact, this question is easy to answer. Sister Qian still wants to split the two questions. Separate it and look at the pros and cons one by one. After reading this, I believe everyone will be able to find a plan that suits you.

Decoration loan: Regular monthly repayments can develop a compulsory saving habit. If you get used to it, you won’t have the illusion of a credit card. Just pay some credit card fees every month. In fact, you will eventually find that a loan will help you get out of the sea of ??misery as soon as possible! Generally speaking, renovation loans have low interest rates, simple procedures, and easy operation. Credit card fees are high and the operation is cumbersome. It depends on individual circumstances and needs.

Renovation loans are more cost-effective! The monthly interest on 10,000 yuan is about 28 yuan! There may be differences in different cities, and of course it has something to do with the individual's credit report! There is a handling fee of 0.55 for swiping a credit card, which is 1,100 a month. The advantage is that you don’t have to pay back the principal, and you can pay it back if you have spare money. The disadvantage is that the handling fee is relatively high, and cashing out may also be suspected of blocking the card and reducing the limit. If you don’t plan your funds well, 5 years After that, there was still a debt of 200,000.

You can have peace of mind for one year after taking the loan. The trouble is that the principal will be repaid after one year. Subsequent financing requires further credit card cash out. It is not as good as direct credit card cash out. To put it bluntly, if you have a house in your name that needs to be renovated and you don’t have enough funds, you will be like a bank. Borrowing money and decoration loans are just one of the specific product names launched by various banks. In the final analysis, you still have credit. You have to pay attention to one issue when borrowing money. Generally, decoration loans have limited uses, such as MCC restrictions. At the same time, there are also Accept bank checks at any time. Yes, cash flow is very important. There are certain risks in using credit cards, and it is easy to have the card blocked or reduced. It is good to have a renovation loan in installments. You have the ability to repay the loan the day before yesterday, so you can do what you can according to the situation.