Nowadays, many banks have launched credit card loan services. Only cardholders with good credit and sufficient credit limit can use credit card loans. Some novices have some questions when using credit card loans. For example, what is the maximum term of a credit card loan? The editor below will answer it for you.

What is the maximum term of a credit card loan?

The maximum term of a credit card stipulated by major banks is slightly different, ranging from 3 to 36 terms. Some banks have a maximum term of only Can be divided into 24 periods. In addition, banks will also have relevant regulations regarding the usage period of temporary credit card limits.

How much money can be borrowed with a credit card?

How much money can be borrowed with a credit card depends on the user's personal credit qualifications. The credit card limit range is generally between 20,000 and 300,000. Each person has different qualifications and the amount that can be applied for is also different. The system will make a comprehensive assessment based on the cardholder's personal credit report, card usage, credit limit, etc. Approval of loan amount.

The term of a credit card loan is a definite option for cardholders, but in terms of loan interest rates, banks will determine the lender's interest rate based on their own policies, the borrower's qualifications, credit and current status.

After the cardholder obtains a loan, the loan term and loan interest rate will be determined. At this time, the lender cannot modify the loan term unless the loan is repaid in advance.