It is easy to apply for a loan with a credit card. In fact, many card friends don't know this. In addition to some online platforms in the market that can use credit cards for loans, credit cards themselves actually have such "special functions". Let me tell you how to get a credit card loan and how to apply for a credit card loan.
What is a credit card loan?
Credit card loan is simply credit card installment business, such as cash installment of China Merchants Bank, universal fund of Shanghai Pudong Development Bank and angel loan of Bank of Communications. In fact, it's just that the business name of each bank is different and the essence is the same.
A kind of overdraft function provided by banks to cardholders turns the consumer loan function of credit cards into unsecured, which is actually a credit card-to-loan business. After the credit card loan application is approved, the bank will transfer part or all of the credit card amount to the debit card, repay the loan according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.
How to get a credit card loan
The threshold for credit card loans is generally not high. As long as the cardholder has a good record of consumption and repayment, when there is a cash demand, the application to the bank will generally pass. Some banks take the initiative to invite credit card loans, and most of them are cardholders who take the initiative to apply according to their own needs. The process of cardholder's active application is as follows:
1. Call the customer service phone of the bank credit card for manual service.
2. Tell the customer service that you want to apply for a credit card loan or cash installment. Customer service will ask what purpose you will use the funds for. Remember not to say it's for investment, but to say something else. After the approval, you will be asked to name the last three digits on the back of the credit card, and then put the funds into the savings card of the credit card issuer, which can be other bank savings cards, but other bank cards will be charged a handling fee.
More and more people apply for credit cards to meet their daily consumption and expenses. If you want to apply for a credit card, I will give you a safe and quick application entrance! Click on the credit card application entrance directly. There are the most complete types of cards here, depending on which one you want to apply for!
How to borrow a credit card loan
Step 1: Call the customer service phone of the bank credit card to find the manual service.
Step two:
1. Tell customer service that you want to handle the cash installment. Some banks have other names, such as Guangfa called "Financial Wisdom Gold" and Pudong called "Universal Gold".
2. Provide credit card information. The customer service will ask you four questions.
1), name and the last 3 digits on the back of the credit card;
2) Payment by cash installment;
3) Confirm cash installment repayment. You ask the customer service how many issues there are, what is the handling fee rate, let him help you calculate, and then you can calculate how many issues to return;
4) Provide a debit card in my name so that the applied cash installment funds can be transferred. It can be a debit card from other banks, but other bank cards will charge a handling fee;
Step 3: After being audited by the bank, wait for the funds to arrive. The account will arrive at the earliest, or within 2 hours if it is slow. At this point, the credit card loan is completed.
How to apply for a credit card loan?
Credit card is a very common way to collect consumption in our daily life. Because it is under the control of banks, it is more reliable than other lending platforms on the market. Everyone knows that credit cards can also handle loans. In addition, there is no loan interest rate for credit card loans, only a handling fee. So how to apply for a credit card loan, and what are the ways of credit card loan? Let's study it together.
First, how to apply for a credit card loan?
Credit card loan conditions: First, you must hold a credit card of the lending bank with a good credit card record. The loan amount cannot be used for gambling and investment, and can only be used for personal consumption.
Credit card loan process: call the bank customer service number-provide credit card information-bank audit.
Second, the credit card loan method
Credit card loan is a credit card installment business launched by banks. The loan amount that cardholders can apply for is generally 200,000-200,000; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for credit, and banks only charge fees. The fee rates are different at different stages.
1, credit card loan to buy a car, the loan amount is between 200,000 and 200,000, and the loan period generally does not exceed 3 years. No interest is charged after the application, only the installment fee is charged.
2. Shopping in the credit card mall is in stages. Users can pay by credit card when shopping online, or they can pay in e-commerce companies such as JD.COM and Taobao. When the amount is large, they can choose to repay by installments, including 3 installments, 6 installments, 12 installments or 24 installments, and repay the principal and interest every month.
How to apply for a loan by credit card, I believe everyone is very clear. Generally speaking, credit card loans are more creditworthy, because with the strong support of banks, there will generally be no problems in the process of lending. But everyone should pay close attention to their repayment time, and timely repayment is the most correct choice.
