Credit card loan is actually a kind of online loan for advance consumption. A credit card loan is an overdraft function provided by the bank to the cardholder within the credit limit, just like an unsecured small loan, that is, consumption in advance. It is a credit card transfer loan business. After the credit card loan application is approved, the bank will transfer the credit card limit to the debit card, and then repay the loan according to the time limit and limit specified by both parties at the time, and pay the corresponding handling fee .

1. How to apply for a personal credit card loan

Currently, the review requirements for credit card loan business are not particularly strict. Therefore, as long as your credit is good and you have the ability to repay the loan, you can generally It is possible to apply for a credit card loan. Generally, the method used by banks is the customer's active application and telephone invitation. There are also some banks that adopt the method of active invitation. The loan amount obtained by the latter is generally higher than that of the former, and it is not required. For mortgages, as long as you meet the standards in all aspects, you can get a loan.

2. How much can you borrow with a personal credit card loan

The credit card transfer loan business is not suitable for long-term loans. In contrast, it is more suitable for people who lack funds in the short term. Therefore, after applying for a credit card transfer loan, you can pay in installments, but borrowers need to note that the longer the installment repayment period, the higher the interest rate.

3. Notes on credit card loans:

(1) Once a credit card is installmentd, it cannot be canceled after successful application. In addition, the number of installments cannot be changed at will. However, you can terminate the installment by repaying it in advance, but you generally need to call the bank to apply and wait for approval before paying off the money.

(2) Handling fees are not waived when repaying the loan in advance. Credit card installment handling fees require monthly repayment. If you want to repay in advance, the bank will not waive the remaining handling fees. Of course, not all banks will waive the remaining handling fees, and some banks will waive the remaining handling fees, but they will need to pay about 3% of the unpaid principal as early repayment penalty.

(3) Credit cards are interest-free but not free. In order to encourage cardholders to apply for installments, many credit card application platform telemarketers will say that no interest is required and only a handling fee is charged. But in fact, this handling fee is interest calculated on a monthly basis, which is mainly determined by the number of installments. Moreover, the handling fees for consumption installments and cash installments are different, and the latter will be much higher.

(4) The application time is stipulated. Credit card installments can be divided into different types, and their application time depends on the installment type. For example, bill installments need to be processed from the time the bill comes out to the day before the final repayment date; cash installments can be processed at any time, but most of them are billed on the same day as the credit card and repaid on the same day. It is best to process it after the bill date, so that it can be extended First installment payment time.