Cash installment is not a loan

Guangzhou Bank’s cash installment will be subject to credit bureau, and all loan business of licensed financial institutions will be subject to credit bureau. Cash installment allows us to obtain working capital, but essentially it is a financial function of a credit card, not a loan. Successful application will be recorded in the credit card record in the credit report, not the loan record. That's enough to say. There are two forms of cash installment, and the records on the credit report will be different. One is the most basic cash installment. If it is handled within the credit card limit, it will occupy the available limit of the credit card and will not be recorded separately on the credit report. If you check the credit report, you will see that the repayment amount in the credit card record has increased and the available limit has been increased. Less. The other is special cash installment, which has an exclusive limit. After application, it will not occupy the fixed limit of the credit card, but a separate account will be opened to record the loan and repayment information of the special installment. Some banks will display the credit report in the form of an electronic credit card, recording the total credit card limit, monthly repayment amount, etc.