How to borrow a credit card loan?
In addition to seeking loans from banks and online lending platforms, credit card loans are the most commonly used. By submitting some personal information, you can get a certain amount of loans, which can be used for daily consumption and personal credit data, so as to better obtain high loans from banks.
What is a credit card loan?
Credit card loan means that the bank gives a certain amount according to the credit status of the credit card holder, and the cardholder can use the credit card for credit card consumption. Credit card loan repayment methods are divided into one-time repayment and installment repayment.
How to use credit card loans:
According to the credit status of credit card holders, banks will increase the installment quota of their credit cards to meet the needs of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure.
Handling fee: You don't need to pay bank loan interest to buy a car by installment with a credit card, but you have to bear a one-time handling fee. Handling fee = installment amount × cardholder's handling fee rate (the handling fee is included in the first month's bill after installment purchase), and the handling fee rate of each bank is different.
Loan Term: Generally, the longest term of car purchase by installment is 24 months.
Down payment: If you buy a car by credit card, you generally need to pay a down payment of not less than 30% of the car price.
Limit: The bank has regulations on the credit card installment loan amount. For example, CCB stipulates that the installment amount range of car purchase is 200,000-200,000.
How to borrow a credit card?
Users with credit cards can borrow money in the following two ways:
1. Processing credit card cash installment. Now many banks have opened credit card cash installment business. If you want to apply for credit card cash installment, you need the cardholder to apply to the bank actively. After the approval of the bank, the cardholder will convert the applied amount into cash and deposit it in the designated debit card.
2. For cash advance, the user can directly take the credit card to the ATM of the bank to withdraw money. At present, there are handling fees and interest on cash advance. The handling fee is 1% to 3% of the withdrawal amount, and the interest is 0.05% per day.
How to borrow money by credit card?
With a credit card, you can use the following three kinds of Fang Min burning loans:
1. Handling credit card cash installment: the cardholder voluntarily applies to the bank. After the bank approves, the amount applied by the cardholder will be converted into virtual cash for the current period and deposited in the designated debit card, and the cardholder can return it according to the specified number of installments.
2. cash advance: users can withdraw money directly from the ATM of the bank with their credit cards;
3. Credit card loan: For large consumption such as car purchase and decoration, the bank will give a certain loan amount according to the credit status of the cardholder, and the cardholder will repay the principal in one lump sum and in installments.
How to get a credit card loan?
With the rapid popularization of credit cards, more and more people use them now. Credit cards bring a lot of convenience to our lives, and we can even use credit cards to solve financial problems. Let's talk about how to borrow money by credit card first.
How to borrow a credit card loan?
In fact, credit card loan is credit card cash installment, also called cash withdrawal installment. Generally, the credit card holder applies or the issuing bank actively invites the cardholder to apply, and the credit limit of the cardholder's credit card is converted into cash, transferred to the designated debit card, and returned in designated installments every month.
To put it bluntly, the bank will convert the amount of your credit card into cash according to the amount you apply for, and then you can repay it in installments.
Bank cash installment business
Most banks provide credit card "cash installment" business, and each has its own name, and some have formed fixed brands, such as "Enjoy Loan" of Bank of Communications, "Dream Enjoy Loan" of CITIC and "Wealth Management Fund" of Guangfa.
Different banks have different approval quotas, up to 50,000 half. Most banks' approval quota is within the credit line, and some banks are special, such as CITIC Dream Grant, which can reach three times the credit line at most.
Matters needing attention in applying for cash installment payment
1. Some banks need users to pay special attention to the use of funds. For example, China Merchants Bank stipulates that funds should not be used for investment (including but not limited to equity investments such as house purchase, stocks and futures), but only for consumption (including but not limited to decoration, home appliances, wedding, car purchase, student aid, tourism, medical care, etc.). ).
2. Due to the different regulations of different banks on cash installment business, the cardholder needs to confirm the fees, quotas, charging information, arrival time, etc. Advance payment from the bank.
This is the end of the introduction about how to get a credit card loan and how to buy a mobile phone with a credit card loan. I wonder if you have found the information you need?