Debit cards cannot be used for loans. Credit cards can be used for loans.

Debit card is a kind of credit tool issued by the issuing bank to the society, which has the functions of transfer settlement, cash deposit and withdrawal, shopping consumption and so on.

Debit cards do not have overdraft function, and the consumption feature is "pay first, then consume". Because personal savings are liabilities to banks, they are debited, so they are called debit cards.

Debit cards of many banks are not only RMB current savings cards, but also time deposits and foreign currency deposits.

Many bank debit cards have passbooks corresponding to them, which is convenient for customers to know the use of funds at any time.

Extended data

Debit card refers to the bank card issued by the issuing bank to the cardholder without credit limit, and the cardholder deposits first and then uses it.

Debit cards are divided into transfer cards, special cards and stored value cards according to different functions.

Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption.

Special card is a kind of debit card that is used in a specific area and has special purposes (except department stores, restaurants and entertainment industries), and has the functions of transferring money and depositing and withdrawing cash.

Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.