Does Xingye use the borrowed money to occupy the quota?
Industrial credit card loan application will occupy the credit line after success. Therefore, users should pay close attention to their credit limit when using this service to avoid losses.
In addition, the loan amount that comes with the loan is within the credit card available amount, so the amount is usually not very high, and the specific amount depends on the cardholder's use of the card, which means that the cardholder must have a high credit limit and have excellent conditions to borrow a very high amount.
Industrial credit card holders should pay attention to their credit problems and try their best to increase the amount in order to borrow more cash.
What is an industrial loan?
Industrial loan is a short-term cash lending business with credit card as the carrier. Cardholders can apply for loans within the available credit card limit. The specific loan amount depends on the comprehensive score of the cardholder. After the loan is successful, the amount will be transferred to the account in the cardholder's own name.
The number of days to apply for a loan is within the range of 1-90 days, and the application for a loan requires handling fees and interest. After the cardholder successfully applies for a loan, he only needs to repay the handling fee generated on the account cancellation day every month. Repay the principal and the remaining handling fee in one lump sum on the agreed repayment date.
What is the scope of the loan?
Borrowing money will not only occupy the credit line, but also have a very limited scope of use. Generally, it can only be used for consumption, not for investment.
After you apply for a loan, you can use it for household durable goods consumption, household appliances consumption, furniture decoration consumption, medical consumption, car purchase consumption, wedding consumption, student aid consumption, tourism consumption and other personal small durable goods consumption, but you can't use it for equity investment such as house purchase, stocks and futures.
Summary: That's all for Industrial Loan. I hope it helps you.